Fireblocks, a digital asset custody and transfer platform, has announced that it now supports the Avalanche Spruce subnet. This new integration will allow Fireblocks' institutional clients to securely store and transfer assets on the Avalanche network. The Avalanche network has been gaining traction in the decentralized finance (DeFi) space due to its high transaction speed and low fees. Fireblocks' integration with Avalanche will provide institutional investors with greater access to DeFi opportunities on the network, potentially increasing adoption of the technology.

Japan-based cryptocurrency trading and staking service provider CoinTrade on Thursday said it has partnered with Singapore-based crypto custody platform Fireblocks to provide institutional clients with improved security for digital assets.

Cryptocurrency wallet BitGo has patched a critical vulnerability that could have exposed the private keys of retail and institutional users.

The Commodity Futures Trading Commission (CFTC) has signalled receptiveness to the crypto and blockchain sector after including several executives from the space as part of its new Technology Advisory Committee (TAC). CFTC commissioner and TAC sponsor Christy Goldsmith Romero announced the updated membership via a public statement on March 13, with the inaugural meeting of the new committee set to take place on March 22. The TAC itself was formed in 1999 and aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.” (Cointelegraph)

Fireblocks, which has developed an enterprise-grade platform for moving, storing, and issuing digital assets, is laying off 30 employees, accounting for 5% of the team. This is the first time the company has laid off employees since the start of the crisis in high-tech, with around half of those leaving Fireblocks being based out of Israel.

Fireblocks is trialing a hybrid custody solution that its clients can use to safeguard their crypto even while trading on exchanges, according to a Financial News report on Friday.

Cryptocurrency custody specialist Fireblocks has deepened its relationship with U.K.-based digital assets protection and insurance company Coincover, doubling down on backup and disaster recovery for cryptographic keys.

ABN Amro (EURONEXT:ABN), a Dutch financial services provider, has registered a digital bond on the public blockchain in collaboration with two crypto companies, Fireblocks and BitBond. Thus, ABN became the first institution in the Netherlands to list a debt certificate using distributed ledger technology.

Reap, the global fintech company powering expense management through the industry first Reap Visa Corporate Card (“Reap Card”) platform, launches industry-leading innovation by including cryptocurrency repayments functionality for the Web3 industry. Together with the Reap Card, Reap is offering expense management software that will enable web3 companies to settle their fiat payments with cryptocurrencies. 

The Aurora ecosystem has now joined forces with Fireblocks. As a result, all institutional users on the network will have a better chance of linking up with swift and very cost-effective means of handling their own financial matters. This will provide them with further assurance that all safety factors are in place. Fireblocks will play a significant and accountable role in this context.