Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments, today announced a collaboration with an affiliate of Circle Internet Group, Inc. (NYSE:CRCL), a global financial technology company and stablecoin market leader.
The collaboration is designed to make it easier and safer for financial institutions to build digital asset offerings.
Circle’s stablecoin network will complement Fireblocks’ custody and payments infrastructure tools to provide cross-border treasury and tokenization asset settlement. The collaboration is a significant moment for the rapidly growing stablecoin ecosystem by bringing together two leading infrastructure providers and their networks to advance payments onchain.
“Together, Circle and Fireblocks are working to build the trusted rails that enable stablecoin-based finance at a global scale,” said Michael Shaulov, Co-founder and CEO of Fireblocks. “By combining Circle’s stablecoin expertise with our institutional infrastructure, we’re empowering financial institutions to innovate with confidence. Those who move now won’t just keep pace, they’ll set the standard for tomorrow’s digital financial system.”
“The future of money is programmable, and this collaboration with Fireblocks can make that future real for institutions worldwide,” said Jeremy Allaire, Co-founder, Chairman and CEO of Circle. “Together, we’re creating a seamless infrastructure that makes it simple to harness the power of stablecoins for payments, treasury operations, and settlement.”
Stablecoins like USDC are redefining how money moves – near-instant, programmable, and borderless – opening the door for institutions to create new value and deepen client relationships as we step into a new future in finance.
Financial institutions are under pressure to launch new stablecoin-based products at speed while meeting security and compliance requirements, to access diverse liquidity providers to serve customer settlement and pricing needs, and to do so while navigating an evolving landscape of regulatory, operational, and technological demands. The collaboration between Circle and Fireblocks can provide the infrastructure to meet these challenges head-on, enabling institutions to bring custody, tokenization, and stablecoin payments into production with confidence.
Through the integration, Fireblocks customers will gain seamless access to Circle’s stablecoins and products, including Circle Gateway, a new crosschain primitive that enables a unified USDC balance for instant crosschain liquidity across supported chains to deliver a seamless user experience.
All integrations will be underpinned by Arc, a new open Layer-1, enterprise-grade blockchain purpose-built for stablecoin finance. With Fireblocks’ early support for Arc, thousands of institutions will be able to securely build, deploy, and transact on programmable money rails.
The collaboration follows the announcement of Fireblocks Network for Payments, an initiative connecting payment providers, banks, fintechs, and other organization with trusted access, liquidity, and compliance required for stablecoin payments and the recent launch of Circle Payments Network (CPN) an innovative platform for financial institutions to use stablecoins for global payments. The interoperability of Fireblocks Network and Circle Payments Network will provide a unified experience for financial institutions that span treasury management solutions across cross border, merchant and retail use cases.
