Telos, a decentralized 3rdgeneration blockchain ecosystem, has announced a new partnership with Fireblocks. The partnership focuses on delivering blockchain innovation at the institutional level with improved accessibility and security. The platform announced this endeavor in its recent X-post.
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— Telos Foundation (@HelloTelos) December 9, 2024
Telos partners with Fireblocks to provide institutional-level management and accessibility
Telos said that through this partnership with Fireblocks, it plans to leverage enterprise-grade custody and wallet technology to increase accessibility. Businesses and institutions can now take advantage of Fireblocks’ state-of-the-art infrastructure and take advantage of various features. They take into account secure custody, seamless interaction with Telos EVM DeFi, and expanding access through Fireblocks’ extensive network.
Fireblocks’ MPC wallet technology and widespread key management provide institutional-level security to protect digital asset holdings. In addition, users can leverage the resilient APIs and tools that Fireblocks provides to streamline connectivity. This enables direct interaction with dApps running on Telos without the need for complex adjustments. In addition, the Fireblocks network has more than 2,000 companies and institutions. They can easily delve into Telos-based assets and projects.
Key improvements enabled by this integration include institutional-level custody, operational efficiency, DeFi accessibility, and global reach through Fireblocks. In this regard, Fireblocks’ advanced private key management guarantees the security of Telos-based assets. Additionally, the Contract Call APIs, Browser Extension, and WalletConnect are the Fireblocks-based services that enable seamless interaction with decentralized applications and protocols on the Telos EVM. This streamlines asset transactions, liquidity, staking, and so on.
Fireblocks’ simplified wallet infrastructure allows for relatively cost-effective and faster transfers. This aligns with Telos’ goal of providing a low-cost and high-performance blockchain experience. The Fireblocks Network connects Telos to a global institutional network. Additionally, it will facilitate the latest engagement opportunities within the Telos network.
The initiative aims to promote Blockchain adoption by delivering scalable and secure solutions
The partnership with Fireblocks makes Telos a leading player contributing to the adoption of blockchain by institutions. By offering scalable and secure solutions covering Telos-based assets, the platform paves the way for new use cases and markets. According to Telos, this partnership strengthens its appeal among financial institutions, enterprises and custodians looking for blockchain integration.