Abra expands Fireblocks partnership for qualified custody of strategy tokens
- —Abra strategy tokens are synthetic assets in smart contracts with predefined trading strategies
- —Custodian is Fireblocks Trust Company under NYDFS supervision, keys stored using MPC technology
- —Tokens are placed in separate managed accounts (SMA) of clients
- —A limited set of tokens is supported at launch, with the list to be expanded
Why it matters: Automatic placement of tokens with a regulated custodian at issuance sets a standard for institutional yield instruments in tokenized finance.
Source: Crypto Briefing