World’s First End-to-End Seized Asset Solution Integrates Fireblocks
Asset Reality, the only platform in the world that provides an end-to-end seized asset solution, announces its integration with Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. The integration will enhance Asset Reality’s seized asset management platform with a greater range of custody options for the digital assets stored within its solution.
Asset Reality’s platform – which replaces spreadsheets and legacy IT systems for government agencies and private companies – will leverage Fireblocks’ multi-party computation (MPC-CMP) technology, alongside advanced encryption techniques and real-time threat monitoring. This consolidation will equip users with a battle-tested infrastructure that guarantees private keys and API credentials remain completely secure, even in the face of sophisticated cyber threats.
Asset Reality is the latest leading enterprise to integrate with Fireblocks’ industry-leading platform, which is used by thousands of prominent financial institutions around the world, including BNY Mellon, BNP Paribas and ABN AMRO.
Fireblocks has a proven track record of deploying over 130 million wallets and having successfully secured assets for more than 1,800 customers, making them one of the most reliable solutions in the market. They were the first company in the world to achieve a Cryptocurrency Security Standard (CCSS) Qualified Service Provider Level 3 certification and have successfully secured the transfer of over US$4 trillion in digital assets.
Aidan Larkin, co-founder and CEO of Asset Reality, says: “The Financial Action Task Force’s (FATF) new standards for asset recovery have built serious momentum. This is just the beginning of an overhaul of the underperforming asset recovery sector, as there will be greater accountability of how governments operate to take the profits out of crime. And, Asset Reality’s integration with Fireblocks will ultimately help government agencies and private companies respond to these new requirements.
These organisations have distinct requirements, so it’s key that our seized asset management platform has a diverse range of custody options available – regardless of the unique circumstances of each individual case. As such, we are delighted to add Fireblocks to the range of custody options available on our platform. Fireblocks has already secured the transfer of over US$4 trillion in digital assets and is utilised by some of the biggest financial institutions globally, including BNY Mellon, BNP Paribas and ABN AMRO, which is a strong endorsement of their credentials in this space. Adding them to our solution ensures users have access to world-leading security solutions.
Stephen Richardson, Managing Director, Financial Markets at Fireblocks, commented: “Fireblocks is delighted to work with Asset Reality by providing our enterprise-grade multi-layer security technology to ensure that seized assets are also appropriately safeguarded. This includes providing a zero counterparty risk environment, as well as eliminating internal and external attack vectors so that Asset Reality’s users, including government and law enforcement agencies, can effectively recover and manage seized assets.”
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