Elwood integrates Fireblocks to further connect digital asset ecosystem
“As a first port of call, the integration of Fireblocks will enhance the portfolio management system experience for clients, providing users with a comprehensive view of their current and historical digital asset positions across all venues, including their Fireblocks movements and balances.”
Elwood has integrated Fireblocks to enhance the portfolio management system experience for clients, providing users with a comprehensive view of their current and historical digital asset positions across all venues.
The integration connects Fireblocks’ digital asset custody, transfer, and settlement technology to the London-based provider of end-to-end OEMS and PMS digital asset platforms.
Providing a single point of entry to digital assets trading
The deployment is intended to further streamline the ability for clients to seamlessly view their movements and balances on Fireblocks directly on Elwood’s portfolio management system. The firms have plans to further integrate Elwood’s order execution management system.
James Stickland, CEO of Elwood Technologies, said: “We are thrilled to integrate Fireblocks into our platform. Financial institutions are increasingly looking to provide transparency and trust, of which Fireblocks has proven to be a reliable and secure solution. Driven by client demand, we are confident this latest enhancement will continue to increase the adoption of this new asset class, and we look forward to extending our partnership with Fireblocks.”
Stephen Richardson, SVP of Financial Markets at Fireblocks, commented: “We are delighted to be working with Elwood, who are connecting a fragmented ecosystem by providing a single point of entry to digital assets trading. As a first port of call, the integration of Fireblocks will enhance the portfolio management system experience for clients, providing users with a comprehensive view of their current and historical digital asset positions across all venues, including their Fireblocks movements and balances. We look forward to further integration with Elwood’s order execution management system in the near future.”
Elwood rollout several Risk Management tools last month
The integration of Fireblocks into Elwood’s institutional platform comes on the heels of the latter’s rollout of several advanced Risk Management tools last month, further improving institutional investors’ digital asset management experience.
The advanced Risk Management Technology already deployed across select institutional Elwood clients provides significant new functionality within the PMS, offering clients the tools to perform Live Position and Exposure tracking, Advanced Risk Analytics, Reporting and Collateral Monitoring.
The Live Position and Exposure tracking feature combines all CeFi, OTC, and DeFi exposures in a single dashboard and details Live PnL and Risk (first and second order) per portfolio across all venues. The Advanced Risk Analytics tool, built on top of 20-year battle-tested quant models, provides a derivative valuation tool and the ability for clients to perform Scenario Analysis by simulating the portfolio’s spot and volatility shocks.
The reporting tool offers daily risk, P&L and accounting reports, including VaR calculation and What-If scenarios. Finally, the Collateral Monitoring tool allows users to monitor margin across all exchanges and set bespoke limits and alerts.
Elwood provides connectivity to international crypto exchanges, risk management and reconciliation tooling, and market data.
Fireblocks helps exchanges, lending desks, custodians, banks, trading desks, and hedge funds to move, store, and issue digital assets. Their operation can easily be scaled through the Fireblocks Network and MPC-based Wallet Infrastructure. The company already serves over 1,800 institutions and its insurance policy covers assets in storage and transit.