FIS, one of the world’s leading payment and data software providers, today announced its partnership with Fireblocks, the digital asset custody, transfer and settlement platform. In this way, it will allow companies of all kinds to access cryptocurrency trading and decentralized finance applications (DeFi).
As reported by the company, the alliance seeks to accelerate the adoption of cryptocurrencies in the capital markets industry, precisely in institutional investments. An initiative that demonstrates the high level that the world of cryptocurrencies has reached, led by bitcoin (BTC), by attracting large investors.
Nasser Khodri, the head of capital markets at FIS, stated: “As digital currencies become more mainstream, capital markets firms will greatly benefit from a single destination that helps them manage many digital asset classes.” .
Therefore, it considered that this new agreement, which it described as “exciting”, is proof of its commitment to invest in the growth of its digital asset capabilities for its global client base. It is worth clarifying that this is not the first time that they have made an alliance to offer cryptocurrency services. During the last year he has been doing actions to contribute in its regulation, as well as to allow some of its clients to operate bitcoin and the USDC stablecoin.
Michael Shaulov, the CEO of Fireblocks, added that together they will enable a quick way for Existing and potential institutional clients of FIS, who invest in traditional assets, incorporate operations with digital assets. This in order for them to start taking advantage of this high-growth market, which in addition to bitcoin, also includes other cryptocurrencies and DeFi tools.
Large institutional investors are interested in digital assets like bitcoin
This decision comes on the heels of a study by analyst Jack Neureuter, which was shared in the announcement. East esteem what 69% of institutional investors in the US would like to adopt digital assets as part of their investment portfolio.
The growing interest of companies to invest in cryptocurrencies is something that can be seen in those that began to store their reserves in bitcoin, for example. CriptoNoticias recently shared the updated list of the companies with the most BTC, not all of which are dedicated to this industry, but have decided to invest in this market.
At the moment bitcoin it is the ninth asset with the largest market capitalization in the worldaccording to MarketCap. With almost USD 780 billion, it exceeds the amount of large companies such as Meta, the owner of Facebook, Instagram and WhatsApp; as well as Visa and Walmart.
