1 min. read
How BlockFills enhances crypto trading efficiency with Fireblocks
Benefits at a glance
Fast, secure settlements in minutes
Secure, efficient full-scale asset management
Unified platform for managing counterparties
Streamlined asset movement across venues
The moment we talk to an actively trading counterparty and we know that they’re either banking at the same banks as us or using the Fireblocks system, we know that there’s very little reason at that point that they can’t do business with us.
My name’s Neil Van Hughes, I’m a Partner and Director of Sales and Trading here at BlockFills.
BlockFills is a global financial services technology and trading company. We focus on providing digital asset liquidity, execution, and clearing services to professionals and institutions around the globe.
We bring that together in a full-service trading platform and back office system. For us, being able to use Fireblocks means logging on to one platform where we can see all of our counterparties completely whitelisted and secured.
We can create sub-account structures. Let’s say we’re settling between another counterparty and a direct client of ours. If both clients or the client and counterparty have Fireblocks, we can settle something in minutes. And we’re not talking about thirty minutes or sixty minutes. We’re talking for about a few minutes. We don’t have to necessarily worry about double spending issues in hardware wallets or, taking in crypto from one wallet and then having to turn around and another address, make sure that everything is listed correctly, and then send a test to make sure that—if there was a mistake, in what we listed, we didn’t lose a lot of crypto by making that mistake. Even if you’re using a hardware wallet or not using a hardware wallet, you could be using a cold storage wallet or a multi-sig wallet.
I don’t think there’s a need for multisig simply because it’s old tech—unnecessary tech. To my knowledge, no other system in the marketplace allows you to keep all of your counterparties organized, securely, and efficiently in one place across multiple venues and wallet sequences.
Fireblocks is definitely the best place to manage your assets on a full-scale platform that gives you the functionality to move those assets across boundaries or to other counterparties all within one platform.
If you don’t want to lose a lot of Bitcoin or make a mistake, Fireblocks will show you how.
