Fireblocks, a renowned custodian for digital assets, has recently announced a new partnership. The company has joined forces with Injective, a prominent blockchain firm, to accelerate its adoption among leading institutions globally. Injective shared the news of this integration on its official X account.
In a recent post, Fireblocks revealed that the integration will benefit some of the largest entities by providing direct access to the $INJ token. These institutions can now seamlessly onboard the coin onto the Injective ecosystem. Fireblocks emphasized its popularity as a custodian in the digital asset sector, with over 1,800 top platforms trusting its services.
With a track record of securely handling over $4 trillion in digital assets, Fireblocks has gained recognition for its advanced security features. Major financial institutions like Paribas, BNP, BNY Mellon, and HSBC are among Fireblocks’ clients. The company has also received significant investments from global giants such as Coatue, Sequoia Capital, and BNY Mellon.
The integration enables secure institutional staking, holding, and access to Injective assets on Fireblocks. Injective becomes one of the earliest blockchain firms to be officially integrated into Fireblocks’ services. Injective Labs’ CEO and co-founder, Eric Chen, expressed his commitment to expanding institutional adoption through this partnership.
Chen highlighted that the integration marks a significant step towards the company’s vision. It allows institutional clients to securely leverage Injective’s fast blockchain and access a wide range of decentralized applications. By utilizing the robust Injective ecosystem, famous institutions and funds can deploy capital and connect to various applications.
Through this integration, Fireblocks serves as a key gateway to Injective’s native apps, including lending, trading, and money markets. Injective aims to onboard traditional entities onto layer 1, facilitating the transition to a Web3-based financial landscape.