Fireblocks

What problem does this integration solve?

Without integration, post-trade settlement requires manual transfer initiation, repeated data entry, and separate reconciliation across trading and custody systems. The integration replaces these manual steps with an automated workflow.

What value does Fireblocks add?

• Automated post-trade settlements, including auto-commit flows between counterparties using Fireblocks on FM

• Single point of entry: settlement instructions are created directly on the FM platform based on FM position calculation

What are the prerequisites?

Clients must meet the following conditions:

• Both counterparties have accounts with FM and Fireblocks

• The relevant asset and network are supported by Fireblocks

• Both counterparties are added to the FM profile in Fireblocks

How is the setup completed?

Client A creates a connection using an FM profile ID:

• UAT: 981071d7-fc88-44ee-9565-97abf18ffcfa

• Prod: 8823b522-9725-49c0-ab2f-85cb72c86b72

Alternatively, the client can provide its Fireblocks profile ID and FM team will initiate onboarding.

How to settle via Fireblocks?

1. In the FM platform create a settlement transaction for your Open Position

   
2. Select Fireblocks as the settlement method. This option appears only when:

   1. your Fireblocks setup on FM is complete

   2. your counterparty’s Fireblocks setup on FM is complete

   3. the asset and network are supported by Fireblocks

3. Click 'Create and Continue'. FM will generate the FM transaction and create the corresponding Fireblocks transfer request in your Fireblocks workspace

   
4. Go to your Fireblocks workspace (Web Console or mobile app) and fund the transfer.

   If your workspace uses additional approval policies, complete the approval step as well

   

   
5. Wait for Fireblocks to execute the transfer. Once the transaction receives blockchain confirmation, Fireblocks will update the transfer status to Completed

6. Check the transaction status on the FM platform. FM receives status updates from Fireblocks and will set the FM transaction to Committed once the transfer is finalized

7. Review updated NOP values. FM recalculates and updates Open Positions for both counterparties based on the committed settlement transactions

Which API methods are available?

Supported endpoints include:

• Settlement creation

• Deleting pending settlement instructions

• Transfer status retrieval