Fireblocks Partners with Tron DAO
Fireblocks partners with Tron DAO to add support for TRX and all TRC20-based tokens of the TRON DAO blockchain on its institutionally-focused digital asset platform.
With one of the largest and most active communities, remarkably low transaction fees, and high scalability, TRON is the Top #3 blockchain and one of the most popular layer 1 DAOs in the industry. Within the first 72 hours of Fireblocks’ Early Access Program enabling clients to receive TRON functionality, Fireblocks saw $35 million of transaction volume.
Fireblocks Current Information
Fireblocks currently supports more than 1,100 tokens and over 35 protocols. To date, Fireblocks customers have amassed $45 billion assets under custody on the platform. Therefore Fireblocks Partners with Tron DAO to secure over $2.5 trillion in digital asset transfers. It follows a recent surge of new assets added to the platform as it expands institutional DeFi access.
More than 1,200 liquidity partners, trading venues, and counterparties on the Fireblocks Network can now securely and smoothly send, receive, or custody TRX and other TRC20 tokens using TRON DAO’s platform.
“We have seen a lot of demand from our customers to support TRX and TRC20 tokens. We’re excited to be able to make these tokens available to our enterprise customers and look forward to supporting the ecosystem’s continued growth,” said Michael Shaulov, CEO & Co-founder of Fireblocks.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations. It’s through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,200 financial institutions, has secured the transfer of over $2.5 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit.
About TRON DAO
TRON is accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. The TRON network has gained incredible traction in recent years. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.