Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » News » Fireblocks, Astar Network Pair Up to Drive Institutional Crypto Access

Fireblocks, Astar Network Pair Up to Drive Institutional Crypto Access

by

The partnership aims to secure and simplify institutional investors’ entry into the digital assets space, leveraging Fireblocks' advanced technology.

Fireblocks, Astar Network Pair Up to Drive Institutional Crypto Access

Share this article

Fireblocks, an institutional-grade platform for adopting digital assets, has partnered with Astar Network, a platform compatible with Ethereum Virtual Machine (EVM) and WebAssembly (Wasm). Through this partnership, digital assets and DeFi could open up to more than 650 banking and institutional entities worldwide.

With Fireblocks, institutional investors such as banks, hedge funds, exchanges, and OTC traders can access and manage their digital assets on Astar. The partnership also allows these institutions to employ Fireblocks’ multiparty computation technology-based wallet infrastructure for reaching Astar’s assets, including the top-rated Astar-based DeFi protocol, ArthSwap.

“Fireblocks has always focused on facilitating institutional adoption in the digital assets industry,” commented Stephen Richardson, managing director, financial markets and head of APAC of Fireblocks.

Astar’s interoperability lets users engage with DApps on both Ethereum and Polkadot ecosystems. The Fireblocks integration will allow institutional investors keen on adding digital assets to their portfolios to access functionalities like trading, swaps and digital assets lending on the Astar platform:

“Its multiparty computation technology has earned it clients from traditional finance, such as BNY Mellon, ANZ Bank and NAB, as well as Japanese trading platforms, including CoinTrade.”

Maarten Henskens, CEO of Astar Foundation, remarked, “We’re looking forward to leveraging this integration to enhance adoption while giving institutions looking to build on Astar a secure and robust way to safeguard their digital assets.”

The partnership was celebrated at the WebX event in Tokyo, where over 200 attendees, including VCs and Web3 founders, were present.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.