Abra Expands Partnership with Fireblocks to Automate Custody for Strategy Tokens Under NYDFS Regulations

Abra, a cryptocurrency asset management platform, announced an expansion of its partnership with Fireblocks to ensure that newly issued strategy tokens are automatically routed to custodial systems regulated by the New York State Department of Financial Services (NYDFS). According to CryptoBriefing, this move enables the introduction of a new type of digital asset product—strategy tokens—within a compliant custody structure. Strategy tokens are synthetic assets wrapped in smart contracts designed to execute predefined trading strategies on behalf of token holders to generate profits.