Fireblocks adds support for TRON DAO’s TRX and all TRC20 tokens

Fireblocks, the leading digital asset and crypto infrastructure platform, today added support for all TRC20-based tokens of the TRX and TRON DAO blockchain on its enterprise-focused digital asset platform.

With one of the largest and most active communities, extremely low transaction fees and high scalability, TRON is a Top 3 blockchain and one of the most popular tier 1 DAOs in the industry. In the first 72 hours of Fireblocks’ Early Access Program, which allows customers to get TRON functionality, Fireblocks saw $35 million in trading volume.

Fireblocks currently supports over 1,100 tokens and over 35 protocols. To date, Fireblocks clients have accumulated $45 billion in escrow on the platform, which institutions use to secure over $2.5 trillion in digital asset transfers. Today’s announcement follows the recent rise of new assets being added to the platform while expanding enterprise DeFi reach.

More than 1,200 liquidity partners, trading venues and counterparties on the Fireblocks Network can now securely and seamlessly send, receive or store TRX and other TRC20 tokens using TRON DAO’s platform.

“We have seen a lot of demand from our customers to support TRX and TRC20 tokens. “We are excited to be able to offer these tokens to our institutional clients and look forward to supporting the continued growth of the ecosystem,” said Michael Shaulov, Fireblocks CEO and Co-Founder.

“TRON was built with the core mission of making blockchain technology accessible to users, developers or investors,” said HE Justin Sun, Founder of TRON. “It’s exciting to see TRON DAO continue to grow and the enterprise community has partnered with industry leaders like Fireblocks.”

About fireblocks

Fireblocks is an enterprise-grade platform that offers a secure infrastructure to move, store and publish digital assets. Fireblocks enables exchanges, lenders, custodians, banks, trading desks and hedge funds to securely scale their digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure.

Fireblocks serves more than 1,200 financial institutions, has secured over $2.5 trillion in digital asset transfers, and has a unique insurance policy that covers assets in storage and transfer. Some of the biggest trading desks have switched to Fireblocks as it is the only solution that both CISOs and Operations Teams love. For more information please visit www.fireblocks.com.

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Chi Zhao, CEO of Hokku Public Relations

[email protected]

About TRON DAO

TRON is committed to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps). Founded by HE Justin Sun in September 2017, the TRON network has continued to deliver impressive success since MainNet’s launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users.

The TRON network has gained incredible traction in recent years. As of May 2022, it has over 94 million total user accounts on the blockchain, over 3.2 billion total transactions, and over $10 billion in total locked value (TVL). TronScan. Additionally, TRON is hosting the largest circulating supply of USD Tether stablecoins worldwide, surpassing USDT on Ethereum since April 2021.

The TRON network completed full decentralization in December 2021 and is now a community-run DAO. Recently, algorithmic stablecoin USDD was announced on the TRON blockchain, backed by TRON DAO Reserve, the first crypto reserve for the blockchain industry, marking TRON’s official entry into decentralized stablecoins.

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Feroz Lakhani
[email protected]

Disclaimer: This is a paid post and should not be considered news/advice.

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