The new collaboration brings Tezos to the forefront, joining the world’s most extensive institutional digital asset transfer network.
Fireblocks has announced the launch of its comprehensive support for Tezos, a scalable and energy-efficient public blockchain. This development allows 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.
From today, a vast range of digital asset and crypto capital market participants can securely handle their Tezos assets from their Fireblocks Wallet, connecting to the rapidly expanding ecosystem of Decentralized Finance (DeFi) and Web3 applications on Tezos.
Michael Mendes, head of DeFi partnerships at Trilitech, the London-based adoption hub for the Tezos blockchain, remarked on the integration, stating:
“Fireblocks brings an unrivalled expertise in enterprise-grade non-custodial and infrastructure solutions. The integration paves the way for institutional players to access Tezos dApps and tokens and opens projects that are utilising the Fireblocks stack to deploy on Tezos with minimal effort.”
Michael Mendes – Head of DeFi Partnerships at Trilitech
The total value locked in Tezos’ DeFi protocols has seen a significant increase, doubling in the past year, and the market cap has grown by over 55%. The Tezos blockchain has also surpassed one million transactions per second, following recent network upgrades and a concentrated effort to enhance the scalability of Smart Rollups.
This advancement in technology and infrastructure has attracted numerous projects to build within the Tezos ecosystem, including notable brands such as McLaren Racing, Ubisoft, and Manchester United.
“By adding Tezos support on Fireblocks, we further solidify our commitment to supporting the blockchain developer community and empowering innovation in DeFi and Web3”
Omer Amsel, Head of Web3 at Fireblocks.
This integration emphasizes Fireblocks’ mission to enable the development of new products and services that harness the capabilities of blockchain technology, providing opportunities for customers and developers to more actively engage with the Tezos blockchain.
Fireblocks’ support for Tezos includes enabling its institutional customers and developers to access the industry-leading MPC-CMP custody technology. Users can connect across major blockchain networks directly from the Fireblocks console and employ Fireblocks’ Web3 engine to create, secure, and manage diverse Web3 applications, games, and experiences.
This comprehensive platform management contributes significantly to the streamlined development and operations of smart contracts and Web3 treasury, this enables the creation of direct-custody wallets for end-users, and securely managing smart contract development and operations.
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