Fireblocks Integrates Injective to Boost Institutional Access

Fireblocks,
a
renowned
digital
asset
custodian,
has
integrated
Injective,
an
interoperable
layer
one
blockchain,
in
a
move
that
promises
to
accelerate
institutional
adoption,
according
to
a
recent

post
on
Injective’s
blog.

Fireblocks
and
Injective
Integration

With
this
integration,
Injective
has
become
one
of
the
first
L1
blockchains
to
be
natively
integrated
with
Fireblocks.
This
development
opens
up
new
opportunities
for
the
global
institutional
users
of
Fireblocks
to
directly
onboard
onto
Injective
and
its
broader
ecosystem
of
decentralized
applications.

What
is
Fireblocks?

Fireblocks
is
presently
one
of
the
most
significant
custodians
in
the
digital
asset
space.
It
offers
services
that
include
secure
storage
and
transfer
of
crypto
and
other
digital
assets.
It
caters
to
large
institutional
clients
who
are
keen
on
holding
assets
in
the
blockchain
space.
The
platform
has
gained
recognition
for
its
advanced
security
features
which
appeal
to
large
financial
institutions
whose
businesses
and
reputations
heavily
rely
on
security
and
compliance.
Fireblocks
is
currently
trusted
by
over
1,800
leading
organizations,
including
banks,
hedge
funds,
and
financial
institutions.
It
has
facilitated
the
safe
transfer
of
more
than
$4
trillion
in
digital
assets.

What
Value
Does
Fireblocks
Bring
to
Injective?

Fireblocks
has
chosen
Injective
as
one
of
the
first
blockchains
to
be
natively
integrated
with
its
platform.
This
strategic
move
means
that
institutions
can
now
securely
hold
and
access
native
Injective
assets
such
as
INJ
more
seamlessly
than
before.
Eric
Chen,
co-founder
and
CEO
of
Injective
Labs,
stated
that
the
integration
was
a
significant
milestone
in
enabling
institutions
to
onboard
onto
Injective
more
rapidly
than
ever
before.

Moreover,
the
Fireblocks
integration
allows
institutional
users
to
safely
and
securely
access
Injective’s
lightning-fast
blockchain,
along
with
its
wide
array
of
dApps.
Major
funds
and
institutions
can
easily
deploy
capital
and
connect
to
applications
across
the
vibrant
Injective
ecosystem.
Fireblocks
can
now
serve
as
a
significant
gateway
into
Injective
native
apps
that
range
from
trading
and
lending
to
money
markets,
and
more.

Institutional-grade
Access
to
Injective

Currently,
numerous
major
institutions
across
the
Web3
landscape
are
integrated
onto
Injective,
with
new
firms
continuing
to
join
the
network.
The
integration
with
Fireblocks
provides
a
significant
boost
to
Injective’s
institutional
adoption
efforts
and
marks
another
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
maintaining
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
significantly
enhances
Injective’s
global
presence
by
offering
an
unmatched
gateway
for
institutional
access.

Image
source:
Shutterstock

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