Fireblocks integrates with Blockdaemon and Staked to launch new staking services

By Pavithra R

New York-based Fireblocks, an institutional platform for securely moving blockchain-based digital assets, has announced its integration with Blockdaemon and Staked to add new staking services for over 165 enterprise and institutional customers.

The new Fireblocks PoS capabilities will debut with initial support for Polkadot (DOT), Tezos (XTZ) and Eth 2.0. Besides leveraging Fireblocks’ secure MPC-based wallet technology and Network for crypto custody, the integration will enable institutional digital asset investors and managers to add staking to earn more revenue from DOT, Tezos or Ethereum 2.0 assets. The assets will be protected from cyber attacks, internal collusion and human error while accruing rewards.

“Fireblocks already simplifies securing and trading cryptocurrencies, like Bitcoin and Polkadot. With the roll-out of DOT staking, Fireblocks is quickly becoming an all-in-one solution for crypto power users,” said Jack Platts, Co-Founder of Hypersphere Ventures.

Fireblocks’ customers will now be able to:

• Stake DOT, XTZ and ETH 2.0 tokens all from its platform.
• Maintain custody of the funds in their Fireblocks MPC-based wallets with an interface to monitor staking performance on Staked and Blockdaemon.
• Enhance their yield by 5% to 15%

“To set up staking, you need the highest degree of security in storing the asset and delegating it to the staking nodes. There has been an increase in demand from our customers requesting simple and secure access to these strategies by utilizing their Fireblocks MPC wallet. We are extremely excited to roll out these new staking services on the largest PoS networks, giving our customers an opportunity to enhance their yield by 5% to 15%,” said Michael Shaulov, CEO of Fireblocks.

Founded in 2018, Fireblocks is a provider of enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. It offers an end to end security platform for transferring digital assets. The company streamlines all exchanges, OTCs, counterparties, hot wallets, and custodians into one platform and enables them to securely scale digital asset operations through patent-pending SGX & MPC technology. The firm has plans to prioritize supporting additional staking protocols in 2021.