We are excited to announce that BNP Paribas Securities Services — a division of Europe’s leading global custodian by AUC — is leveraging Fireblocks’ technology stack to explore new, innovative digital asset services.
This announcement comes after a proof-of-concept performed in 2021 to validate Fireblocks’ ability to meet BNP Paribas Securities Services’ requirements, so that they may continue to manage global operations on their clients’ behalf.
As a global custody leader, we strive to be the premier long-term asset servicing provider of choice for the world’s leading financial institutions. This means that we continuously explore distinct technology solutions in order to support our customers’ needs in a fast-paced world. Fireblocks’ security-first approach allows us to safeguard our clients’ assets while fulfilling regulatory requirements and simplifying the overall investment process. They are a recognized provider and we look forward to continuing our collaboration to experiment with their solution.
How BNP Paribas Securities Services is utilizing Fireblocks
As a first step in our on-going collaboration, BNP Paribas Securities Services selected Fireblocks as its hot wallet, tokenization, and connectivity infrastructure layer in their on-going experimentation with the settlement and custody of regulated security tokens.
The organization will also continue to explore further concepts around financial instruments issued on blockchains using the Fireblocks platform.
“BNP Paribas Securities Services is a pioneer in the asset servicing vertical. The team has shown an impressive ability and openness to collaborate alongside key industry players — from fintechs to central banks — to make great strides into the digital asset space,” explained Michael Shaulov, CEO and Co-Founder of Fireblocks. “We’re proud to support the BNP Paribas Securities Services’ team in their digital asset journey to meet the demand of institutional investors everywhere.”
About BNP Paribas
With an extensive network in over 90 markets, BNP Paribas Securities Services has amassed $14.4 trillion assets under custody, $2.9 trillion in assets under administration, and 137.4 million transactions settled in 2021.
A wholly owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, the organization provides multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, BNP’s network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities worldwide.
