IoTeX partners with Fireblocks to enhance institutional-grade security and token management for IOTX digital assets and DePIN.
IoTeX has announced its partnership with Fireblocks. The collaboration will allow institutional investors and businesses to store, manage, and transfer IoTeX’s native tokens (IOTX) more securely and efficiently.
According to IoTeX, the integration uses Fireblocks’ advanced security technology. This includes features like Multi-Party Computation (MPC), Intel SGX, and a robust Policy Engine. This system ensures high security for digital asset transactions. Thus, the collaboration also opens up new possibilities for businesses using IoTeX for DePIN data tokenization and decentralized applications, ensuring smooth and secure operations.
Raullen Chai, CEO and co-founder of IoTeX, noted that by using Fireblocks, they are enhancing the security and accessibility of its ecosystem to meet institutional standards. He added that this further demonstrates the company’s commitment to connecting blockchain technology with real-world DePIN applications. Companies can now create innovative business models that capitalize on data from their physical devices while maintaining enterprise-grade security standards. Raullen Chai stated:
“By utilizing Fireblocks, we are bringing institutional-grade security and accessibility to IoTeX’s ecosystem, enabling new liquidity channels and adoption for our tokens. This further underscores our commitment to bridging the worlds of blockchain and real-world DePIN applications. It also opens up new opportunities for enterprises leveraging IoTeX for DePIN data tokenization, machine-based RWA and decentralized applications.”
IoTeX has grown to become a top blockchain platform that connects smart devices with blockchain technology. The company places significant focus on building decentralized physical infrastructure networks. Thus, its unique system has made it a strong force in the blockchain-IoT intersection.
Fireblocks provides security to the digital asset space. It offers comprehensive solutions for businesses to manage their cryptocurrencies and tokens. The platform provides robust security measures for storing, transferring, and protecting digital assets against potential threats and unauthorized access.
The integration significantly enhances IoTeX’s market presence by simplifying token support for centralized exchanges and wallet providers. This increased accessibility is expected to boost liquidity in the IoTeX ecosystem, making it easier for participants to trade and utilize IoTeX tokens. The team stated:
“Enterprises using IoTeX for device data tokenization and decentralized applications now have access to a robust and scalable infrastructure, ensuring that their assets are secure and operationally efficient. IoTeX will also have greater exposure to institutional players via the Fireblocks Network, the industry’s largest digital asset network, increasing liquidity and driving the adoption of IoTeX-based tokens.”
The IoTeX-Fireblocks integration is a forward-looking initiative for blockchain adoption. The partnership creates a secure and efficient environment for institutions to leverage blockchain technology in real-world applications. This collaboration strengthens IoTeX’s market position. It also advances the broader adoption of digital assets in practical, enterprise-level implementations.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
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