Following this announcement, the collaboration will combine WSPN’s extensive footprint in digital transactions with Fireblocks’ enterprise-grade digital assets infrastructure. The incorporation of those products will focus on WSPN launching a USD-backed stablecoin, the WUSD (`Worldwide USD`) with Fireblocks’ Tokenisation Studio. At the same time, WSPN will be leveraging Fireblocks’ Wallet-as-a-Service in order to ensure the safe and efficient custody of WUSD and to facilitate asset transfers.
By integrating Fireblocks’ technology and suite of solutions, WSPN will prioritise the process of optimising its payment ecosystem as well. The company will provide its partners and clients with an improved level of security and efficiency in managing digital assets, aiming to meet their needs, preferences, and demands in an ever-evolving market, while also remaining compliant with the requirements and laws of the local industry.
The partnership between WSPN and Fireblocks represents an important step into WSPN’s strategy to establish a robust, efficient, and secure payment infrastructure for customers and users, while also ensuring their transparency and a high level of compliance. At the same time, both companies will prioritise the process of supporting financial inclusion, giving clients the opportunity to evolve and develop in the market.
As stablecoins are being developed in order to provide improved transparency and speed with the use of reduced intermediation and 24/7 availability of the blockchain, the collaboration is expected to lean towards a more accessible and efficient financial system for customers and firms alike. Both WSPN and Fireblocks will focus on optimising industry standards and give businesses the opportunity to benefit from improved payment capabilities and security in the process of handling digital assets. Fireblocks’ recent strategy of development
US-based Fireblocks represents an enterprise-grade platform that delivers a secure infrastructure for moving, storing, and issuing digital assets in a secure and efficient manner. The firm had multiple collaborations and product launches in the last couple of months, covering several different geographic areas around the world.
In September 2023, Fireblocks announced its acquisition of BlockFold, a smart contract development and consulting firm, aiming to optimise its tokenisation capabilities. At the same time, the strategic deal aimed to offer clients a comprehensive package of services, including advisory, customisation, orchestration, and distribution within the Fireblocks Network.
Earlier in the same month, Asset Reality announced its decision to integrate with Fireblocks in order to optimise its seized asset management platform with an improved range of custody options for the digital assets that are stored within its suite of products. Asset Reality was set to use Fireblocks’ multi-party computation technology as well.
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