Fireblocks, a comprehensive platform for building digital asset businesses, recently performed an exclusive integration. According to Fireblocks, it has integrated IOTA EVM, an open-source free, permissionless and scalable distributed ledger, to facilitate enterprise and institutional consumers in securely storing, managing and transferring IOTA coins and tokenized assets.
👏I’m excited to share @FireblocksHQ’s integrated #IOTAEVM, bringing enterprise-grade security and custody services to #IOTA builders and institutional users!
This marks a major step forward in supporting a wide range of digital asset activities – more below🧵https://t.co/SPte3wqpYB pic.twitter.com/nglzorVHva
— IOTA (@iota) October 7, 2024
Fireblocks improves the developer experience by integrating IOTA EVM
In an exclusive blog post on its official platform, Fireblocks provided the details of this development. With this partnership, developers can use Fireblocks to store and transact assets and tokens on IOTA EVM. They can do this via the Fireblocks API and console. In this regard, the initiative brings enterprise-level custody and security services to IOTA’s institutional users and builders.
Both IOTA and Fireblocks are said to be leading the development of the latest digital economy as they support a wide range of developers. This includes small-scale projects as well as corporate entities and institutional players. They have a shared vision on the digitalization of conventional systems. To achieve this, digital assets must be safe and easily accessible, just like traditional assets.
Advancing IOTA EVM requires delivering the highest level of services that support and promote an expanding ecosystem. By integrating Fireblocks, projects and developers can safeguard their activities and growth at the same time. With this in mind, target users can use Fireblocks vaults to store IOTA coins and transfer them to the Fireblocks network. Moreover, they can also secure transactions and generate tokenized assets.
The development goals promote innovation and growth in the IOTA EVM
In addition to the announcement of Fireblocks, IOTA also used social media to reflect on this development. The platform labeled this integration as an important step to support broad digital asset activities. According to IOTA, the integration will allow developers to explore GameFi, NFT, DeFi marketplaces, and so on. This is said to promote innovation and growth in the IOTA EVM.