Fireblocks, an all-inclusive platform to build businesses dealing with digital assets, has recently carried out an exclusive integration. As per Fireblocks, it has integrated IOTA EVM, an open-source feeless, permissionless, and scalable distributed ledger, to facilitate enterprise and institutional consumers in securely storing, managing, and transferring IOTA coins as well as tokenized assets.
👏 Excited to share @FireblocksHQ integrated #IOTAEVM, bringing enterprise-grade security and custody services to #IOTA builders & institutional users!
This marks a major step forward in supporting a wide range of digital asset operations – more below🧵https://t.co/SPte3wqpYB pic.twitter.com/nglzorVHva
— IOTA (@iota) October 7, 2024
Fireblocks Enhances 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, the developers can leverage Fireblocks for the storage and transaction of assets and tokens on IOTA EVM. They can do this through Fireblocks API and console. In this respect, the initiative brings enterprise-level custody and security services to IOTA’s institutional users and builders.
Both IOTA and Fireblocks are reportedly leading the development of the latest digital economy as they support a broad developer range. This includes small-scale projects as well as corporate entities and institutional players. They have a mutual vision regarding the digitalization of conventional systems. For this to happen, digital assets need to be secure and conveniently accessible like traditional ones.
Advancing IOTA EVM demands the provision of top-tier services that would back and promote a broadening ecosystem. The integration of Fireblocks permits the projects and developers to secure their operations and growth simultaneously. Keeping this in view, the targeted users can use Fireblocks vaults to store IOTA coins and transfer them on the Fireblocks Network. Moreover, they can also secure transact and mint tokenized assets.
The Development Targets Fostering Innovation and Growth in the IOTA EVM
Apart from Fireblocks’ announcement, IOTA also took to social media to reflect on this development. The platform labeled this integration as a major move to support wide-ranging operations concerning digital assets. According to IOTA, the integration lets developers explore GameFi, NFT, and DeFi marketplaces, and so on. This reportedly fosters innovation and growth in the IOTA EVM.