Fireblocks, the world’s leading digital asset custodian, has integrated Injective to rapidly accelerate institutional adoption.
Injective is now one of the first ever L1 blockchains to be natively integrated with Fireblocks, opening up new access for Fireblocks global institutional users to directly onboard onto Injective and its broader ecosystem of decentralized applications.
What is Fireblocks?
Fireblocks is the foremost custodian in the digital asset space. Its services include secure storage and transfer of crypto and other digital assets. It works with large institutional clients who are seeking to hold assets in the blockchain space.
It has gained recognition for its advanced security features, which are attractive to big financial institutions whose businesses and reputations are heavily dependent on security and compliance.
Fireblocks is currently trusted by more than 1,800 leading organizations including banks, hedge funds, and financial institutions. To date, it has ensured the safe transfer of more than $4 trillion in digital assets. Its clients include some of the largest banks in the world, including HSBC, BNY Mellon, BNP Paribas, etc. Fireblocks has also raised over $1 Billion to date from major investors globally such as BNY Mellon, Sequoia Capital and Coatue.
What Value Does Fireblocks Bring to Injective?
Fireblocks has selected Injective to be one of the first blockchains to be natively integrated with the platform. This means that institutions can securely hold and access native Injective assets such as INJ more seamlessly than ever before.
“Injective is continuing to spur institutional adoption by providing the only bespoke infrastructure engineered for Web3 finance to thrive. The Fireblocks integration is a major milestone in enabling institutions to onboard onto Injective more rapidly than ever before as they join a new realm of truly on-chain finance,” said Eric Chen, co-founder and CEO of Injective Labs.
Fireblocks is the industry’s leading gateway for institutional onbaording
Furthermore, the Fireblocks integration enables institutional users to safely and securely access Injective’s lightning-fast blockchain along with its plethora of dApps. In turn, major funds and institutions can easily deploy capital and connect to applications throughout the vibrant Injective ecosystem. Fireblocks can now serve as a major gateway into Injective native apps ranging from trading and lending to money markets and more.
Institutional-grade Access to Injective
Today, major institutions across the Web3 landscape are integrated onto Injective with new firms continuing to join the ranks. The integration with Fireblocks provides a major boost for Injective’s institutional adoption efforts and is the latest milestone in further merging the world of traditional finance with DeFi.
Now institutions can access Injective to custody and transfer native Injective assets such as INJ without compromising efficiency or security. Fireblocks users can also directly onboard onto dApps across the Injective ecosystem while retaining necessary compliance standards.
Injective will continue to onboard traditional institutions onto the only L1 built for finance and facilitate their transition to a new world of Web3 finance. The integration with Fireblocks greatly enhances Injective's global presence by offering an unparalleled gateway for institutional access.
About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. They have secured the transfer of over $4 trillion in digital assets and have a unique insurance policy that covers assets in storage & in transit.