Key takeaways:
- Canadian DeFi trading platform Timechain has announced a partnership with Fireblocks, a leading digital asset platform for institutions
- Thanks to the newly-penned partnership, Timechain will be able to offer its core crypto services to a bigger number of institutional investors
- Fireblocks’ CEO said the collaboration with Timechian will help the company increase its footprint in Canada
Timechain integrates with the enterprise-oriented Fireblocks network
Canadian cryptocurrency service provider Timechain has announced it is joining forces with Fireblocks, an enterprise-grade digital assets platform, to increase its exposure to institutional clients, including major banks, hedge funds, and asset managers.
Over the past couple of years, the Timechain team has built a comprehensive cryptocurrency platform that features a number of decentralized finance (DeFi) services and trading tools. In addition, the company’s decentralized TimeChainSwap exchange aggregation platform is designed to interoperate with multiple blockchain ecosystems, facilitating high liquidity and capital efficiency.
Timechain is Launching ‘Crypto Cups’ NFT Collection to Boost its DeFi Ecosystem
Louis Cleroux, CEO of Timechain, commented on the newly-established partnership with Fireblocks:
“This partnership allows us to offer our customers an ultra-secure product and will give us the opportunity to scale up our business in the future. This is an important step in the growth of our company. We will also be able to continue our efforts to educate the general public about the world of cryptocurrency.”
In less than two years since its launch, Fireblocks has seen a six-fold increase in the number of network participants and has secured the transfer of $2 trillion worth of digital assets on behalf of its corporate clients to date. The company is trusted by more than 800 institutional–grade investors spanning multiple industries.
The collaboration with Timechain marks a significant milestone for the Fireblocks team as it prepares for an expansion in the Canadian market. Michael Shaulov, CEO and co-founder of Fireblocks, explained:
“We are excited to continue expanding our footprint in Canada, and this integration with Timechain will enable Fireblocks to help secure the assets of Timechain’s customers in the region.”
Shaulov also added that by leveraging the security of the Fireblocks DLT infrastructure, “Timechain will be able to expedite the introduction of new tools while growing the roster of digital assets it can support.”
Trought the collaboration with Fireblocks, Timechain will be able to offer its core crypto services, including TimeChainSwap rewards, DeFi NFTs, such as the recently launched “Crypto Cups” collection, and more, to institutional-grade clients seeking crypto exposure.
