Fireblocks now supports Fantom
We are thrilled to announce that Fireblocks has added support for FTM mainnet and ERC-20 tokens.
Both tokens are now available to the 500+ banks, hedge funds, lending desks, and other financial institutions using the Fireblocks platform.
With Fireblocks’ MPC wallet infrastructure and settlement network, institutions holding FTM can store and securely transfer their tokens without relying on inefficient manual processes, hardware wallets, and potentially risky sub-custody services. Institutions can additionally stake their FTM tokens and pursue DeFi opportunities via Fireblocks solutions.
Beyond enabling its global customer base to access FTM, Fireblocks also now supplies treasury management services to the Fantom Foundation. The Fireblocks Network offers Fantom direct connectivity to the crypto capital markets, automated transaction approvals and governance, and instant settlement to maximize portfolio returns.
“The integration of Fantom into Fireblocks validates our rapidly growing presence across the crypto-industry, and we look forward to on-boarding financial institutions on our network. On the treasury side, Fireblocks is automating our risk policy enforcement, saving us time and, most importantly, securing our assets. Fireblocks is the global leader in digital asset management, and we’re incredibly excited to be working with them.” – Michael Kong, Fantom CEO
“With the explosion of layer-1 protocols and DeFi fundamentals since 2020, it is a foregone conclusion that liquidity will live on multiple chains in the future. As institutions continue to enter the space and allocate to baskets of layer-1 protocols, institutional-grade custody for these layer-1 mainnets will be absolutely essential, particularly for clients actively participating in native DeFi ecosystems. Fireblocks’ integration of Fantom mainnet represents a pivotal step forward in ushering institutional investment in the Fantom ecosystem.
As a leading Silicon Valley-based digital asset fund, Protocol Ventures seeks to partner with best-in-class service providers. To this end, we are pleased to mitigate our security and custodial risks by placing a portion of our Fantom holdings with a world-class custodian in Fireblocks. Fireblocks’ Fantom mainnet integration will enable Protocol Ventures to confidently interact with Fantom’s mainnet as we increasingly participate in the budding Fantom DeFi ecosystem and deliver compelling risk adjusted returns to our investors.” – Nabeel Qadri, Managing Partner, Protocol Ventures
“With the emergence and explosion of Defi in hedge fund portfolios and trading desks, it has been extremely challenging to find and secure an institutional-grade custody solution for Fantom Opera’s blockchain. Institutional trading teams that deal with multiple users and large quantities of Fantom frequently find themselves being exposed to the risks of having to self custody. By segmenting part of our Fantom portfolio using Fireblocks, we greatly reduce the security and custody risk to ourselves, and can rely on a trusted, expert custody solution. This allows us to focus on what we do best, which is generating Alpha and making monster returns for our investors vs. having to worry about custody and security. This also allows us to sleep better at night (when we get to sleep) knowing that our funds are SAFU and SAFE on Fireblocks.” – Harry Yeh, Managing Director, Quantum Fintech Group
Fireblocks is a leading enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables banks, fintechs, exchanges, liquidity providers, OTCs, and hedge funds to securely manage digital assets across a wide range of products and services. The technology consists of the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 200 financial institutions and has secured over $400 billion in digital assets. Fireblocks has a unique insurance policy that covers assets in storage & transit and offers 24/7 global support.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.