Nubank Partners with Fireblocks to Enhance Crypto Experience and Expand Real Digital Project
Nubank has announced a partnership with Fireblocks which is a digital asset infrastructure provider. The collaboration seeks to develop Nubank's own custody service and expand the Real Digital pilot project . Nubank Crypto's leader Thomaz Fortes has put emphasis on the bank's commitment to security through proprietary custody as the decisive factor in closing the deal.
Nubank has announced a partnership with Fireblocks which is a digital asset infrastructure provider. The collaboration seeks to develop Nubank’s own custody service and expand the Real Digital pilot project . Nubank Crypto’s leader Thomaz Fortes has put emphasis on the bank’s commitment to security through proprietary custody as the decisive factor in closing the deal.
Empowering Retail Investors with Security
The partnership between Nubank and Fireblocks is expected to improve security for retail investors. The former head of FTX in Latin America and founder of Vega Crypto Antonio Neto highlighted the importance of this collaboration in reducing fear among retail investors when investing in crypto assets. He also noted that Nubank’s association with Fireblocks demonstrates self-regulation and good practices particularly in anticipation of the Asset Segregation rule that is yet to be approved .
Real Digital and Blockchain Education
The implementation of Real Digital will enable a large user base to understand blockchain technology beyond its speculative aspects. Thomaz highlighted the importance of showing customers the underlying technology and empowering them to have control over their financial lives . Nubank has increased its team working on the Real Digital pilot project and is actively investing in research to explore new blockchain solutions in the future.
Embracing the Potential of Cryptocurrencies
Fireblocks co-founder and CEO Michael Shaulov expressed excitement about the partnership and stressed how Latin America including Brazil is embracing the potential of cryptocurrencies and digital assets . By integrating Fireblocks into its platform Nubank aims to deliver innovative solutions to its customers.
Enhanced Settlement and Liquidity
With the help of the collaboration Nubank will make use of the Fireblocks Network to make it possible for purchases and sales on Nubank Cripto to be settled . Access to a group of licensed financial institutions that have integrated digital assets on the blockchain will be made possible via this link. By adhering to best governance principles the partnership will boost liquidity partners, provide safer and more efficient settlement of crypto asset transactions and increase liquidity partners.
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