Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments, announced a strategic collaboration with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and stablecoin market leader. The collaboration is designed to make it easier and safer for financial institutions to build digital asset offerings.

Circle's stablecoin network will complement Fireblocks' custody and payments infrastructure and network to provide cross-border treasury and tokenized asset settlement. The collaboration is a significant moment for the rapidly growing stablecoin ecosystem by bringing together two leading infrastructure providers and their networks to advance payments onchain.

"Together, Circle and Fireblocks are working to build the trusted rails that enable stablecoin-based finance at a global scale," said Michael Shaulov, Co-founder and CEO of Fireblocks. "By combining Circle's stablecoin expertise with our institutional infrastructure, we're empowering financial institutions to innovate with confidence. Those who move now will set the standard for tomorrow's financial ecosystem."

"The future of money is programmable, and this collaboration with Fireblocks can make that future real for institutions worldwide," said Jeremy Allaire, Co-founder, Chairman and CEO of Circle. "Together, we're creating a seamless infrastructure that makes it simple to harness the power of stablecoins for payments, treasury operations, and settlement."

Stablecoins like USDC are redefining how money moves - near-instant, programmable, and borderless - opening the door for institutions to create new value and deepen client relationships as we step into a new future in finance. Financial institutions are under pressure to launch new stablecoin-based products at speed while meeting security and compliance requirements, to access diverse liquidity providers to serve customer settlement and pricing needs, and to do so while navigating an evolving landscape of regulatory, operational, and technological demands. The collaboration between Circle and Fireblocks can provide the infrastructure to meet these challenges head-on, enabling institutions to bring custody, tokenization, and stablecoin payments into production with confidence.