• Fireblocks and Astar Network have partnered to bring crypto and DeFi to over 650 banks.
• Institutional investors can leverage Fireblocks’ MPC-based wallet infrastructure to access Astar’s assets.
• The integration allows users to access dApps on Ethereum and Polkadot ecosystems.

Fireblocks and Astar Network Partner

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 see more than 650 banks and institutional investors use Fireblock’s technology to access and manage their digital assets, boosting institutional adoption of DeFi on Astar.

Benefits of the Integration

Banks, OTCs, exchanges and hedge funds have an opportunity to leverage Fireblock’s MPC-based wallet infrastructure to access Astar’s assets including on leading DeFi protocol ArthSwap. The integration also allows users to tap into decentralized applications (dApps) on Ethereum and Polkadot ecosystems.

Celebration Event

Astar, Fireblocks, bitbank celebrated the integration during the WebX event in Tokyo which attracted over 200 guests including executives at VCs and Web3 founders. During the event they discussed how the collaboration could help financial institutions diversify with digital assets while allowing them a secure way to safeguard their funds.

Quotes from Executives

Stephen Richardson, Managing Director of Financial Markets & Head of APAC at Fireblocks said: „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 added: „Fireblocks is a leading platform catering to institutional investors. We’re looking forward to leveraging this integration to enhance adoption while giving institutions looking build on Astar a secure way safeguard their digital assets.“

Conclusion

The integration between Fireblocks & Astar Network will allow financial institutions across banks, exchanges, OTCs & hedge funds easily & securely access crypto on Astar as well as providing them with functionality such as trading swaps & lending of digital assets through this new partnership.