September 1, 2023 – Georgetown, Cayman Islands
Kava Chain, a decentralized Cosmos-Ethereum interoperable layer one blockchain, is now accessible on Fireblocks, an enterprise platform to handle digital asset operations and construct progressive companies on the blockchain.
The combination will allow secure and safe entry for Fireblocks prospects to the increasing Cosmos DeFi ecosystem by way of the Kava Chain.
Idan Ofrat, co-founder and chief product officer at Fireblocks, mentioned,
“With the mixing of Kava Chain onto the Fireblocks Community, we’re excited to deliver Kava’s progressive suite of DeFi app protocols and Cosmos DeFi entry to our prospects. Prior to now 12 months, now we have seen rising institutional curiosity in DeFi.
“Fireblocks’ defense-in-depth safety and customizable TAP (transaction authorization coverage) enable our prospects to soundly discover and innovate within the DeFi enviornment with out compromising their compliance and safety necessities. We stay up for unlocking extra alternatives for our prospects sooner or later.”
Kava Chain has been steadily constructing and rising by way of the bear market.
Nonetheless, with out a strong connection to an MPC (multi-party computation) custody know-how supplier, top-tier crypto establishments haven’t been in a position to interact with the DApps on-chain.
The Fireblocks integration allows over 1,800 main digital asset and crypto establishments to now custody KAVA tokens and entry Kava-native belongings, together with Cosmos-native USDtchosen by Tether to be issued completely on Kava Chain.
This integration not solely enhances institutional entry to Kava but in addition permits Fireblocks prospects to do the next.
- Have interaction in DeFi alternatives on platforms throughout the Kava ecosystem, corresponding to Curve, Kinetix and Hover
- Take part in market-making utilizing Cosmos-native USDt on main exchanges
- Discover new USDt DeFi alternatives on distinguished Cosmos appchains
Scott Stuart, co-founder of Kava Chain, mentioned,
“Kava Chain’s function in arbitrage market making is changing into more and more important. With the Fireblocks integration, CEXs (centralized exchanges) and main market makers have a extra capital-efficient possibility for cross-chain arbitrage.
“As a substitute of incurring excessive fuel charges on Ethereum, they’ll now make the most of Kava to switch USDt between ecosystems effectively. We’re excited in regards to the future and the worth this integration brings to our neighborhood.”
Kava Chain is a safe, lightning-fast layer one blockchain that mixes the developer energy of Ethereum with the pace and interoperability of Cosmos in a single scalable community.
Dedicated to fostering innovation and progress, Kava Chain is a trusted selection for builders and customers worldwide.
Guillermo Carandini, advertising and marketing supervisor at Kava
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