MultiBank Group Taps Fireblocks Ahead of $MBG Utility Token Launch

, /PRNewswire/ — Fireblocks, an enterprise platform providing digital asset infrastructure solutions to businesses building on blockchain, and MultiBank, the cryptocurrency exchange arm of MultiBank Group, one of the world’s largest financial derivatives institutions, today announced the broadening of their collaboration with the launch of MultiBank’s $MBG utility token.

Since 2022, MultiBank has leveraged Fireblocks to manage its treasury operations and safeguard customer funds. Now, the exchange will also utilize the Fireblocks Tokenization Engine to support the secure minting, burning, vesting, and automated distribution of its new utility token – designed to offer end users benefits such as discounted trading fees and increased platform utility.

“As we continue to expand our digital asset offerings and serve a growing global client base, having the right infrastructure provider is critical,” said Zak Taher, CEO of MultiBank.i o. “Fireblocks’ end-to-end tokenization platform powers these capabilities through programmable smart contracts and an institutional-grade governance framework – enabling MultiBank to scale its product offerings rapidly, without compromising on security or performance.”

Some of the key benefits provided by the Fireblocks platform include:

Secure Treasury Operations: Safe custody and rapid access to funds across liquidity providers.
Accelerated Token Deployment: Quick time-to-market for the utility token with automated vesting and lifecycle controls.
Operational Efficiency: Reduced development cost and complexity with Fireblocks’ turnkey infrastructure.
Customer Trust: Enhanced market credibility through the use of auditable smart contracts and secure infrastructure.

“We’re excited to deepen our collaboration with MultiBank as they expand their presence in the digital asset ecosystem,” said Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks. “As one of the world’s largest financial derivatives institutions, MultiBank’s move into tokenization signals growing institutional demand for secure, scalable digital asset infrastructure. Fireblocks provides the trusted foundation for this next chapter – offering secure custody, governance, and operational efficiency that enables MultiBank to innovate confidently while meeting the expectations of a global, risk-conscious client base.”

This latest milestone builds on Fireblocks’ commitment to enable secure, scalable, and compliant digital asset innovation for institutions worldwide. With over 2,000 customers and $10 trillion in digital asset transfers secured, Fireblocks continues to be the battle-tested infrastructure provider for the world’s leading banks, exchanges, fintechs, and asset managers.

To learn more about Fireblocks’ tokenization platform, visit: https://www.fireblocks.com/platforms/tokenization/

SOURCE Fireblocks