Fireblocks has consistently led the way in providing the fastest and most diverse range of blockchain support. With a growing list of over 60 supported blockchains, Fireblocks enables our customers to securely custody tokens on the latest chains and quickly build innovative services for their customers. Today, we are excited to announce that Fireblocks has expanded our support for the Cosmos ecosystem – delivering custody, DeFi, and staking support across several leading appchains.

For hackers in 2024, digital assets likely look like a gold mine. Looking back at 2023, many people in the industry celebrated that there were only $1.5 billion of funds stolen due to hacks and security breaches over the course of the year (a smaller number when contrasted with 2022’s jaw-dropping $3.8 billion).

Fireblocks now offers support for $EIGEN, alongside access to restaking via EigenLayer, a leading protocol in the Ethereum ecosystem. This integration allows ETH stakers to generate additional rewards without committing further collateral through a process called “restaking.” EigenLayer is set to launch the first round of its EIGEN token stakedrop on May 10, 2024.

Fireblocks has launched support for zkSync, aimed to significantly boost the scalability and security of blockchain solutions for enterprises and institutions. The integration also enables Fireblocks customers to build and deploy their own hyperchains on zkSync.

Fireblocks Automation streamlines treasury and finance operations by automating manual processes involved in digital asset management. From rebalancing wallets and sweeping funds to converting tokens and managing payment flows, Fireblocks Automation significantly reduces the time, cost, and risk associated with manual operations so your team can boost operational efficiency and focus on growth.

The world of payments is having its “Henry Ford” moment. Traditional organizations in the industry, from payment service providers (PSPs) to banks, are still using the equivalent of horses for settlement and cross-border transactions. In contrast, innovative startups and certain forward-looking incumbents have embraced this industry’s Model T – blockchain technology. The results that payments providers exploring blockchain have reported thus far can’t be ignored.

The financial industry is making new moves, with tokenization projects coming to light to bring traditional assets into the public blockchains and increasing their distribution and liquidity. The trend gained momentum with the issuance of bonds and other funds in the last 12 months.

Designing a blockchain-based product requires extensive planning in order to deliver a compelling set of features with the best possible user experience. Every aspect of the product matters – from the user interface to the backend logic in the codebase. However, important security and compliance vectors tend to slip through the cracks. This blog post aims to offer a new perspective on enhancing your blockchain product’s design and architecture by incorporating some key elements.

Zodia Markets, a UK-headquartered institutional crypto trading business backed by Standard Chartered, has integrated Fireblocks to support the increased adoption of digital asset-based cross-border transactions. This strategic move offers a first-of-its-kind solution to improve efficiency in cross-border payments using stablecoins.

The next crypto bull run is coming. Bitcoin’s price is up 120% from this time last year, and previous Bitcoin halving events have resulted in growth across the entire digital asset ecosystem. Given this growth, the space is witnessing significant institutional interest and a push for secure, reliable blockchain platforms.