Moomoo, a global trading platform, has partnered with Fireblocks to integrate Fireblocks' Wallets-as-a-Service (WaaS) infrastructure into its platform in Singapore, aiming to enhance digital asset security, scalability, and compliance with local regulations. The integration, targeted for completion by the end of 2025, will connect Moomoo Singapore to the Fireblocks Network, providing access to over 2,400 exchanges, fintech firms, banks, and liquidity partners, which has supported more than $10 trillion in cumulative transaction volume.
This strategic move is designed to improve operational efficiency, offer instant wallet creation, and enable faster transaction execution to support a growing user base and rising trading volumes. The collaboration aligns with Singapore's regulatory framework, including Capital Markets Services and Major Payment Institution licenses from the Monetary Authority of Singapore. Amy Zhang, Head of APAC at Fireblocks, stated, "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."
Historical data from similar integrations, such as those by exchanges like Binance, has shown positive outcomes, including improved transaction volumes and user trust. The partnership is expected to boost Moomoo's competitive edge in the crowded crypto market by increasing liquidity access and enabling quicker rollout of crypto features within a regulated environment.