Singapore, Singapore — DiFX Exchange (difx.io), the world’s first fully insured cross asset platform, announced today that it will use Fireblocks’ MPC-Wallet Technology and Network to secure the transfer of customer assets. With Fireblocks, DiFX can now offer traders and investors the highest level of security when using the 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. To achieve this, DiFX has set forth plans to obtain an E-Banking licence from the EU and Hong Kong along with a security dealer licence from FCA UK as part of its efforts to introduce a unique one-stop-shop for asset trading that is globally compliant.
“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,” said Jeetu Kataria, founder of DIFX. “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 capital 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. These include Nexo, Celsius, BlockFi, Genesis, and many more. Now, with DiFX, Fireblocks is extending support beyond digital assets to secure new asset classes.
“We are excited to assist DIFX in bridging the gap between traditional brokerage assets and cryptocurrencies,” said Fireblocks’ CEO, Michael Shaulov. “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.”
DIFX is a decentralized crypto-asset trading exchange that aims to reclassify worldwide trading methods. Its ecosystem consists of a crypto exchange, wallet administrations, and a cross-asset
platform. At the heart of the DIFX platform lies DIFX tokens, which anyone can buy or trade to get benefits, like get a 50% discount on transactions, staking rewards, as well as, high yield.
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 the Fireblocks 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 & transit.