The digital asset platform Fireblocks announced the release of two new features aimed at enhancing compatibility with decentralized finance platforms like Uniswap and Aave.
Fireblocks Swaps and Token Allowance Manager
The Fireblocks Swaps feature will allow users to access liquidity from Uniswap Classic and UniswapX directly within the Fireblocks console. The Fireblocks Token Allowance Manager gives asset managers the ability to manage balances across various wallets and revoke malicious smart contracts on Ethereum. Both tools eliminate the need for managing external accounts, simplifying the process of decentralized exchange trading and access to DeFi protocols for institutional clients.
Simplifying Web3 Onboarding
Throughout 2024, Fireblocks has been gradually releasing features designed to ease startups, companies, and banks into the digital asset space. In July 2024, it introduced a Web3 startup toolkit, enabling the launch of their own projects with treasury and key management support. In August, Fireblocks secured a charter from the New York Department of Financial Services, enabling the company to offer custodial services to US clients.
Fireblocks Partnerships and Integrations
In the same month, Immutable, a gaming blockchain, integrated Fireblocks, providing game developers with a solution to store and manage digital assets like NFTs. Fireblocks also began exploring VAT tokenization with South Korean NongHyup Bank, aiming to reduce operational costs and streamline refund processes.
With the new features, Fireblocks continues to expand its reach in the decentralised finance sector, offering convenient solutions for institutional clients and fostering partnerships in the Web3 space.
