KEY TAKEAWAYS
- IoTeX integrates with Fireblocks to enhance security and accessibility for institutional investors and enterprises.
- The collaboration aims to improve IoTeX token management for centralized exchanges and wallet providers, boosting liquidity and adoption.
- IoTeX strengthens its position in the DePIN ecosystem by connecting smart devices and real-world data to blockchains.
- IoTeX’s infrastructure supports DePIN projects with its EVM-compatible Layer 1 blockchain and open hardware solutions.
IoTeX, a leading blockchain platform specializing in decentralized physical infrastructure networks (DePIN), has announced an integration with Fireblocks, an enterprise platform for managing digital asset operations. This collaboration aims to make IoTeX’s native Layer 1 blockchain and IOTX-native assets accessible to institutional investors and enterprises globally.
Fireblocks’ enterprise-grade platform is renowned for its robust security measures, utilizing multi-party computation (MPC) technology, Intel SGX, a Policy Engine, and a deposit address authentication network. These features ensure secure storage, management, and transfer of digital assets. This integration is set to benefit enterprises already using IoTeX for DePIN data tokenization and decentralized applications, enabling them to scale their operations securely and efficiently.
Impact on Exchanges and Wallet Providers
The integration with Fireblocks also presents significant advantages for centralized exchanges (CEXes) and wallet providers. By adopting Fireblocks’ infrastructure, these platforms can enhance the security and efficiency of IoTeX token management. This improvement is expected to increase liquidity and adoption, expanding the reach of IoTeX-based assets to a broader audience of institutions and users.
Raullen Chai, CEO and Co-Founder of IoTeX, expressed his views on this development, stating that IoTeX is positioning itself as a key platform for connecting smart devices, machines, and real-world data to blockchains. He highlighted that IoTeX’s infrastructure, which supports DePIN projects across all blockchains, is now bolstered by Fireblocks’ institutional-grade solutions.
Strengthening IoTeX’s Position in the DePIN Ecosystem
IoTeX is recognized as DePIN’s only modular infrastructure platform that connects smart devices and real-world data to blockchains. Its data aggregator solution, DePIN Scan, provides real-time data on token market caps, transactions, and connected devices within the $38.4 billion DePIN ecosystem. IoTeX facilitates new rewards from devices and on/off-chain activities, transforming personal devices into communal economies and tokenizing the ‘data of everything.’
Supported by a global team of over 60 research scientists and engineers, IoTeX combines its EVM-compatible Layer 1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines, sensors, and decentralized applications across the physical and digital worlds. The IoTeX token is listed on major crypto exchanges, including Binance, Coinbase, and Upbit.
For more details, the official announcement can be found here.
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