- Polygon and Fireblocks have struck a partnership.
- Together they will bring higher efficiency tools for Polygon users.
- Their goal is to elevate and ease the process of cryptocurrency adoption.
Polygon and Fireblocks have struck a deal together. The goal is to bring its comprehensive suite of crypto infrastructure products to all Polygon users. This move will bring institutional-grade tools and security to the Ethereum-based network.
This collaboration means that users, projects, and institutions on the Polygon network will soon gain access to Fireblocks’ tools. This includes a wide variety of diverse products all working to facilitate the adoption of cryptocurrency.
In particular, the products are — Fireblocks Asset Transfer Network, a secure interface for transacting large sums of cryptocurrencies between institutions; The MPC Wallet-as-a-Service, which provides a secure and effective way of transacting multi-owner cryptocurrency wallets; Fireblocks’s Security platform, which provides secure and efficient hardware for hosting extremely valuable wallets such as for centralized exchanges; and many more.
Additionally, the Fireblocks integration will allow institutions to have easy access to the Polygon network for fast and affordable on-chain transactions. It even comes with the advanced security features of the Fireblocks stack previously seen on other major chains.
Fireblocks’ presence will also give institutions a familiar interface with the vibrant DeFi ecosystem on Polygon. Moreover, it even includes many secondary deployments of protocols like Aave, SushiSwap, and others along with the native DeFi platforms that take advantage of Polygon’s high scalability.
The CEO and Co-Founder of Polygon, Jainti Kanani, expresses the brand’s excitement over working with Fireblocks. He says they are looking forward to providing an institution-friendly way of accessing the Polygon Commit Chain. He also adds,
The Fireblocks tool suite offers everything that major funds and institutions need to interface with blockchains, including security and regulatory compliance. Now, accessing Polygon for institutions is as easy as any other major blockchain.
Meanwhile, the CEO and Co-Founder of Fireblocks, Michael Shaulov, says that the Polygon Network has quickly become the leading scalability solution for Ethereum. This is in terms of both its current Commit Chain and the innovative Polygon SDK. All in all, he says the brand is excited to be supporting the growing network to offer the best-in-class tools for security, ease of use, and compliance for institutional customers.