BDACS Selects Fireblocks as Technology Partner to Upgrade Custody Infrastructure
TECHWORLD ·
✦ AI Summary
BDACS said it will push ahead with upgrading its custody infrastructure with Fireblocks to strengthen services for corporate clients. BDACS announced on the 21st that it had selected Fireblocks as a technology partner. BDACS said the Fireblocks selection will help it upgrade its custody operations and its stablecoin trading infrastructure.
BDACS said it will push ahead with upgrading its custody infrastructure with Fireblocks to strengthen services for corporate clients. On the 21st, BDACS announced that it had selected Fireblocks as a technology partner.
BDACS said the Fireblocks selection will help it upgrade its custody operations and its stablecoin trading infrastructure. The move is part of an effort to strengthen services for corporate clients.
Fireblocks is a global blockchain infrastructure company and global enterprise platform that supports more than 200 blockchains and more than USD 16 trillion in digital asset transfers. It also has a security architecture based on multi-party computation (MPC) and provides a policy engine.
Fireblocks also provides detailed control features for transaction approval, asset segregation, and operational governance. Transaction approval, asset segregation, and operational governance controls are considered core requirements for custodians serving corporate clients. The Fireblocks platform has already been adopted for infrastructure buildouts by several global financial institutions.
BDACS said it has linked the platform with its existing custody operating system to improve efficiency in supporting a variety of blockchain networks and digital assets, while strengthening its multi-chain operating capabilities.
The move has improved security in the asset transfer and stablecoin trading process and increased operational efficiency for asset transfers and stablecoin trading. It has also expanded the foundation for providing global institutional-level digital asset custody and trading infrastructure to domestic corporate clients.
Lee Hong-yeol, CEO of BDACS, said the top priority for corporate clients is trust in safe custody, regardless of chain or asset type. He added that the introduction of Fireblocks will strengthen the security framework of its prime custody solution and MPC technology to the highest level and further enhance transparency. He also said the company will push ahead with creating an environment in which domestic and overseas institutional investors can entrust their assets with greater confidence.
Source: TECHWORLD · Kim Hye-jin
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407232
References
This article was produced with the help of an automated content generation algorithm.
Source: TECHWORLD
View originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.