Digital Financial Exchange (DIFX), the world’s first fully insured cross-asset platform, announced today that it will use Fireblocks’ custodian solutions to secure the transfer of its customer assets. With Fireblocks, DIFX can now offer traders and investors the highest level of security on its cross-asset exchange platform for trading, staking, and investing in digital assets.
DIFX is a cross-asset exchange that offers a comprehensive suite of products and services for customers to trade across stocks, indices, cryptocurrencies, forex, and commodities. By allowing customers to trade virtually any asset class, DIFX aims to overhaul the fragmented trading landscape, especially as new asset classes become more widely adopted.
DIFX has set forth plans to obtain an E-Banking license from the EU and Hong Kong along with a security dealer license from FCA UK as part of its efforts to introduce a unique one-stop shop for asset trading that is globally compliant.
Jeetu Kataria, the CEO and Co-founder of DIFX, called the partnership one of the main milestones in the company’s roadmap, stating:
It is crucial that DIFX uses a platform that is widely appreciated for its custody solutions because customers nowadays are very concerned about their privacy and funds’ security, partnering with Fireblocks’ services not only allows us to provide maximum security to our users but also gives us a competitive edge over other players in the market.
The increased demand for cross-asset trading solutions is set to reach a feverish pitch as traditional finance converges with the digital asset industry. In order to seamlessly plug into crypto markets while providing the necessary security to ensure the safety of funds in real-time, many of the leading companies in traditional and digital finance have sought out Fireblocks to deliver and scale digital asset operations. Now, with DIFX, Fireblocks is extending support beyond digital assets to secure new asset classes.
Michael Shaulov, CEO of Fireblocks, felt excited about the partnership saying:
We are excited to assist DIFX in bridging the gap between traditional brokerage assets and cryptocurrencies, DIFX represents a unique innovation in fintech, and we believe that there is enormous potential to grow in this market. Fireblocks looks forward to scaling alongside innovators like DIFX.
Fireblocks is an enterprise-grade digital asset security platform for moving, storing, and issuing digital assets. Fireblocks enables financial institutions to securely build, run and scale digital asset operations through its Network and MPC-based Wallet Infrastructure. The company has secured the transfer of over $400 billion in digital assets and offers a unique insurance policy that covers assets in storage and transit.
DIFX is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully-insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.
The Nomination Program is another unique feature of DIFX that allows users to manage the future of their crypto assets by passing them on to their families and loved ones. Recently, the company unveiled its Futures trading platform as well in an attempt to further improve financial inclusion and freedom through innovations offered by blockchain technology.