Timechain joins Fireblocks to increase exposure

Timechain has joined the Fireblocks network to increase its institutional-grade exposure, Invezz learned from a press release. The well-known and respected Canadian firm specializes in the management of digital assets and decentralized finance (DeFi) services.

Its secure financial ecosystem ensures more robust trading and financial tools than those provided by other Canadian cryptocurrency services. Its distributed exchange aggregator, TimeChainSwap, combines liquidity across multiple ecosystems and networks, attaining a much-needed degree of interoperability.

Timechain expands reach to hundreds of participants

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Increasing institutional interest in cryptocurrencies has led to new opportunities for established crypto firms. The integration with Fireblocks allows Timechain to include hundreds of institutional network participants in its scope, including major OTCs, global banks, asset managers, hedge funds, and liquidity providers.  

Louis Cléroux, CEO of Timechain commented:

This partnership allows us to offer our customers an ultra-secure product, and will give us the opportunity to scale up our business in the future. This is an important step in the growth of our company. We will also be able to continue our efforts to educate the general public about the world of cryptocurrency.

Six-fold network participation growth

Fireblocks has achieved substantial growth since launching less than two years ago. Network participation has grown six times, reaching more than 400 participants. Moreover, the integration of Timechain introduces infrastructure to access decentralized finance solutions and options for crypto asset management.

Michael Shaulov, CEO and cofounder of Fireblocks added:

We are excited to continue expanding our footprint in Canada, and this integration with Timechain will enable Fireblocks to help secure the assets of Timechain’s customers in the region. By allowing customers the ability to leverage the security of the Fireblocks infrastructure, Timechain will be able to expedite the introduction of new tools while growing the roster of digital assets it can support.

A leading digital asset security provider

Fireblocks is a leading digital asset security platform in the crypto and blockchain industry. They help institutional clients keep their digital assets safe by securing API credentials and private keys and removing the need for deposit addresses.

The integration gives Timechain significant opportunities to grow its reach, such as through a number of revenue streams, including DeFi NFTs, TimechainSwap rewards, and more.