Fireblocks Incorporates Astar Network, Expanding Secure Services for Institutional Investors

Digital asset management platform Fireblocks integrates with Astar Network for secure services

Fireblocks, a digital asset management platform, has expanded its secure services for institutional investors by incorporating Astar Network, Japan’s leading blockchain. This integration allows over 650 banks and financial institutions to access Astar’s DeFi ecosystem and trade, swap, and lend digital assets on the platform via Fireblocks.

Key points:

Fireblocks integrates with Astar Network, offering secure services for institutional investors.
Astar Network supports Ethereum Virtual Machine (EVM) environment and WebAssembly (WASM).
Fireblocks’ digital asset infrastructure system is certified by the Cryptocurrency Certification Consortium (C4).
Stephen Richardson, Managing Director at Fireblocks, highlights the benefits of the integration for institutional adoption.
The integration was celebrated at a special event during WebX in Tokyo.

In the rapidly growing blockchain industry, Astar Network has gained popularity in Japan due to its support for EVM and WASM, making it a multi-chain platform for interoperable applications. Fireblocks, known for its commitment to security, has received certification from C4 for its digital asset infrastructure system. Its MPC technology has attracted traditional financial clients and Japanese trading platforms.

Stephen Richardson, Managing Director at Fireblocks, emphasizes the value of the integration, stating that banks, exchanges, OTCs, and hedge funds can seamlessly access Astar’s assets through Fireblocks’ secure network and MPC-based wallet infrastructure.

The integration between Fireblocks and Astar Network was celebrated at a special event during WebX in Tokyo, where industry leaders and executives gathered to learn about the application of web3 technology in the corporate sphere. Maarten Henskens, CEO of Astar Foundation, sees this integration as a way to enhance adoption and provide institutions with a secure way to safeguard their digital assets.

Hot Take: The integration between Fireblocks and Astar Network expands the opportunities for institutional investors to access Astar’s DeFi ecosystem securely. This partnership highlights the growing significance of blockchain technology in the financial industry and the increasing interest in web3 applications in Japan.