Fireblocks Partners with THORChain for Improved Cryptocurrency Trading Experience

Fireblocks has forged a strategic partnership with THORChain, a decentralized liquidity network, in an effort to transform the dynamics of cross-chain transactions. The alliance empowers users with advanced custody features and versatile transfer functionalities for RUNE—the native cryptocurrency of THORChain—over a range of blockchains including Bitcoin, Ethereum, BNB Chain, and Cosmos.

Enhancing Asset Trading

Through this integration, the exchange of assets becomes more fluid and secure, offering Fireblocks clientele new avenues for efficient and safeguarded exchanges. The initiative also enables the staking of RUNE and the adoption of decentralized liquidity services from THORChain, thereby improving institutional investors’ access to these resources.

The cooperative venture between Fireblocks and THORChain marks a significant revolution in the blockchain realm by enabling direct, intermediary-free settlements. This strategy minimizes the risks associated with transactions and simplifies the swapping process across diverse blockchain infrastructures.

This enhancement of liquidity and market stability in the global market landscape solidifies the partnership as a pivotal turning point for the progressive future of decentralized finance (DeFi).

Gavin McDermott remarked, “Acting as the sector’s predominant decentralized settlement backbone for native assets, THORChain manages billions in volume weekly. It eliminates the necessity for wrapped or bridged assets, permitting direct exchanges between Bitcoin, Ethereum, Cosmos, and other significant blockchains. The recent functional release of Fireblocks has opened the gates for institutional markets to the realm of effortless cross-chain settlements.”

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