Yesterday SDX Web3 Services announced a strategic partnership with Fireblocks for cryptocurrency custody for financial institutions and institutional investors. SIX Digital Exchange (SDX) first launched a tokenized securities offering but unveiled its crypto-focused Web3 arm two weeks ago. It aims to enable crypto custody and staking.
The Fireblocks service will initially support key cryptocurrencies and later expand to other tokens, with the launch planned for the second half of this year. In addition to providing key storage, the solution supports transaction execution and compliance.
“At SDX we believe that digital assets and their underlying blockchain technology offer clear benefits that traditional infrastructure cannot provide,” said David Newns, Head of SDX. “SDX Web3 Services is committed to delivering a suite of future-proof solutions for institutional players as they embrace Web3.”
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