Fireblocks, a renowned custodian for digital assets, has announced a new integration with Injective, a prominent blockchain company, in an effort to accelerate its adoption among leading institutions worldwide. Injective shared the news of this integration on its official account on X.
Fireblocks, a leading digital asset custodian, has integrated Injective to expedite institutional adoption. This integration allows some of the largest institutions to directly access and seamlessly onboard the $INJ token onto the Injective ecosystem.
According to Fireblocks, the integration is designed to benefit major entities by providing them with direct access to the $INJ token. Additionally, these institutions can easily onboard the coin onto the Injective ecosystem. In a recent post on X, Fireblocks highlighted its popularity as a custodian in the digital asset sector, trusted by over 1,800 top platforms.
Fireblocks has also gained attention from large financial companies for its advanced security features, ensuring the secure transaction of digital assets worth over $4 trillion. Major banks such as Paribas, BNP, BNY Mellon, and HSBC are among Fireblocks’ clients. The company has also received over $1 billion in funding from global investors like Coatue, Sequoia Capital, and BNY Mellon.
The integration between Fireblocks and Injective allows for secure institutional staking, holding, and access to Injective assets. Injective becomes one of the earliest blockchain firms to be officially integrated into Fireblocks. This development enables entities to securely stake, hold, and access local Injective assets on the Fireblocks platform.
Eric Chen, CEO and co-founder of Injective Labs, expressed his thoughts on this integration, emphasizing the company’s continuous efforts to expand institutional adoption. Chen stated that this integration is a significant step towards achieving the company’s vision. It allows institutional consumers to securely leverage Injective’s fast blockchain and access a wide range of decentralized applications on the platform.
Famous institutions and funds can now conveniently deploy capital and connect to applications within the resilient Injective ecosystem. Fireblocks serves as a gateway into the native apps of Injective, including lending, trading, and money markets. Injective aims to onboard more traditional entities onto layer 1, facilitating the transition to an exclusive Web3-based financial realm.