“Digital assets are becoming an increasingly important part of how investors diversify their portfolios, reflecting the way global markets are evolving. By working with technology providers within the industry, we can integrate new capabilities that expand access for our clients while ensuring their investing journey remains seamless and transparent,” says Echo Zhao, country head of Moomoo Singapore.
The online brokerage is leveraging its Capital Markets Services and Major Payment Institution licences from the Monetary Authority of Singapore (MAS) to grow its cryptocurrency product suite. Through the collaboration with Fireblocks, Moomoo Singapore has enabled instant wallet creation and faster transaction execution. These enhancements are designed to support its expanding user base, which surpassed 1.5 million in July, and growing trading volumes.
Fireblocks’ WaaS solution combines multi-party computation cryptography with secure hardware to provide multi-layered protection against cyberattacks, collusion and human error while scaling digital-asset operations.
“As digital assets continue to gain traction with retail investors, trading platforms like Moomoo require enterprise-grade infrastructure they can rely on. By integrating Fireblocks’ wallets into its platform, Moomoo is not only enhancing the security of its digital asset offerings, but also unlocking the ability to innovate and scale its offerings with confidence,” says Amy Zhang, head of Apac at Fireblocks.
See also: Terraform Labs co-founder says five years in prison enough for crypto fraud
This partnership brings institutional-grade infrastructure to retail investors as cryptocurrency trading gains mainstream momentum. By equipping users with the same level of security and reliability trusted by global financial institutions, Fireblocks and Moomoo aim to enable investors to trade digital assets with greater confidence and ease.
