Fireblocks expands in South Korea to support stablecoin use

3 min read

Fireblocks, a digital asset infrastructure provider founded in 2018, said it has opened a local team in South Korea and is working with large banks such as NongHyup Bank and Shinhan Bank to support stablecoin use, tokenization and on-chain settlement. The company supports more than 2,400 organizations globally, including over 100 banks, and reported that stablecoins accounted for more than 65 percent of value transferred across its network in the past 12 months. Fireblocks aims to add about 400–600 clients and raise transaction volume to as much as US$7 trillion by year end.

Fireblocks aims for up to $7 trillion transaction volume this year