Demonstration Experiment Completed for Economic Security-Compliant Digital Asset Management Solution for Domestic Financial Institutions, Integrating Domestic Hardware Wallet "AndGo Wallet" with Fireblocks

Digital Asset Markets Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Kazuya Nishimoto; hereinafter "the Company"), Intertrade Co., Ltd., a software house for financial institutions (Headquarters: Chuo-ku, Tokyo; TSE Standard: 3747; Representative Director: Kazuya Nishimoto; hereinafter "Intertrade"), and AndGo Co., Ltd. (Headquarters: Taito-ku, Tokyo; Representative Director: Toshihide Hara; hereinafter "AndGo") have completed a demonstration experiment for an economic security-compliant digital asset management solution for financial institutions, integrating the domestic hardware wallet "AndGo Wallet," which has extensive usage実績 (track record) at domestic crypto asset exchanges, with the digital asset infrastructure "Fireblocks" provided by Fireblocks Pte. Ltd. (Headquarters: New York; CEO: Michael Shaulov; hereinafter "Fireblocks"), and confirmed its technical feasibility.

Overview of the Demonstration Experiment

In this demonstration experiment, we leveraged Fireblocks Key Link, a solution that integrates new or existing HSM-based key management solutions into the Fireblocks platform, enabling full utilization of Fireblocks' advanced wallet functions while maintaining existing infrastructure. By integrating the domestic hardware wallet AndGo Wallet, which has extensive usage実績 (track record) among domestic companies, we conducted technical verification on achieving both in-house management of digital asset key infrastructure, as required by financial institutions, and the utilization of global standard asset management functions, confirming its technical feasibility.

Challenges Solved and Significance of AndGo Wallet's Fireblocks Integration

We provide a comprehensive solution by integrating Fireblocks with the AndGo Wallet, a domestic hardware wallet with extensive track record among domestic companies, to address the following challenges faced by Japanese financial institutions.

Challenges Faced by Financial Institutions

Operational Challenges

Concerns regarding the management location and administrators of key management when using global standard digital asset infrastructure.

Difficulty in balancing advanced asset management functions with self-custody of digital assets.

Technical integration challenges between Japanese regulatory requirements and global standard digital asset infrastructure.

Economic Security Challenges

Supply chain risks in critical financial infrastructure.

Risk of dependence on overseas systems for digital asset key management.

Solutions and Significance of AndGo Wallet's Fireblocks Integration

In-house management of digital asset key management

Management of digital asset keys within the AndGo Wallet physically owned by financial institutions.

Establishment of technological sovereignty through a domestic hardware wallet with extensive track record among domestic companies.

Compatibility with global standard utilization

Continued use of Fireblocks' advanced policy control and workflows.

Fusion of the domestic hardware wallet AndGo Wallet with Fireblocks' digital asset infrastructure, which has extensive track record in various countries worldwide.

Realization of secure global standard digital asset management with reduced overseas dependence.

Response to economic security

Strengthening the autonomy of critical infrastructure and improving financial security at a national level.

Building international competitiveness through Japanese financial security technology.

Establishment of technological superiority in the field of economic security.

Verification Results of the Demonstration Experiment

In this demonstration experiment, the following requirements using AndGo Wallet were confirmed.

Integration Functionality

Cooperative operation of Fireblocks Key Link and AndGo Wallet.

Generation, storage, and operation of private keys within the AndGo Wallet.

Normal connection with Fireblocks' digital asset network, which is the global standard for stablecoin payment orchestration, crypto asset trading, and connectivity to the entire digital asset ecosystem.

Maintenance of compatibility with existing systems.

Policy Control

Full inheritance of Fireblocks platform's governance workflow.

Linkage with the policy engine via Fireblocks Key Link.

Normal operation of the approval process.

Security

Utilization of AndGo Wallet's security features.

Establishment of secure communication via Fireblocks Key Link.

Maintenance of security level in the integrated environment.

Economic Security Compliance

Ensuring technological sovereignty through domestic wallet technology.

Mitigation of overseas dependence risk.

Ensuring autonomy as critical infrastructure.

Future Developments

Intertrade

We will proceed with commercialization as a digital asset financial solution for financial institutions. To support financial institutions' digital asset businesses utilizing crypto assets and stablecoins, we will deploy consistent solutions from technical integration to operational support.

Digital Asset Markets

Our own digital asse