The French-based fintech Next Generation has chosen Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, to deliver a key component for its platform.
The French company is in the final stages of launching a comprehensive payment ecosystem aimed at bridging traditional finance (TradFi) and digital finance through a unified solution.
The kernel of the payment ecosystem will be a new, fully MiCA-compliant stablecoin, pegged to the EUR.
Fireblocks—a platform serving over 2,000 institutions and securing over 300 million digital wallets—has provided Next Generation with a secure infrastructure for managing crypto wallets and crypto transaction workflows, as well as streamlining all digital asset activities.
As a result, Fireblocks’ custody technology now serves as an important component of the French firm’s IT infrastructure, safeguarding digital asset operations, including wallet security, cryptographic key management, and transaction flows.
“Next Generation is launching an innovative platform that features the core advantages of blockchain technology: speed, costs efficiency, and transparency. Our clients will experience the benefits of managing both digital assets and traditional finance within a unified ecosystem,” said Frank Combay, COO of Next Generation.
“We are excited to leverage Fireblocks’ battle-tested infrastructure and integrate its custody technology into our platform, insuring enterprise-grade security and reliability, particularly for critical payment processing operations. By leveraging tools from an industry-leading digital assets infrastructure company, we enhance our platform’s capabilities while reinforcing our commitment to delivering cutting-edge, secure services.”
Mr. Combay highlighted that the Next Generation platform will incorporate an IBAN-integrated digital wallet as one of the central features.
“The implementation of Fireblocks’ robust solution will serve as an important safeguard, ensuring transactional integrity and elevating the platform’s technical sophistication.”
The COO of Next Generation announced that the ecosystem is now in the pre-launch stage. The EUR-pegged stablecoin is technically ready and audited on the EVM blockchains, pending approval of the regulator before deployment and distribution. The token’s smart contracts have undergone rigorous audits, successfully completed on two leading blockchain platforms.
Recently, the French fintech firm secured $5 million in a funding round led by international investors. This infusion of capital has positioned the company to launch its ecosystem and stablecoin, ensuring a high degree of financial stability and robust token reserve backing.
Last month, Next Generation finalized its acquisition of Lugh Financial Services, a digital asset service provider, from Casino Group, a prominent French multinational retail corporation. The acquisition enabled the firm to carry out transactions with crypto assets. This strategic move strengthened Next Generation’s legal infrastructure as it prepares for its market debut.
Mr. Combay also highlighted the company’s active preparations for the upcoming ecosystem launch, emphasizing the expansion of its network of launch partners. These include prominent cryptocurrency exchanges, payment service providers, and financial institutions.
Prior to the official launch, commitments from global financial institutions have already surpassed $10 million in TVL (total value locked).
“The Next-Generation payment ecosystem, a unified platform enabling financial institutions to seamlessly manage both cryptocurrency and traditional currencies, is poised to become a highly sought-after innovation for businesses of all sizes. By working with Fireblocks, we will further enhance the platform’s reliability, security, and competitive edge in the evolving financial landscape,” said Mr. Combay.