Originally published on: December 04, 2024
Fireblocks, the enterprise-grade digital asset platform, has revealed two groundbreaking features – Fireblocks Swaps and Fireblocks Token Allowance Manager. These new additions are designed to improve compatibility with decentralized finance (DeFi) platforms such as Uniswap and Aave, making trading and accessing DeFi protocols easier for institutional clients.
With the Fireblocks Swaps feature, users can now access liquidity directly from the Uniswap API within the Fireblocks console. This streamlined process eliminates the need to manage external accounts, simplifying decentralized exchange trading.
On the other hand, the Fireblocks Token Allowance Manager empowers clients to effortlessly manage balances across wallets. Users also have the ability to revoke malicious smart contracts on Ethereum, ensuring enhanced security while navigating the DeFi landscape.
In addition to these advancements, Fireblocks has been making significant strides in the digital asset space throughout 2024. From launching a Web3 startup toolkit to securing a New York state charter for custodial services in the US, the platform is continuously expanding its offerings to cater to diverse client needs.
The recent exploration of VAT tokenization with the South Korean NongHyup Bank further showcases Fireblocks’ commitment to innovation. By leveraging the Fireblocks Tokenization Engine, the bank aims to revolutionize VAT refunds on retail purchases, reducing operational costs and improving efficiency through a transparent and immutable ledger.
Stay tuned for more exciting updates from Fireblocks as they continue to shape the future of digital asset management and DeFi accessibility. Don’t miss out on the latest industry developments – subscribe to our Finance Redefined newsletter for weekly insights and opportunities to make informed financial decisions with confidence. Subscribe now to stay ahead of the curve!