Chainlink News: Accelerating Regulated Stablecoin Issuance with Fireblocks

Chainlink and Fireblocks have joined forces to provide a secure and compliant technology solution for financial institutions, such as banks. This partnership will allow institutions to issue and transact stablecoins efficiently in global markets, featuring end-to-end tokenization capabilities for stablecoin issuers.

Partnership Overview

Chainlink and Fireblocks are setting a new standard for stablecoin issuance that encompasses a comprehensive tokenization engine. This facilitates the secure minting, custody, distribution, and management of tokenized assets.

Advanced Features

The collaboration includes powerful features such as:

• Data Coordination
• Connectivity
• Compliance
• Custody
• Interoperability
• Liquidity Distribution

These capabilities provide financial institutions issuing agents with a complete overview of stablecoins, including their reserves, market value, and total supply across different blockchains.

Successful Stablecoin Launch

Both Fireblocks and Chainlink played vital roles in the launch of the COPW stablecoin in July. This initiative is part of Bancolombia Group's efforts to enhance the transparency of its 1:1 peso-backed stablecoin, as mentioned in an official press release.