- This technology integration provides organizations with a secure, scalable way to quickly and securely enter the Kaia ecosystem.
- Fireblocks allows companies of all sizes to set up, manage and grow their operations on the blockchain.
The non-profit Kaia DLT Foundation, which is leading the growth of the Kaia public blockchain ecosystem, has now integrated Fireblocks, an enterprise platform for managing digital asset operations and creating innovative blockchain-based businesses, into the Kaia blockchain ecosystem.
In 2024, the Abu Dhabi-based Kaia DLT Foundation was established with the aim of growing the ecosystem of Kaia, the global Layer 1 blockchain platform. To ensure that Kaia can fulfill its role as an accessible, transparent and sustainable blockchain platform for both developers and users, it promotes the adoption and development of new technologies.
With greater operational efficiency and improved protection of digital assets, the integration aims to meet the demands of institutional users. In addition to helping companies manage global compliance needs more effectively, Fireblocks provides a comprehensive development platform for Web3 apps, including creating Multi Party Computation (MPC) wallets at scale and orchestrating blockchain payments.
Kaia provides the best security and increased accessibility to all partners in the Kaia ecosystem, including institutions, by using Fireblocks. For example, the end-to-end security provided by Fireblocks’ distributed private key management solution and MPC wallet technology reduces the possibility of Kaia dApps being compromised by attempted both on-chain and off-chain attacks.
Additionally, the most comprehensive set of Application Programming Interface (API) options for creating Web3 products without sacrificing security is provided by the Fireblocks platform. As a result, this technology integration provides organizations with a secure, scalable way to quickly and securely enter the Kaia ecosystem, which is an important step toward widespread blockchain adoption.
Amy Zhang, Head of APAC at Fireblocks, said:
“The integration of Fireblocks into the Kaia blockchain ecosystem is a testament to our commitment to equipping institutions with the tools they need to adopt blockchain technology securely and seamlessly. By leveraging our market-leading MPC technology and proven platform, Kaia’s ecosystem partners can confidently scale their operations while mitigating risk, bringing Web3 to millions of users across Asia.”
Hundreds of millions of people in Asia now have access to Web3 thanks to Kaia, a powerful public blockchain. With more than 250 million users across Kakaotalk and LINE messengers, Kaia is Asia’s largest Web3 ecosystem. It was created by combining the Klaytn and Finschia blockchains, which were first developed by Kakao and LINE respectively. Web3 allows users to connect, create, collaborate and contribute to the ecosystem with the ease and speed of Web2 in their favorite messenger super app.
Dr. Sam Seo, Chairman of Kaia DLT Foundation stated:
“The partnership with Fireblocks is an important step forward in improving the scalability and security of the Kaia blockchain ecosystem. In addition to enhanced security, Fireblocks solutions provide efficient access to global compliance solutions. Kaia will continue to identify and build excellent infrastructures tailor-made for institutions, allowing them to access Web3 financing more easily and securely.”
Fireblocks, the most renowned and successful digital asset infrastructure provider in the world, enables companies of all sizes to set up, manage and grow their operations on the blockchain. It simplifies custody, tokenization, payment, settlement and trading processes across the world’s largest network of exchanges, custodians, banks, payment providers and stablecoin issuers with the most secure, scalable and comprehensive platform on the market. More than 2,000 companies, including BNY, Galaxy and Revolut, rely on Fireblocks to protect more than $7 trillion in transactions involving digital assets spanning more than 90 blockchains and more than 250 million wallets.