• Fireblocks, an enterprise-grade platform for institutional adoption of digital assets, has integrated with Astar Network, an EVM and WebAssembly (Wasm) compatible smart contracts platform.
• The collaboration could see more than 650 banks and institutional investors use Fireblocks’ technology to access and manage their digital assets, boosting institutional adoption of DeFi on Astar.
• Banks, OTCs, exchanges and hedge funds also have an opportunity to leverage Fireblock’s MPC-based wallet infrastructure to access Astar’s assets.
Fireblocks Partners with Astar Network
Fireblocks , an enterprise-grade platform for institutional adoption of digital assets, has integrated with Astar Network, an EVM and WebAssembly (Wasm) compatible smart contracts platform. This collaboration could see over 650 banks and institutional investors use Fireblocks’ technology to access and manage their digital assets, boosting institutional adoption of DeFi on Astar.
Benefits for Institutional Investors
A star offering a multichain, interoperable environment, the integration with Fireblocks allows users to tap into decentralized applications (dApps) on Ethereum and Polkadot ecosystems. Banks and other institutions looking to diversify with digital assets will also gain access functionality such as trading, swaps and lending of digital assets on the Astar platform.
Celebration Event
To celebrate the successful integration between the two platforms they held a special event in Tokyo that attracted over 200 guests from VCs and Web3 founders including executives from both firms.
Secure Wallet Infrastructure
Institutions leveraging Fireblock’s MPC based wallet infrastructure can now securely access Astars’assets including those found on leading DeFi protocol ArthSwap .
Conclusion
The integration between Fireblocks and Astar Network offers many benefits for banks as well as other institutions looking to diversify their portfolios by investing in crypto or DeFI products . Furthermore , this partnership is likely to increase the overall accessibility of these services which could lead to wider adoption across all sectors .
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