Fireblocks Integrates IOTA EVM for Enhanced Institutional Access

Terrill Dicki Oct 07, 2024 15:13

Fireblocks has integrated IOTA EVM, allowing secure storage, transfer, and management of IOTA tokens for institutional users, enhancing the digital asset ecosystem.

Fireblocks, a leading enterprise platform for managing digital assets, has announced the integration of IOTA's Ethereum Virtual Machine (EVM). This integration is set to provide institutional and enterprise users with the ability to securely store, transfer, and manage IOTA tokens and tokenized assets, according to the IOTA Foundation Blog.

Expanding Options for Digital Assets

The integration of IOTA EVM by Fireblocks is a significant step in enhancing the digital asset ecosystem. It offers enterprise-grade infrastructure for various services, including treasury management, decentralized finance (DeFi), and GameFi. By utilizing Fireblocks’ console and API, institutional users can now conduct transactions involving IOTA tokens and assets on the IOTA EVM platform.

Fireblocks and IOTA are committed to fostering a new digital economy by supporting projects ranging from small-scale initiatives to large institutional entities. This collaboration aims to make digital assets as accessible and secure as traditional financial assets.

About Fireblocks

Fireblocks provides a user-friendly platform for creating blockchain-based products and managing digital asset operations. The platform is widely used by exchanges, banks, payment service providers (PSPs), lending desks, custodians, trading desks, and hedge funds to scale their digital asset operations securely. With a unique insurance policy covering assets in storage and transit, Fireblocks has facilitated the secure transfer of over $6 trillion in digital assets. The platform supports more than 80 protocols and offers extensive support for both public and private EVMs.

Institutional IOTA Access

Effective immediately, institutional and enterprise users can take advantage of several features:

• Store IOTA tokens securely in their Fireblocks vault.
• Transfer IOTA tokens securely over the Fireblocks Network.
• Launch IOTA token support for retail customers using Fireblocks’ REST API.
• Deploy IOTA tokens into various web3 verticals, including DeFi, NFT marketplaces, and GameFi.
• Mint and transfer tokenized assets securely.

This integration marks a pivotal milestone for IOTA EVM, contributing to a robust ecosystem for institutional and enterprise users. By simplifying the processes of storage, transfer, and creation of tokens, the integration enables developers to focus on product innovation without concerns over security or custody.

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• fireblocks
• iota evm
• digital assets
• blockchain