Latest news with #Fireblocks
Business Upturn
6 days ago
- Business
- Business Upturn
DMG Blockchain Solutions Inc. Announces Enablement of Carbon Neutral Bitcoin Transactions via Systemic Trust Company
By GlobeNewswire Published on May 28, 2025, 02:10 IST VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) ('DMG' or the 'Company'), a vertically integrated data center and digital asset technology company, announces that DMG's digital asset custody subsidiary, Systemic Trust Company ('STC') has added the capability to send bitcoin in a regulatory compliant and carbon neutral manner. This enablement is the keystone that bridges the key pillars of DMG's carbon-neutral Bitcoin ecosystem – STC, whose platform is built on Fireblocks' custody solution, and Terra Pool, the world's first carbon neutral Bitcoin mining pool. By utilizing Fireblocks, a proven and trusted solution for wallet infrastructure, users can be assured of the security and integrity of their digital asset holdings when they are stored and subsequently sent. In turn, DMG's Petra technology empowers bitcoin transactions from STC's Petra-enabled wallets to be sent via Terra Pool, which removes the risk of commingling with nefarious actors and utilizes energy from carbon neutral energy sources, a highly sought after capability increasingly demanded by financial institutions globally. DMG's CEO, Sheldon Bennett, commented: 'Integrating Petra technology with Fireblocks' custody solution achieves a key milestone for enabling DMG's carbon neutral Bitcoin ecosystem, as it allows not only Systemic Trust being able to send bitcoin in a regulatory-compliant and carbon neutral manner but also the much larger ecosystem of Fireblocks' 2000+ customers. Our goal remains to provide financial institutions, government and enterprises choice as to how they transact bitcoin, and this is a key advancement that can broadly give them that choice, all the while advancing our burgeoning collaboration with Fireblocks.' About Terra Pool Terra Pool is the world's first carbon neutral Bitcoin mining pool, designed to reward miners with carbon neutral bitcoin. It plays a crucial role in advancing a carbon neutral Bitcoin ecosystem. When integrated with DMG's subsidiary, Systemic Trust, a digital asset custodian, financial institutions and content creators gain the ability to send bitcoin in a regulatory-compliant and carbon neutral manner. About Systemic Trust Company Systemic Trust Company is a qualified custodian fully regulated under the Alberta Loans and Trust Corporations Act, ensuring client digital assets are managed with the highest standards of compliance and security. Systemic Trust combines regulatory compliance, cutting-edge technology and robust insurance coverage to deliver the ultimate digital asset custody experience. About DMG Blockchain Solutions Inc. DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG's carbon neutral Bitcoin ecosystem, which offers financial institutions the choice to send bitcoin in a regulatory-compliant and sustainable manner. For additional information about DMG Blockchain Solutions and its initiatives, please visit Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights. For further information, please contact: On behalf of the Board of Directors, Sheldon Bennett, CEO & DirectorTel: +1 (778) 300-5406 Email: [email protected] Web: For Investor Relations: [email protected] For Media Inquiries:Chantelle BorrelliHead of Communications [email protected] Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG's strategies and plans, the potential and expectations of STC and Terra Pool, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company's products and services, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG's production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of Gen AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company's filings on In addition, DMG's past financial performance may not be a reliable indicator of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and Gen AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs (which includes energy costs), increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Wire
22-05-2025
- Business
- Business Wire
Fireblocks Integrates with Lynq, the Real-Time Yield-Bearing Settlement Network, as a Launch Partner
NEW YORK--(BUSINESS WIRE)-- Lynq, the real-time yield-bearing settlement network for digital assets, today announced that Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, has joined Lynq as a launch partner. Announced in April 2025, Lynq was developed through a collaboration between Arca Labs, Tassat Group, and tZERO Group. Fireblocks will participate in Lynq's growing consortium of early adopters including Avalanche, B2C2, Galaxy (TSX:GLXY), U.S. Bank, and Wintermute. Trusted by more than 2,000 businesses, Fireblocks provides comprehensive infrastructure to streamline custody, tokenization, payments, settlement, and trading operations across the digital asset ecosystem. Fireblocks has secured over $10T in transactions across more than 100 blockchains and 300M wallets through its network and MPC-based wallet infrastructure. 'As one of the preeminent players in the digital asset industry, Fireblocks has solidified a client roster that includes most of the leading companies," said Jerald David, CEO of Lynq. "This partnership and connectivity will provide their clients access to Lynq's network via the Fireblocks interface to perform settlement activity, on-ramp to exchanges, and to create and redeem with stablecoin partners.' 'By integrating with Lynq, Fireblocks enables institutions to access real-time settlement while earning yield continuously - even during the transaction process itself,' said Adam Levine, SVP of Corporate Development & Partnerships at Fireblocks. 'Lynq has been built to be forward looking, with enterprise and regulated entities partnering to support the system.' Through this collaboration, Lynq and Fireblocks work to accelerate the onboarding of key counterparties, offering API-integrated services to Fireblocks' institutional clients, while exploring the potential to offer additional value-added capabilities, such as delivery-vs-payment and advanced treasury management. Lynq addresses the unique challenges of digital asset settlement, including market fragmentation, counterparty risk, and evolving regulatory frameworks, while returning yield to institutional clients. Lynq operates within the existing regulatory perimeter by leveraging tZERO's Broker-Dealer and Special Purpose Broker-Dealer licenses, as well as Arca's registered investment adviser and Delaware Statutory Trust. This innovative architecture, paired with Tassat's widely adopted, real-time blockchain infrastructure, equips clients with segregated account security, transparent proof of reserves, and broad ecosystem connectivity on a familiar and trusted platform. To learn more about Lynq and join the network, please visit About Lynq Lynq is a broker-dealer operated, real-time settlement utility powered by a tokenized treasury fund custodied at a special purpose broker-dealer. Developed by Arca Labs, Tassat, and tZERO Group, and supported by a syndicate of leading digital asset and tradfi institutions, Lynq offers clients a scalable and inclusive settlement service on a proven end-to-end platform. Built by the industry, for the industry, Lynq delivers yield and transparent proof of reserves within a bankruptcy-remote architecture that minimizes counterparty risk. Lynq's patent-pending Yield-in-Transit technology enables users to maximize earned interest even during settlement operations, driving unprecedented capital efficiency. Yield is calculated by the fund administrator, Ultimus Fund Solutions. For more information, please visit About Fireblocks Fireblocks is the world's most trusted digital asset infrastructure company, empowering organizations of all sizes to build, run and grow their business on the blockchain. With the industry's most secure, scalable and comprehensive platform, we streamline custody, tokenization, payment, settlement, and trading operations across the largest ecosystem of exchanges, custodians, banks, payment providers and stablecoin issuers in the world. Over 2,000 organizations - including BNY Mellon, Galaxy, and Revolut - trust Fireblocks to secure more than $10 trillion in digital asset transactions across 100+ blockchains and over 300 million wallets. Learn more at
Yahoo
21-05-2025
- Business
- Yahoo
Fireblocks Launches Platform-Wide Enhancements to Power Secure and Scalable Digital Asset Operations
New platform capabilities eliminate friction and boost security across payments, retail, and institutional trading workflows NEW YORK, May 21, 2025 /PRNewswire/ -- Fireblocks, an enterprise platform providing digital asset infrastructure solutions to businesses building on blockchain, announced today the launch of platform-wide enhancements engineered to meet the security, scalability, and automation demands of modern digital asset operations. Debuted at Fireblocks Pulse, the company's first global product showcase, these new capabilities are already in use by leading institutions including Galaxy and WonderFi. Designed to meet the growing operational demands of trading and retail businesses that are transitioning core functions to blockchain-based rails and leapfrogging into stablecoin payments and DeFi, Fireblocks debuted new capabilities that solve key challenges and collectively power a secure, scalable operating system for digital asset operations, with re-engineered security, abstracted blockchain complexity via EIP-7702, and increased scale and speed. "We're flipping the switch from 'utility' to 'advantage'," said Idan Ofrat, Co-founder and Chief Product Officer at Fireblocks. "The enhanced platform gives every institution the power to move billions, meet local regulations, and invent new products—on infrastructure engineered to stay three steps ahead of the threat landscape." These enhancements arrive as institutional adoption accelerates. According to Fireblocks' 2025 State of Stablecoins report, 86% of firms say their infrastructure is ready for stablecoin operations—but fewer than 1 in 5 feel confident in their continuity or security frameworks. The message from the market is clear: execution matters now, and infrastructure will decide the winners. Fireblocks' latest platform upgrades address this execution gap—eliminating friction, mitigating emerging attack vectors, and bringing enterprise-grade policy, automation, and wallet management tools to the forefront of digital asset operations: Next-Generation Fireblocks Policy Engine: Offers new controls for managing transaction and workflow security, governance, and compliance policies in one place. New features include multi-asset rules, simplified configuration tools, and direct management of AML/KYT requirements. Early adopters include WonderFi (acquired by Robinhood) and Galaxy. dApp Access Policy: Fireblocks is the first platform to offer enterprise-grade dApp controls at the application layer. Teams can now whitelist trusted URLs and block suspicious or spoofed apps — mitigating phishing, wallet drainers, and smart contract exploits, which are rising attack vectors in DeFi and retail. Wallet Tagging: A new system for organizing vaults, addresses, and users with custom business logic—by region, client, or product. Fully integrated with Fireblocks Automation and Policy Engine for smarter, rule-based operations at scale. Batched Transfers: A new API to support high-volume transaction execution — allowing businesses to send funds from one source to multiple destinations in a single blockchain transaction. Ideal for payouts, payroll, merchant settlements, and token distributions. Sweeping: A new automation feature that moves assets from multiple wallets into a single destination in real time. Helps teams centralize deposits, optimize treasury flows, and eliminate manual reconciliation. Universal Gasless: A first-of-its-kind solution allowing users to send tokens on EVM chains without paying gas fees, creating a more seamless customer experience for retail and consumer apps while addressing compliance barriers for regulated entities who cannot keep gas tokens on their balance sheet. Built on EIP-7702 from the Ethereum Pectra upgrade. Gasless transactions are also available on Solana. "Fireblocks' new Policy Engine is a leap forward for operational clarity. The new structure and UX make it far easier to manage complex policies at scale—whether it's organizing rules by business unit or getting visibility into which ones are active," said Dean Skurka, President & CEO of WonderFi. "These updates raise the security bar and strip out manual steps our ops team used to handle. The time we save can now go toward higher-value work." As blockchain shifts from experimentation to essential infrastructure, Fireblocks is delivering scalable, secure, and intuitive tools that institutions and builders require. Whether onboarding millions of users or managing complex institutional flows, organizations can access a platform engineered for high-volume execution, without compromising on security or control. To learn more about the newest capabilities on the Fireblocks platform, visit here. About Fireblocks Fireblocks is the world's most trusted and proven digital asset infrastructure company, empowering organizations of all sizes to build, run and grow their business on the blockchain. With the industry's most secure, scalable and comprehensive platform, we streamline custody, tokenization, payment, settlement, and trading operations across the largest ecosystem of exchanges, custodians, banks, payment providers and stablecoin issuers in the world. Over 2,000 organizations - including BNY Mellon, Galaxy, and Revolut - trust Fireblocks to secure more than $10 trillion in digital asset transactions across 100+ blockchains and over 300 million wallets. Learn more at View original content to download multimedia: SOURCE Fireblocks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
19-05-2025
- Business
- Finextra
Fireblocks wins Next Generation digital assets deal
The French-based fintech Next Generation has chosen Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, to deliver a key component for its platform. 0 The French company is in the final stages of launching a comprehensive payment ecosystem aimed at bridging traditional finance (TradFi) and digital finance through a unified solution. The kernel of the payment ecosystem will be a new, fully MiCA-compliant stablecoin, pegged to the EUR. Fireblocks—a platform serving over 2,000 institutions and securing over 300 million digital wallets—has provided Next Generation with a secure infrastructure for managing crypto wallets and crypto transaction workflows, as well as streamlining all digital asset activities. As a result, Fireblocks' custody technology now serves as an important component of the French firm's IT infrastructure, safeguarding digital asset operations, including wallet security, cryptographic key management, and transaction flows. 'Next Generation is launching an innovative platform that features the core advantages of blockchain technology: speed, costs efficiency, and transparency. Our clients will experience the benefits of managing both digital assets and traditional finance within a unified ecosystem,' said Frank Combay, COO of Next Generation. 'We are excited to leverage Fireblocks' battle-tested infrastructure and integrate its custody technology into our platform, insuring enterprise-grade security and reliability, particularly for critical payment processing operations. By leveraging tools from an industry-leading digital assets infrastructure company, we enhance our platform's capabilities while reinforcing our commitment to delivering cutting-edge, secure services.' Mr. Combay highlighted that the Next Generation platform will incorporate an IBAN-integrated digital wallet as one of the central features. 'The implementation of Fireblocks' robust solution will serve as an important safeguard, ensuring transactional integrity and elevating the platform's technical sophistication.' The COO of Next Generation announced that the ecosystem is now in the pre-launch stage. The EUR-pegged stablecoin is technically ready and audited on the EVM blockchains, pending approval of the regulator before deployment and distribution. The token's smart contracts have undergone rigorous audits, successfully completed on two leading blockchain platforms. Recently, the French fintech firm secured $5 million in a funding round led by international investors. This infusion of capital has positioned the company to launch its ecosystem and stablecoin, ensuring a high degree of financial stability and robust token reserve backing. Last month, Next Generation finalized its acquisition of Lugh Financial Services, a digital asset service provider, from Casino Group, a prominent French multinational retail corporation. The acquisition enabled the firm to carry out transactions with crypto assets. This strategic move strengthened Next Generation's legal infrastructure as it prepares for its market debut. Mr. Combay also highlighted the company's active preparations for the upcoming ecosystem launch, emphasizing the expansion of its network of launch partners. These include prominent cryptocurrency exchanges, payment service providers, and financial institutions. Prior to the official launch, commitments from global financial institutions have already surpassed $10 million in TVL (total value locked). 'The Next-Generation payment ecosystem, a unified platform enabling financial institutions to seamlessly manage both cryptocurrency and traditional currencies, is poised to become a highly sought-after innovation for businesses of all sizes. By working with Fireblocks, we will further enhance the platform's reliability, security, and competitive edge in the evolving financial landscape,' said Mr. Combay.
Yahoo
13-05-2025
- Business
- Yahoo
Stablecoins Will Expand Beyond Crypto Trading, Become Part of Mainstream Economy, Citi Predicts
The stablecoin market could soon eclipse the entire crypto trading ecosystem that gave birth to it as regulatory tailwinds allow for the integration of the fixed-value tokens into the mainstream economy, according to predictions from global bank Citi. Above and beyond their role as tokenized cash for the crypto trading community, stablecoins — digital tokens whose value is pegged primarily to the U.S. dollar — are already expanding into payments and remittances. The next five years will likely see them replacing some overseas and domestic U.S. currency holdings as well as forming part of the short-term liquidity held at banks, according to a recent report from Citi Institute's Future Finance think-tank. If yield-bearing stablecoins can be issued, those may find a role in term deposits and retail money market funds. 'We're looking at the integration of stablecoins into what you call the mainstream economy,' Ronit Ghose, the global head of Future of Finance, Citi Institute, said in an interview. 'For example, stablecoins could be the cash leg for tokenized financial assets, or for payments by SMEs and large corporates. The dollar, and to a lesser extent the euro, has this kind of international currency status. Stablecoins allow people all over the world to hold dollars or euros in an easy, low cost way.' The stablecoin market size is currently around $240 billion, led by Tether's $145 billion USDT and Circle's $60 billion USDC. In Citi's base-case prediction, stablecoins will grow to $1.6 trillion by 2030, provided regulatory support and institutional integration take hold. In the bank's more bullish scenario, the market could balloon to $3.7 trillion. (The global cryptocurrency market cap today stands around $3.45 trillion.) Large crypto firms like Fireblocks, a platform for managing and moving crypto assets, said it's also noted a swing in stablecoin use away from a settlement and on/off ramp trading tool toward payments. 'Payment companies are leveraging stablecoins for a variety of pure-play payment flows, including cross-border transfer, remittance, merchant settlements and others,' CEO Michael Shaulov said in an email. 'Payment companies represent 11% of all of our clients, but 16% of the overall stablecoin transactions with over 30% growth of Q/Q in volumes. It is likely that this growth will continue, and they will represent 50% of the stablecoin volume within 12 months.' Over the past 90 days, the combined USDT and USDC volume on Fireblocks was $517 billion, some 44% of the total volume, a figure that has doubled over the past several years. Of that, payment companies generated $82 billion, up 38.2% quarter over quarter, Fireblocks said. The Empire Strikes Back In the past, Citi's Future Finance team has weighed the potential of central bank digital currencies (CBDCs), often seen as the antithesis of freewheeling libertarian innovation by the crypto community, a view also held by President Donald Trump. For Citi's Ghose, the growth of stablecoins raises many questions: If the U.S. supports stablecoins, will Europe too? Or will Europe prefer CBDCs? Will CBDCs grow in the rest of the world? How will deposit tokens and tokenized deposits play out? Whatever the landscape looks like, banks will likely avail themselves of all of the above, Ghose said. All banks, by definition, conduct inter-bank payments, which make sense with a wholesale CBDC, as well as retail CBDCs, he said. 'Depending on the country, there may be a stablecoin option or there may be a CBDC option,' Ghose said. 'From a crypto perspective, it's like Starwars, where the CBDCs are the evil Empire, as opposed to the crypto guys, who see themselves as Luke Skywalker.'Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
