Fireblocks (Fb): Gateway for Institutional Players to Embrace DeFi

The complexities inherent in the Decentralized Finance (DeFi) ecosystem have largely marred the rate of adoption from institutional players, however, Fireblocks is changing the narrative by providing an avenue for banks and financial institutions to tag along with the DeFi revolution. Per the insights shared in a press release with Coinspeaker, using the Fireblocks platform,  banks and fintechs can rapidly deploy custody, tokenization, asset management, trading, lending, and payment solutions across public and private blockchain networks.

Using DeFi applications or providing services in this nascent and fast-changing market does not always seem easy and straightforward as it looks. For service providers, the concerns of security remain one of the core bottlenecks to their entry into the space. The safety of funds held in custody, and the security of the platforms are top concerns, all of which are being addressed by Fireblocks.

The Fireblocks primary services are centered on three main areas including providing access for all forms of secure crypto-focused storage including Hot, Cold and Warm storage. Fireblocks also enable its clients the ability to transfer assets between themselves and their counterparties in a safe and secure manner. This service is made possible through the use of the Fireblocks network.

Additionally, through Fireblocks, clients gain access to tokenization, smart contracts, DeFi protocols and other emerging capabilities that define the growing world of blockchain technology. Fireblocks’ services are thorough and they give allowance to local regulatory provisions, further easing the concerns of institutional clients. This increases capital flow from global institutions which translates into more liquidity for the RSK ecosystem and seamless access to several DeFi protocols.

Fireblocks Fuels Crypto Adoption and Adherence to Compliance

Embracing DeFi innovations is typically different for individuals, and even more intricate for institutions who need to adhere to both internal compliance and regulatory compliance as a whole. The solutions to solving the complexity of the security needed to successfully participate in DeFi as a compliant institution are often beyond the reach of most organizations. Herein is where Fireblocks are essential.