Institutions Unlock Crypto & DeFi with Fireblocks & Astar Network

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• Fireblocks and Astar Network have partnered to bring crypto and DeFi to over 650 banks.
• The integration will enable institutional investors such as banks, OTCs, exchanges, and hedge funds to securely access digital assets.
• An event was held in Tokyo to celebrate the integration with more than 200 guests in attendance.

Fireblocks and Astar Network Partner Up

Fireblocks, an enterprise-grade platform for institutional adoption of digital assets, has integrated with Astar Network, an EVM and WebAssembly (Wasm) compatible smart contracts platform. This collaboration could open the door for more than 650 banks and institutional investors to use Fireblocks’ technology to access and manage their digital assets on Astar platform.

Benefits of the Integration

The integration provides a multichain environment for users to tap into decentralized applications (dApps) on Ethereum and Polkadot ecosystems. Banks and institutional investors can also leverage Fireblock’s MPC-based wallet infrastructure to access Astar’s assets, including leading DeFi protocol ArthSwap. Additionally, users can utilize the platform for trading, swaps and lending of digital assets on the Astar network.

Celebration Event Held in Tokyo

A celebration event was held in Tokyo to commemorate this partnership between Fireblocks and Astar Network. The event attracted over 200 guests including executives at VCs and Web3 founders who were eager to learn about this new development that could revolutionize financial services industry by bringing crypto & DeFi capabilities into over 650 banks worldwide.

Quotes from Executives Involved

Stephen Richardson , Managing Director at Financial Markets & Head of APAC at Fireblocks had this to say: “We are excited to add Astar to the Fireblocks Network and support the growth of Japan’s leading smart contract platform.“ Maarten Henskens , CEO of Astar Foundation expressed his enthusiasm: “Fireblocks is a leading platform catering to institutional investors… institutions looking to build on Astar a secure and robust way safeguard their digital assets“.

Conclusion

This integration between Fireblocks & Astar Network is groundbreaking news that is likely going revolutionize how financial services industry works by providing secure access of blockchain-based services into over 650 banks worldwide. It remains exciting times ahead!