Fireblocks Integrates Zilliqa’s ZIL Tokens to Enhance Multi-Blockchain Security and Accessibility

• Zilliqa and Fireblocks have joined forces to integrate Zilliqa’s ZIL tokens into the Fireblocks Vault and Network.
• This partnership aims to enhance the security and accessibility of ZIL tokens for institutional and retail investors alike.
• Zilliqa’s CEO views the collaboration as a strategic move to expand Zilliqa’s ecosystem and investment opportunities.

Discover how the recent integration of Zilliqa’s ZIL tokens into Fireblocks Vault and Network is set to revolutionize institutional crypto asset management, offering enhanced security and accessibility.

Zilliqa and Fireblocks Partnership Unlocks New Horizons

Zilliqa has officially integrated its ZIL tokens with Fireblocks, a leading digital asset custody, transfer, and settlement platform. This integration aims to leverage Fireblocks’ multi-blockchain support to improve ZIL token storage and transaction capabilities. By doing so, Zilliqa is set to attract a broader base of institutional and retail investors, offering them a secure and seamless experience in handling ZIL tokens.

Enhanced Investment Opportunities Through EVM Compatibility

With native compatibility for Ethereum Virtual Machine (EVM) applications, Zilliqa’s integration with Fireblocks stands to benefit users in multiple ways. This collaboration ensures that popular wallets and developer tools are accessible, aiding in the development of robust multi-chain applications. By simplifying asset management and transaction processes, the partnership is expected to foster greater financial collaboration and investment opportunities.

A Pivotal Moment for Zilliqa’s Growth

Matt Dyer, CEO of Zilliqa, emphasized that the integration represents a significant milestone for Zilliqa. He highlighted that the collaboration would provide effortless access to Zilliqa’s high-throughput, secure blockchain network for both institutional and retail investors. This strategic move is aimed at diversifying the ecosystem and promoting new investment avenues, thereby accelerating Zilliqa’s growth trajectory.

Fireblocks’ Influence Over the Financial Sector

Fireblocks has built a reputation for securing and streamlining digital asset transactions for major financial institutions, cryptocurrency exchanges, and retail payment service providers. The platform employs multi-party computation (MPC) custody technology, enabling its clients to conduct secure and efficient transactions across various blockchain platforms. The addition of Zilliqa’s ZIL tokens is expected to further bolster Fireblocks’ capabilities and client offerings.

Non-Custodial Wallet-as-a-Service: A Game Changer

Zilliqa is ready to capitalize on Fireblocks’ Non-Custodial Wallet-as-a-Service (WaaS) solution, especially within its specialized Web3 ecosystem. Targeting the luxury and entertainment sectors, the integration is anticipated to offer a scalable and secure wallet platform for corporations, fintech firms, and Web3 businesses, thus driving further innovation and adoption.

Mitigating Risks with Fireblocks Off Exchange Solution

Fireblocks launched its Off Exchange solution in late 2023 to address the prevalent issue of exchange counterparty risks in the crypto trading domain. Utilizing MPC technology, the solution allows institutional traders to trade on centralized exchanges directly from an on-chain shared wallet, reducing risks like cyber hacks and misappropriation of funds. This innovation offers transparency and protection, which is likely to attract more traditional firms into the crypto market.

Conclusion

The partnership between Zilliqa and Fireblocks marks a transformative period for both entities. By integrating ZIL tokens with Fireblocks’ advanced infrastructure, the collaboration is poised to enhance the security, efficiency, and accessibility of digital asset management. As institutional and retail investors gain seamless access to Zilliqa’s ecosystem, the future looks promising for sustained growth and innovation within the blockchain space.