Cronos Integrates Fireblocks to Boost Institutional Trading Infrastructure

A strategic integration between Cronos, a non-custodial trading venue and blockchain powered by Crypto.com, and Fireblocks, an enterprise platform for secure digital asset operations, has been announced by Cronos.

By integrating these features, the integration delivers a full suite of capabilities that are necessary for institutional trading activity on Cronos. These capabilities include native custody for tokenized assets on Cronos.

“We are evolving Cronos into a leading global venue for active traders. For retail, this means access to the volatility they demand, whether in equities, sports, or crypto.” said Zain Bacchus, CPO of Cronos Labs. “Fireblocks provides the institutional infrastructure required for market makers and other FIs to connect to Cronos’ market structure.”

More than ten trillion dollars’ worth of digital asset transactions have been secured by Fireblocks, which offers a trusted digital asset infrastructure that is used by hundreds of organizations, including financial institutions, for the purpose of managing digital assets in a secure configuration. As Cronos continues to develop as a premier venue for global markets, the integration of Fireblocks is the most recent significant milestone in this progression.

“Cronos is focused on creating a global venue for trading: stocks, crypto, sports outcomes, and prediction markets,” said Adam Levine, SVP, Head of Corporate Development and Partnerships at Fireblocks. “By connecting secure digital asset operations with a high-performance network, this integration supports a more reliable experience for institutional flow.”

Cronos is a non-custodial trading venue that is powered by Crypto.com, which is one of the biggest exchanges in the world for cryptocurrency, equities, and prediction markets. Cronos is a blockchain-based trading venue that is vertically integrated.

The fundamental architect of the network is Cronos Labs, which is responsible for building both the high-performance infrastructure that underpins the network as well as the essential first-party apps that are the engine that drives the economy. For the purpose of bridging the gap between retail trading and deep onchain liquidity, we place a high priority on providing a unified network experience.

Cronos is able to provide a unified experience for both individual customers and businesses by capitalizing on the spread of Crypto.com’s 150 million users. Here at $CRO, we are working to create a future of onchain marketplaces that is both compliant and efficient, where user engagement and revenue contribute directly back to the cryptocurrency.

As the most trusted digital asset infrastructure firm in the world, Fireblocks gives businesses of all sizes the ability to build, operate, and expand their operations on the blockchain. Our platform is the most scalable and secure in the industry, and it allows us to streamline stablecoin payments, settlement, custody, tokenization, and trading operations. This enables us to facilitate everything from institutional finance to consumer-facing digital experiences across the largest ecosystem of banks, payment providers, stablecoin issuers, exchanges, and custodians. Thousands of companies, including as Worldpay, BNY, Galaxy, and Revolut, have placed their faith in Fireblocks to protect more than ten trillion dollars’ worth of digital asset transactions across more than 150 blockchains.