IoTex integrates with Fireblocks to expand facility Depin operations

Keynote

IoTex integrates FireBlocks’ advanced security technologies to enhance the security of digital asset transactions. Collaboration opens opportunities for companies using IoTex in their distributed data tokenization and applications.

Iotex has announced a partnership with Fireblocks. This collaboration enables institutional investors and businesses to store, manage and transfer IoTex’s native tokens (IOTXs) more securely and efficiently.

According to IoTex, the integration uses FireBlocks’ Advanced Security Technology. This includes features such as Multi-Party Computing (MPC), Intel SGX, and a robust policy engine. This system ensures high security for digital asset transactions. Therefore, this collaboration opens up new possibilities for businesses using IoTex for depin data tokenization and decentralized applications, ensuring smooth and secure operations.

IoTex CEO and co-founder Raullen Chai noted that using Fireblocks is enhancing the security and accessibility of the ecosystem to meet institutional standards. He added that this further demonstrates the company’s commitment to connecting blockchain technology with real depin applications. Companies can now create innovative business models that leverage data from physical devices while maintaining enterprise-grade security standards. Raullen Chai said:

“By utilizing Fireblocks, we bring institutional grade security and accessibility to the IoTex ecosystem, enabling new liquidity channels and token adoption. This further highlights our commitment to bridge the world of blockchain and actual depin applications.”

Fireblocks integration strengthens the market presence of IoTex

IoTex has grown into a top blockchain platform that connects smart devices with blockchain technology. The company focuses on building distributed physical infrastructure networks. Therefore, its unique system has become a powerful force at the intersection of blockchain and Oio.

FireBlocks provides security to your digital asset space. It provides a comprehensive solution for businesses to manage cryptocurrencies and tokens. The platform provides robust security measures to store, transfer and protect digital assets from potential threats and unauthorized access.

Integration greatly improves the IoTex market presence by simplifying central exchange and token support for wallet providers. This improved accessibility is expected to increase the liquidity of the IoTex ecosystem, making it easier for participants to trade and use IoTex tokens. The team said:

“Companies using IoTex for device data tokenization and decentralized applications access robust, scalable infrastructure and ensure their assets are secure and operationally efficient. IoTex has further exposure to institutional players through the Fireblocks Network, the industry’s largest digital asset network, and drives the environment.

The IoTex-Fireblocks integration is a future-looking initiative for the adoption of blockchain. This partnership creates a safe and efficient environment for institutions to leverage blockchain technology in real-world applications. This collaboration will strengthen IoTex’s market position. We are also working to broader adoption of digital assets in actual enterprise-level implementations.

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Temitope is a writer with over four years of writing experience across a variety of niches. He has a special interest in fintech and blockchain space and enjoys writing articles in those areas. He holds a bachelor’s and a master’s degree in linguistics. When not writing, he exchanges forex and plays video games.

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