Fireblocks Expands Support for Banking & Financial Institutions with New HSM, Public & Private C…>
– PRNewswire
Fireblocks, a leading provider of digital asset security and settlement solutions, has announced the launch of an HSM-based public/private cloud-based solution, as part of its offering to the banking and financial services sector. The solution is designed to help clients secure digital assets and accelerate settlement times. The solution consists of a combination of public cloud infrastructure and a private cloud HSM-based enclave. This approach allows Fireblocks to provide not only the security benefits associated with HSM-based solutions, but also the scalability of public cloud to allow for rapid implementation, and the flexibility to quickly adapt to changing regulations and new asset classes. The solution also enables integration with KYC (Know Your Customer) providers to provide greater assurance to financial institutions that the digital assets they are transferring are not subject to fraud or theft. Additionally, dynamic thresholds set up in the HSM-based enclave monitor each transaction for compliance with applicable laws and regulations. Fireblocks Founder and CEO Michael Shaulov said, âWith the proliferation of digital assets, financial institutions are constantly looking for ways to securely store and transfer these assets. This solution provides an ideal combination of security and scalability to enable financial institutions to securely handle digital assets while complying with all
Link: https://www.benzinga.com/pressreleases/23/06/n33017782/fireblocks-expands-support-for-banking-financial-institutions-with-new-hsm-public-private-cloud-ca