Fireblocks, a provider of crypto-balancing technology, said it has added support to Sony’s Sonyium Blockchain, an Ethereum Layer-2 network that aims to bridge the conventional internet, or web2 and the emerging, blockchain-based web3.
Fireblocks has many large institutions among its customers, including large banks. Crypto managers, who offer safe storage for digital assets, are essential for institutional acceptance of digital assets because large capital allocators such as hedge funds or family agencies require their use to require insurance reasons.
Support for Soneium, a joint venture between Sony and Singapore’s Startale Labs, opens the door for offering guardianship services on the budding blockchain, which only started with activities and only locked $ 33.6 million in January (TVL), according to Defellama data . It is built with the in the pipeline of optimism to support gaming, financing and entertainment apps.
Fireblocks is “dedicated to help Soneium with their vision on creating an open internet that transcends boundaries,” said Omer Amsel, head of the Fireblocks of Web3, in a release. “Together we will offer safe, decentralized digital property and experiences to users and makers, while offering a safe environment for digital innovation.”