We’re excited to announce that Trident, a leading, institutional-grade service provider in the digital asset space, has chosen Fireblocks as a key technology partner to power its diverse range of services.
Trident has established itself as a comprehensive solution provider in the digital asset ecosystem, offering a suite of services designed to meet the complex needs of institutional clients:
- Undercollateralized and oversecured lending via the Trident Conduit platform
- Structured finance solutions addressing regulatory constraints and tax optimization
- Treasury management services
- Stablecoin advisory and on-chain liquidity programs
With this broad spectrum of offerings, Trident is positioned at the forefront of institutional digital asset services, bridging the gap between traditional finance and the crypto world.
How Trident is leveraging Fireblocks
Trident is leveraging Fireblocks and the Fireblocks Network in three major ways, each contributing to enhanced security, efficiency, and scalability:
1. Lending conduit
The Trident Digital lending platform is harnessing the power of the Fireblocks ecosystem to connect with a wide range of network participants, from liquidity providers to trading houses and custodians. This integration enables efficient and secure movement of borrowed tokens within the platform and across connected trading venues.
As Trident scales its lending capabilities, Fireblocks has become the backbone of its operations, ensuring transferability of features and maintaining robust security standards.
2. Structured finance
In the increasingly complex world of digital asset finance, having a robust and transparent base layer is crucial for delivering efficient and error-proof outcomes to clients. Trident has made Fireblocks an integral part of its structured products offering, requiring all participating clients to deploy from Fireblocks wallets. This requirement has become a gating factor, underlining the importance of Fireblocks in Trident’s ecosystem.
3. Stablecoin adoption
Trident has been at the forefront of stablecoin adoption, successfully executing PYUSD deployments on both Ethereum and Solana networks. The Trident team worked closely with Fireblocks to ensure correct wallet configuration, enabling seamless usage of PYUSD on Solana. Notably, a vast majority of the capital deployed in these initiatives came from Fireblocks wallets, highlighting the trust and reliance placed in the Fireblocks platform.
Looking ahead, Trident is set to launch additional liquidity programs on various chains including Bera Chain, Flow, SEI, SUI, SOL, and Injective. The integration with Fireblocks is key to the success of these implementations, with Trident working closely to ensure Fireblocks support is enabled on each chain prior to or shortly after launch. This collaboration allows institutional capital to participate seamlessly in these new ecosystems.
As Trident advances its on-chain liquidity and DeFi stablecoin adoption programs, the partnership with Fireblocks ensures easy and secure interoperability for clients, further solidifying Trident’s position as a leader in institutional digital asset services.
The partnership between Trident and Fireblocks exemplifies the power of collaboration in the digital asset industry. By leveraging Fireblocks’ secure infrastructure and extensive network, Trident has been able to offer innovative, institutional-grade services across lending, structured finance, and stablecoin adoption.
