Fireblocks expands its support for Tezos blockchain, extending institutional access and support to the growing DeFi and Web3 ecosystem.
Fireblocks users can securely custody FA1.2 and FA2 token standards on Tezos and leverage the Fireblocks’ Web3 Engine to build new products and services on the Tezos blockchain. FA1.2 supports fungible tokens, and FA2 supports the coexistence of fungible and non-fungible tokens, allowing for the creation of more assets related to DeFi, NFTs, DAOs, amongst others.
To date, there are hundreds of dApps and Web3 projects building in the Tezos ecosystem, including brands like Mclaren Racing, Ubisoft, Manchester United, and more. Expanding our support for Tezos underscores our commitment to supporting corporations as they advance and adapt their De-Fi and Web3 initiatives.
Effective immediately, Fireblocks users can:
- Custody Tezos FA1.2 and FA2 token standards in their Fireblocks Vault
- Securely transfer Tezos FA1.2 and FA2 tokens on the Fireblocks Network
- Build Defi and Web3 products and services on the Tezos blockchain using Fireblocks’s Web3 Engine
Fireblocks brings unrivaled expertise in enterprise-grade non-custodial and infrastructure solutions. The integration paves the way for institutional players to access Tezos dApps and tokens and opens projects that are utilizing the Fireblocks stack to deploy on Tezos with minimal effort.
About Tezos
Tezos is an open-source project and a scalable, energy-efficient public blockchain for assets and applications. It empowers builders, developers, and businesses to deploy applications at low cost. One of the original Proof of Stake blockchains, the Tezos protocol is supported by a global peer-to-peer network and is valued for its long-term upgradability, open participation, and smart contract safety.
According to Messari, the total value locked (TVL) in Tezos’ DeFi protocols has doubled in the past year as its market cap grew 55%. Recent network upgrades and focus on enhancing the scalability of Smart Rollups have also enabled the Tezos blockchain to surpass one million transactions per second.
