Fireblocks Inc., the world’s leading crypto and digital asset platform for institutions, and Tesseract Group Oy, today announced Tesseract becoming an official member of the Fireblocks Network, further strengthening its position as a market forerunner in the digital asset management space.
By joining forces, Fireblocks customers have direct and instant access to new technology-enabled yield solution providers with a new global player, and Tesseract gains access to a much larger pool of lenders looking for such solutions from a trustworthy provider.
“Improving access to liquidity and connecting the crypto capital markets ecosystem is the cornerstone of the Fireblocks Network. We are thrilled to welcome Tesseract to the Fireblocks Network as one of the first regulated entities in the European Union offering digital asset yield products. Now over 1000 global organizations have instant and secure access to their suite of yield products through the Fireblocks Network,” said Stephen Richardson, VP of Product Strategy, Fireblocks.
Tesseract provides tools to investors and borrowers in the digital asset space. The company enables owners of digital assets to earn yield with a suite of yield products safeguarded by a proprietary risk engine; simultaneously, they extend credit in digital assets with an innovative lending strategy that streamlines processes and increases trust between them parties.
Supervised by the Finnish Financial Supervisory Authority (the same authority supervising the largest banks in Northern Europe), Tesseract was among the first companies to obtain a 5AMLD virtual asset service provider license in the European Union.
Tesseract aims to promote trust and transparency in the digital asset industry by promoting active dialogue with regulators and adhering to the highest standards of national and international financial regulation.
For more information, please reach out to Tesseract’s Head of Marketing, Fito Benitez, at fito(a)tesseractinvestment.com or on LinkedIn
For more announcements, company news, and product updates, please follow us on LinkedIn. If interested in digital asset management articles, check our blog.