Key Takeaways
- Fireblocks Trust Company chosen by Bakkt, Galaxy, FalconX and Castle Island for regulated crypto custody.
- Fireblocks services cover ETFs, treasuries, lending, staking and protocol custody for institutional clients.
- Operating under New York trust law, Fireblocks links 2,400+ institutions through its secure network.
- The partnership signals a move toward unified, one-stop digital asset infrastructure for institutions.
Fireblocks Trust Company, the New York State-regulated subsidiary of digital asset technology firm Fireblocks, said on Wednesday it has been selected by Bakkt, Galaxy, FalconX, and Castle Island Ventures to provide qualified crypto custody as institutional demand for regulated digital asset infrastructure grows.
Under the agreements, Fireblocks Trust Company will provide regulated custody for institutional clients, with ETFs, digital treasuries, protocol launches and lending among the areas it supports.
The firm also provides support for regulated staking, collateral management, and token generation events, areas where foundations and protocols are required to meet compliance standards before distributing tokens.
The move comes as asset managers and crypto firms prepare for greater U.S. regulatory oversight of custody practices and a potential expansion of digital asset ETFs. By connecting directly with the wider Fireblocks platform and its network of more than 2,400 institutions, Fireblocks Trust Company said it offers a custody framework combining cold-storage security with regulatory and operational controls.
“Regulated custody is now a catalyst for institutions moving beyond early implementation toward true adoption of digital assets,” said Adam Levine, Chief Executive Officer of Fireblocks Trust Company.
Executives from partner firms echoed that view, citing regulatory assurance and operational simplicity as key factors in choosing Fireblocks. Castle Island Ventures’ Matt Walsh said compliance and security remain “non-negotiable” for institutional investors, while Galaxy’s Andrew Taubman noted that Fireblocks strengthens its custody network.
Furthermore, Bakkt’s Nicholas Baes called the custodian “a pivotal element” in its regulated trading ecosystem, and FalconX’s Ben Dapkiewicz said qualified custody is essential for firms linking traditional finance with digital assets.
What to Expect From This Partnership with Fireblocks
Founded in 2018, Fireblocks develops technology used by financial institutions to store, transfer and manage digital assets. Its platform supports more than 1,800 tokens and serves banks, asset managers, fintech companies and crypto-native businesses globally. Meanwhile, the company’s regulated arm, Fireblocks Trust Company, operates under New York State trust law and connects directly to the Fireblocks Network, a settlement layer that enables large-scale institutional digital asset transfers.
Institutional clients working with Fireblocks Trust Company can expect a more streamlined path to deploying regulated digital asset strategies, covering areas such as exchange-traded funds (ETFs), digital treasuries, protocol launches, lending, staking, and collateral management.
For clients, the integration offers a consistent infrastructure instead of relying on multiple custody and settlement providers. This approach simplifies compliance, strengthens risk management and reduces operational complexity.
More broadly, the partnership signals a shift in how institutions approach digital asset infrastructure. Rather than depending on separate providers for custody, trading and staking, financial firms are moving toward unified platforms that combine these functions within a single regulated environment.
Read More: Rezolve AI Buys Smartpay After $1B in Processed Payments; RZLV Stock Falls to $6.20
