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  • 2024-12-17

    Redbelly Network Announces Integration with Fireblocks

    Redbelly Network is excited to announce that it has integrated Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. Redbelly Network is the world’s fastest-growing solution for asset issuers seeking compliant asset tokenisation and has already secured USD$73.8 billion worth of on-chain assets.

    Fireblocks brings its enterprise-grade digital asset infrastructure, trusted by some of the world’s most renowned financial institutions including ANZ Bank, BNY Mellon and BNP Paribas, to safeguard digital assets from current and evolving threats. Its multi-layer security technology combines the latest breakthroughs in Multi-Party Computation (MPC) cryptography with hardware isolation, delivering the most impenetrable system on the market. The Fireblocks platform offers unparalleled security and ease of use for institutions engaging in digital asset transactions.

    Redbelly Network is focused on enhancing compliant policies and internal controls for institutions dealing with high-value regulated assets. By integrating Fireblocks, Redbelly Network extends its compliant asset tokenisation solution with Fireblocks’ robust security framework, reinforcing Redbelly’s commitment to providing compliant asset tokenisation at the execution layer, as well as ensuring businesses can take advantage of comprehensive internal control and compliance management. As a result, institutional clients can benefit from secure and compliant access to high-value tokenised structured products across the Redbelly Network.

    "We are thrilled to be working with Fireblocks, the market leader in digital asset management, enabling thousands of institutions to compliantly manage digital assets within the Redbelly ecosystem," stated Alan Burt, Chairman of Redbelly Network. "This integration marks an important step towards providing a secure and scalable wallet solution for institutions engaging in asset tokenisation, specifically designed to meet the stringent requirements of regulated markets."

    Idan Ofrat, Chief Product Officer and Co-founder at Fireblocks, commented, “Fireblocks has consistently led the way in providing the most extensive range of blockchain support on the market. With a growing list of over 80 supported blockchains, Fireblocks enables our customers to securely custody tokens on the latest chains and quickly build innovative services for their customers. By integrating Redbelly Network, Fireblocks provides access to the world's first public and purpose-built real-world asset tokenisation network, with user accountability and identity built at its core.”

    Fireblocks’ platform accelerates Redbelly Network’s goal of liberating the assets contained within TradFi walled gardens and providing a channel of convergence with the Web3 digital economy.

    ENDS

    Redbelly Network 
    Redbelly Network is the world’s first formally verified blockchain, developed at the University of Sydney in collaboration with CSIRO, the Australian National Science Agency. 
    Redbelly enables RWA asset issuers to tokenise and trade compliant on-chain structured products. 
    Redbelly Network integrates full user identity and accountability at the transaction layer, protecting user PII with zero-knowledge proofs (ZKP) and verifiable credentials. This ensures proper licensing, jurisdiction compliance, and eliminates the need for repetitive KYC processes. Compliance is automatically enforced and customizable by asset class and jurisdiction, removing the need for offline registries and paper-based checks. 
    Redbelly enables asset issuers to build digital registries, creating a single source of truth for entire asset classes on-chain and facilitating the creation of new structured financial products from tokenized assets. We work with asset issuers who have established network effects and assets, reducing issuer risk by promoting accountability and ensuring clean liquidity by default. 
    Redbelly Network was granted Patent #12093247 in the United States. 
    www.redbelly.network 
     

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