BlockQuake Taps Fireblocks Network and Wallet Infrastructure To Secure Customers' Assets at Launch

Delivering faster and more secure trade execution and settlement flows

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Jun 18, 2020, 09:00 ET

NEW YORK, June 18, 2020 /PRNewswire/ -- Fireblocks (www.fireblocks.com), an institutional platform for storing, transferring, and issuing digital assets, announced today it will be supporting BlockQuake, a regulatory-driven digital asset exchange upon its upcoming launch. BlockQuake will utilize Fireblocks' unique MPC-based wallet infrastructure to advance its exchange operations increasing the speed at which customers can access and withdraw funds. BlockQuake will also join the Fireblocks Network, in order to connect with some of the largest financial institutions and exchanges.

"We are proud to partner with Fireblocks as a solution to the increasing demands for wallet security," says Antonio Brasse, CEO, and Co-Founder of BlockQuake. "Fireblocks was created by some of the best technologists that we have encountered in the cryptocurrency space. Like BlockQuake, they also strive for regulatory compliance. Our partnership with the Ernst & Young certified platform ensures that our users' assets are always safe when trading in real-time, no matter the size of the investment."

Fireblocks also aligns with BlockQuake on its focus on regulatory compliance, performance, and security. Its addition to the BlockQuake Exchange will bring traders a highly trusted and secure trading platform that is more equipped to handle peak trading volume.

Upon launch, BlockQuake's centralized exchange plans to provide traders with six fiat on-ramps, seven cryptocurrencies, and seven stable coins. With the goal of providing traders with the greatest number of options on a single platform, it plans to continuously onboard additional fiats, cryptocurrencies, and other digital assets.

The BlockQuake Exchange will allow traders from over 140 countries to deposit funds via their credit/debit card and feature a trading fee of .2% for both makers-takers and no fees for withdrawals. It will also increase accessibility to retail and institutional traders through accepting corporate, retirement, and trust accounts. Towards being an industry-standard in global compliance, BlockQuake has partnered with qualified custodian Prime Trust and applied for a New York State BitLicense, currently pending approval.

"By integrating Fireblocks, the BlockQuake platform is able to launch with an infrastructure that can scale securely," said Michael Shaulov, CEO and Co-Founder of Fireblocks.

About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. They have secured the transfer of over $30 billion in digital assets and have a unique insurance policy that covers assets in storage & in transit. For more information, please visit www.fireblocks.com.

About BlockQuake
New York City FinTech startup BlockQuake™ is a regulatory-driven, one-stop-shop digital asset trading platform that will support 6 fiat currencies (USD, CAD, GBP, EUR, JPY, AUD) at launch, as well as major cryptocurrencies and stablecoins (e.g. BTC, BCH, ETH, LTC, XRP, XLM, ETC, TUSD, USDT), representing over 90% of the existing markets. Created by a team with over 100 years of collective experience in blue-chip financial services, the BlockQuake™ Exchange aims to be an industry-standard in global compliance. For more information, please visit https://www.blockquake.com/.

SOURCE Fireblocks