CTalkFireblocks CEO on financial institutions' rising use of blockchain
CTalk
Fireblocks CEO on financial institutions' rising use of blockchain
Michael Shaulov, Co-Founder and CEO of Fireblocks, spoke to CTech at Calcalist’s Mind the Tech conference in New York about how financial institutions are adopting blockchain.
Michael Shaulov.
(Credit: Tomeriko)
“We currently have over 1,500 clients worldwide that are using Fireblocks as their main infrastructure. I would say that in general about 30% are trading firms and asset managers that are investing in different cryptocurrencies, digital assets, tokenized securities and so on,” says Fireblocks Co-Founder and CEO Michael Shaulov to CTech at Calcalist’s Mind the Tech conference in New York.
Fireblocks has developed an enterprise-grade platform to create blockchain-based products for moving, storing, and issuing digital assets.
“We’re starting to see tokenized securities coming to the market. We’re seeing specific adoption around money market funds - so basically the ability to invest in tokens that are backed by real treasury bills and so on, that generate 5%,” says Shaulov.
“There’s a pretty interesting experiment that we did with the Tel Aviv Stock Exchange and the Israeli Ministry of Finance back in May where they issued Israeli bonds on the blockchain. Those use cases are now becoming more and more adopted, and the entire ecosystem of moving the financial instrument on blockchain is picking up.”
You can watch the full interview in the video above.
