Archax Integrates Fireblocks to Reinforce Its Digital Asset Custody Service

Archax, the first FCA-regulated digital asset exchange, broker and custodian, announced an integration with Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations, to expand its its custody service.

According to the annoucement, the integration allows Archax to effectively manage its day-to-day treasury operations and leverage Fireblocks' enterprise-grade multi-layer security to further safeguard customer funds.

Besides, Archax is utilizing the Fireblocks Network, an enterprise-grade digital asset transfer platform for rapid digital asset transactions and dynamic payment workflows, to extend the reach of its products and services suite, particularly its crypto OTC and exchange offerings, and the number of crypto trading pairs supported.

"As a custodian that handles both regulated and unregulated digital assets, it is vital that we work with the best technology providers for our products and services," said Graham Rodford, CEO and Co-Founder of Archax. "By leveraging Fireblocks, alongside our existing technology partner Metaco (now Ripple Custody) for custody, we are extending the reach of all of our digital asset services. Working with leading custody technology providers provides our customers with greater choice, which is a key part of the Archax strategy."

"Fireblocks' powerful digital asset treasury management provides Archax with the operational flexibility to meet governance and risk requirements, as well as provides direct connectivity to the digital asset trading ecosystem via the Fireblocks Network. We look forward to further supporting Archax as it pioneers the future of blockchain-based markets," stated Stephen Richardson, Managing Director, Financial Markets at Fireblocks.

Earlier this month, Fazzaco reported that Fireblocks planned to establish a limited-purpose trust company​ under the purview of the New York Department of Financial Services, named . In February, Archax, has introduced its Stablecoin Yield Service.