Fintech Giant FIS to Launch Institutional Bitcoin and Cryptocurrency Trading

FIS and Fireblocks have joined forces to provide enterprise-grade Bitcoin and other cryptocurrency asset management services.

6,000 enterprise-class customers will have access to the complete financial suite, including self-hosted wallets and continuous access to a secure delivery network.

According to the FIS survey cited in the press release, 69 percent of institutional investors want to use bitcoin or other cryptocurrencies for asset management.

FIS, the world's largest processing and payments provider, has partnered with Fireblocks, a New York-based cryptocurrency infrastructure company, to offer its full suite of financial services for marketing bitcoin and other cryptocurrencies to clients in its more than 6,000 capital markets, according to a press release issued Wednesday.

"As digital currencies become increasingly commonplace, Nasser Khodri, head of capital markets at capital markets organization FIS, said, "This exciting new arrangement demonstrates our commitment to expanding our digital asset capabilities for our global client base."