Tokenization projects are making significant strides in financial markets, and beyond, by making financial and real world assets more accessible. As the market evolves, institutions require a secure and scalable solution that they can easily build and deploy.

In September 2023, Fireblocks bolstered its tokenization capabilities with the acquisition of BlockFold, to provide a complete service layer of advisory, token customization, orchestration, and distribution. Recognizing the importance of trusted tokenization partners, Fireblocks also established an open tokenization marketplace to address differing requirements in a rapidly evolving market.

One of our earliest tokenization partners to join the marketplace is Bitbond, a leading provider of enterprise tokenization technology that offers its services to banks, asset managers, and fintechs. Token Tool, Bitbond’s web3-based tokenization app, allows token creators to seamlessly issue, manage, and distribute tokens and NFTs across EVM-compatible blockchains.

We’ve deepened our partnership to enable Fireblocks customers to deploy, manage, and secure tokens from Bitbond smart contracts directly from their Fireblocks console. This integration is testament to Fireblocks’ commitment to ensure that our customers benefit from having more options for how they approach smart contract mechanics to meet their unique requirements.

Key benefits include:

• Access to Bitbond’s entire suite of smart contracts within Fireblocks Console: A new way to access, deploy and manage BitBond smart contracts, which adhere to open standards and have additional capabilities such as automated settlements, conditional payments, and more, eliminating the need for additional tools.

• Centralized control via Fireblocks: Consolidate tokenization operations by leveraging Fireblocks to securely deploy and manage securely all Bitbond smart contracts and ensure token issuers maintain control over their digital assets.

• Granular governance and approval rules: Fireblocks’ Transaction Authorization Platform (TAP) empowers businesses to define granular access controls and approval workflows for all tokenization operations, ensuring every transaction and deployment is fully compliant and secure.

• Available on any EVM-compatible chain supported by Fireblocks: Bitbond smart contracts are made available on Ethereum as well as other popular EVM networks.
• Seamless integration available via Fireblocks UI and API: Manage tokenization needs through the user-friendly Fireblocks console or integrate the functionality into existing systems via the API, providing flexibility in how customers use the platform.

The future of tokenization is here

The Fireblocks and Bitbond integration empowers institutions to capitalize on the next wave of tokenization opportunities. By combining secure key storage with powerful, flexible smart contracts, this solution simplifies the tokenization process and unlocks the full potential of this transformative technology. Institutions in need of a comprehensive, secure, and scalable tokenization solution can now leverage the all-in-one tokenization solution powered by Fireblocks in partnership with Bitbond.