July 15, 2021 — Polygon and Fireblocks have joined forces to bring its comprehensive suite of crypto infrastructure products to all Polygon users, bringing institutional-grade tools and security to the Ethereum-based network.
Projects, users and institutions building on Polygon will now have full access to Fireblocks’s tools, which includes a host of diverse products all aimed at facilitating cryptocurrency adoption. These include the Fireblocks Asset Transfer Network, a secure interface for transacting with large sums of cryptocurrencies between institutions; The MPC Wallet-as-a-Service, which provides a secure and effective way of transacting with multi-owner cryptocurrency wallets; Fireblocks’s Security platform, which provides secure and efficient hardware for hosting extremely valuable wallets such as for centralized exchanges; and many more.
The Fireblocks integration will allow institutions to have easy access to the Polygon network for cheap and fast on-chain transactions with the advanced security features of the Fireblocks stack previously seen on other major chains. Thanks to Fireblocks, institutions will also have a familiar interface with the vibrant DeFi ecosystem on Polygon, which includes many secondary deployments of protocols like Aave, SushiSwap and others, in addition to native DeFi platforms that take advantage of Polygon’s high scalability.
“I’m very excited to be working with Fireblocks to provide an institution-friendly way of accessing the Polygon Commit Chain,” said Jainti Kanani, CEO and Co-Founder of Polygon. “The Fireblocks toolsuite offers everything that major funds and institutions need to interface with blockchains, including security and regulatory compliance. Now, accessing Polygon for institutions is as easy as any other major blockchain.”
“The Polygon Network has quickly become the leading scalability solution for Ethereum, both via its current Commit Chain and the innovative Polygon SDK,” said Michael Shaulov, CEO and Co-Founder of Fireblocks. “We are excited to be supporting the growing network to offer the best-in-class tools for security, ease of use and compliance for institutional customers.”
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, 350M+ txns, and ~13.5M+ distinct users.
About FireblocksFireblocks is a leading enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables banks, fintechs, exchanges, liquidity providers, OTCs and hedge funds to securely manage digital assets across a wide range of products and services. The technology consists of the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 200 financial institutions and has secured over $400 billionin digital assets. Fireblocks has a unique insurance policy that covers assets in storage & transit and offers 24/7 global support. For more information, please visit www.fireblocks.com.