/C O R R E C T I O N - Fireblocks/
In the news release, Fireblocks Launches Liquidity Market, Bringing Streaming OTC Pricing Into Stablecoin Payments, issued
Fireblocks Launches Liquidity Market, Bringing Streaming OTC Pricing Into Stablecoin Payments
MoneyGram, OpenPayd, Reap, TapTapSend, and Zepz joined as design partners
MoneyGram, OpenPayd, Reap, TapTapSend, and Zepz have joined as design partners. B2C2 and Zodia Markets are live as liquidity providers at launch, with Cumberland, FalconX, GSR, Hercle, Nonco and Wintermute to quickly follow.
Over the past 12 months, OTC and trading firms moved nearly
"Payments companies already hold their stablecoin treasury on Fireblocks, and most of the desks they trade with do too," said
Fireblocks Liquidity Market gives teams a consolidated view of available credit, margin requirements and balances across every connected desk. Trades execute through the Fireblocks Console or API, and each fill is recorded against its originating quote. Fireblocks does not take any spread. At launch, Liquidity Market supports all major stablecoins against USD, EUR, GBP, and other G10 currencies.
Outside of Fireblocks, each desk grants trading permissions on its own platform, with nothing enforcing them across providers. In Liquidity Market, the Fireblocks Policy Engine enforces trading limits and execution permissions across every connected desk, and connecting an account or executing an order requires quorum approval. Fireblocks does not sit in the flow of funds or take custody at conversion. Settlement happens directly between the customer and the liquidity provider.
"Payments companies have become some of the most consistent stablecoin volume in the market, and they want to trade where their treasury already sits," said
"At our scale, depth of liquidity is very important, particularly in markets that aren't deeply liquid in the traditional sense. Being able to draw on multiple providers at once, rather than relying on a single desk, is how you build resilience into the hard to reach corridors." said
"Every new dealer used to mean a procurement cycle and an integration project before we saw a single quote," said
Liquidity Market is available now to Fireblocks customers, with additional liquidity providers added on a rolling basis. Learn more at fireblocks.com/products/liquiditymarket
About Fireblocks
Fireblocks is the world's most trusted digital asset infrastructure company, empowering global institutions to build, manage and grow their business on the blockchain. With the industry's most scalable and secure platform, we streamline stablecoin payments, settlement, custody, tokenization, trading, accounting operations, and compliance reporting - enabling everything from institutional finance to consumer-facing digital experiences across the largest ecosystem of banks, payment providers, stablecoin issuers, exchanges and custodians. Thousands of organizations - including Worldpay, BNY, Galaxy, and Revolut - trust Fireblocks to secure $16 trillion in digital asset transactions across 200+ blockchains. Learn more at fireblocks.com.
Correction: Removed the word "globally" from the paragraph above the boilerplate.
View original content:https://www.prnewswire.com/news-releases/fireblocks-launches-liquidity-market-bringing-streaming-otc-pricing-into-stablecoin-payments-302909484.html
SOURCE Fireblocks
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