Abra expands Fireblocks partnership for auto-custody of Strategy Tokens

Abra said it expanded its partnership with Fireblocks so newly issued Strategy Tokens can be automatically transferred into a custody system operated by an institution regulated by the New York State Department of Financial Services, according to Crypto Briefing. The move is intended to bring Strategy Tokens, a new type of digital asset product, into a compliant custody framework. Strategy Tokens are smart contract-wrapped synthetic assets designed to execute predefined trading strategies aimed at generating returns on behalf of holders.