Fireblocks Extends Full Support for Tezos, Increasing Institutional Access to DeFi and Web3 Ecosystem
Fireblocks, a leading platform for secure digital asset management, has recently announced its support for Tezos, a scalable and energy-efficient public blockchain. This integration enables Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.
With this development, a wide range of digital asset and crypto capital market participants can securely handle their Tezos assets from their Fireblocks Wallet, opening up opportunities to connect with the growing ecosystem of Decentralized Finance (DeFi) and Web3 applications on Tezos.
The integration between Fireblocks and Tezos has been welcomed by industry experts. Michael Mendes, head of DeFi partnerships at Trilitech, an adoption hub for the Tezos blockchain, commented on the collaboration, emphasizing Fireblocks’ expertise in enterprise-grade non-custodial and infrastructure solutions. Mendes also noted that this integration allows institutional players to access Tezos dApps and tokens with minimal effort.
Tezos has seen significant growth in its DeFi protocols, with the total value locked doubling in the past year and the market cap increasing by over 55%. The recent network upgrades and efforts to enhance scalability have also resulted in the Tezos blockchain surpassing one million transactions per second. This progress has attracted notable brands such as McLaren Racing, Ubisoft, and Manchester United to build within the Tezos ecosystem.
Omer Amsel, Head of Web3 at Fireblocks, highlighted the company’s commitment to supporting the blockchain developer community and empowering innovation in DeFi and Web3 by adding Tezos support. This integration aligns with Fireblocks’ mission to enable the development of new products and services that harness the capabilities of blockchain technology.
In addition to supporting Tezos, Fireblocks offers its institutional customers and developers access to the industry-leading MPC-CMP custody technology. Users can connect across major blockchain networks directly from the Fireblocks console and utilize the Web3 engine to create, secure, and manage diverse Web3 applications, games, and experiences. This comprehensive platform management contributes to the streamlined development and operations of smart contracts and Web3 treasury, enabling the creation of direct-custody wallets for end-users and secure management of smart contract operations.
Fireblocks’ support for Tezos further strengthens its position in the blockchain industry and provides customers and developers with opportunities to actively engage with the Tezos blockchain. As the adoption of blockchain technology and cryptocurrencies continues to grow, collaborations like this between Fireblocks and Tezos will play a crucial role in driving innovation and expanding the capabilities of decentralized finance and web applications.
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