Threats to digital asset security are constantly evolving. That’s why having a robust disaster recovery (DR) plan is a necessity for institutions in this space. Ensuring business continuity and safeguarding against potential disruptions is paramount when it comes to maintaining trust, integrity, and the seamless operation of services. Counterparty risk continues to be a primary concern for institutional digital asset investors.

In any retail-facing crypto business, the withdrawal process is one of the most critical and active functions. Users rely on it to move their funds swiftly and securely, whether they’re making a purchase, sending money to a friend, or transferring assets to another account. When users deposit money into your crypto application, they expect to access and withdraw their funds easily whenever they need them.

There are new generation of attack threats that AI has made much more dangerous (e.g. phishing, deep-fake schemes, and other AI-based attacks). There are also new crypto-related threats to be aware of, including attacks based on smart contract vulnerabilities, threats against exchanges, logic flaws, and more.

Axelar is a Web3 interoperability platform designed to connect various blockchains. Its technology facilitates multichain applications that span different networks, aiming to address scalability challenges that can hinder development and integration. AXL, a proof-of-stake token, makes it possible for this infrastructure to operate at the highest, most decentralized standard of security.

Fireblocks Off Exchange enables businesses across the world to trade on centralized exchanges without introducing counterparty risk. Today, we’re proud to share that Bybit is the newest exchange to integrate with Off Exchange. Bybit, a crypto exchange ranked the second-largest in the world, joins Deribit, with further integrations to follow. These include BIT, Bitget, Coinhako, Gate.io, One Trading, and OKX.

HTX is the latest global exchange to integrate with Fireblocks Off Exchange, a first-of-its-kind solution that enables trading firms and asset managers to mitigate counterparty risk while trading on centralized exchanges. Through integrating with Off Exchange, HTX looks to strengthen their digital asset security, streamline global compliance operations, and create a better virtual asset trading experience for their users.

Sygnum, a global digital asset banking group founded in Switzerland, is launching Sygnum Connect – their new, 24/7 instant settlement network for fiat, digital assets, and stablecoin transactions. Aimed at institutional investors, liquidity providers, stablecoin issuers, brokers, exchanges, and more, Sygnum Connect launches with connectivity to 200+ Sygnum institutional clients. Sygnum has tapped Fireblocks to provide the fiat settlement infrastructure for Connect.

Blockchain technology is making a significant impact in the payments sector. Some of the largest names in the industry are utilizing blockchain, including the likes of: As top-tier organizations like these continue to launch blockchain initiatives, it’s become clear that blockchain can facilitate the movement of value in the same way SWIFT, SEPA, and FedNow can, and can even be more efficient than traditional rails at times.