1 min. read
How DV Chain utilizes Fireblocks to improve capital efficiency and scale
Benefits at a glance
Improves capital efficiency
Secure, customizable governance
Enables fast, efficient settlements
DV Chain utilizes Fireblocks secure Treasury Management capabilities and the Fireblocks Network to enable fast and efficient settlement with counterparties while having secure, flexible and customizable governance policies.
Being in one of the most dynamic industries in the world and being virtual, there’s a lot of phishing scams and that there’s a lot of attacks out there. Any company in our business, the first worry that they should have is security so when we looked at Fireblocks, that to us was very important.
My name is Michael Rabkin, I’m the head Global Business Development and DV Chain. We’re one of the leading market makers and liquidity providers for spot crypto.
Because we run on prop money, it’s very important for money to be efficient for us. Prior to Fireblocks, we didn’t have the ability to settle within a network so that created complications and created additional costs for us from a capital perspective. We also weren’t able to have everything in one UI.
The most important thing for us working with Fireblocks is the network effect, our ability to connect to our takers and move money quickly. It’s the network has gotten so big that it’s almost hard not to work with others on Fireblocks because it creates inefficiencies in the business.
As we scale the business and as any business scales, you want to ensure that you’re empowering enough people to do what’s needed to be done, and you’re not just concentrating it at the very top. With Fireblocks, it actually allows us to empower certain traders or certain people on a team to be able to go in and approve those transactions without having only one or two people do it.
I think the third thing that people don’t realize is Fireblocks is very adaptable. The ability to continuously launch new products support new coins, almost on demand. That helps businesses like us scale. What we saw in the last bull market is you guys are one of our best partners. We’re able to add coins almost on demand. If there’s a way to hedge out the risk and we almost don’t get worried about “can Fireblocks support it?” because most of the time we can. That really enables us to be a forward thinker in the space and helps us grow the business.
