IoTeX Leverages Fireblocks to Bring Institutional-Grade Security and Accessibility to DePIN Assets

IoTeX Leverages Fireblocks to Bring Institutional-Grade Security and Accessibility to DePIN Assets

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Singapore, January 14, 2025 /PRNewswire/ — IoTeX, the leading blockchain technology platform decentralization Physical Infrastructure Networks (DePIN), announced the integration of layer-one blockchain with Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain technology. By working with Fireblocks, IoTeX takes an important step forward in making native IOTE and IoTeX-based assets more accessible to institutional investors and businesses around the world.

Through this integration, institutional users can securely store, manage, and transfer IOTX and IoTeX-based tokens using Fireblocks’ cutting-edge infrastructure, which leverages MPC and Intel SGX technology, its proprietary token policy engine, and deposit address authentication network to deliver the most immune system on the market. This opens new opportunities for organizations using IoTeX to tokenize or DePIN data decentralization applications, ensuring smooth and secure operations at scale.

For centralized exchanges (CEXes) and wallet providers looking to support the rapidly expanding IoTeX ecosystem, the Fireblocks integration enables platforms to access the tools needed to offer secure, efficient, and seamless management of IoTeX tokens. The resulting increase in liquidity is expected to drive adoption of IoTeX-based assets across a wide range of users and institutions.

Raolin Zhai, CEO and Co-Founder of IoTeX, said:

“By using Fireblocks, we are providing institutional-grade security and access to the IoTeX ecosystem, enabling new liquidity channels and adoption of our tokens. This also underscores our commitment to connecting the worlds of blockchain and real-world DePIN applications. It also opens up opportunities New for organizations leveraging IoTeX to encode machine-based DePIN and RWA data and decentralization applications.”

Companies using IoTeX to encode device data and decentralization Applications now have access to a robust and scalable infrastructure, ensuring that their assets are secure and operationally efficient. IoTeX will also have greater exposure to institutional players via the Fireblocks Network, the largest digital asset network in the industry, increasing liquidity and driving adoption of IoTeX-based tokens. Corporations, custodians, funds, and exchanges can now leverage Fireblocks’ infrastructure to scale their operations with confidence, further establishing IoTeX as the essential platform for AI and DePIN innovations.

About iotex

IoTeX is the only standard DePIN infrastructure platform that connects smart devices and real-world data to blockchains. As the leading DePIN infrastructure provider, IoTeX facilitates new rewards of devices and on/off-chain activities for users, turns personal devices into collective economies, and tokenizes “everything data.”

Click on contact: [email protected]

Source: iotex

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