2024

Secure

THORChain

Fireblocks has partnered with the decentralized liquidity protocol, THORChain, to revolutionize cross-chain transactions. This collaboration introduces enhanced custody and transfer capabilities for RUNE, THORChain’s native token, across various blockchains like Bitcoin, Ethereum, BNB Chain, and Cosmos.
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 Fireblocks now offers secure custody and transfer for RUNE, with plans to enable staking and access to <a href="https://twitter.com/THORChain?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@THORChain</a>'s liquidity features. Fireblocks users can do the following with THORChain: 🔹 Secure custody of <a href="https://twitter.com/search?q=%24RUNE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$RUNE</a> in Fireblocks Vault 🔹 Seamless, secure transfers on the… <a href="https://t.co/qTtSCEe2VB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/qTtSCEe2VB</a>— Fireblocks (@FireblocksHQ) <a href="https://twitter.com/FireblocksHQ/status/1804158240273391961?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 21, 2024</a>
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Revamping Asset Exchanges
The integration facilitates seamless asset exchanges, providing Fireblocks users with efficient and secure transaction options. Moreover, it supports RUNE staking and leverages THORChain’s decentralized liquidity features, significantly improving accessibility for institutional investors.
Fireblocks’ <a href="https://www.fireblocks.com/blog/fireblocks-x-cosmos-exploring-thorchain/" target="_blank" rel="noopener noreferrer nofollow">alliance</a> with THORChain is set to redefine the blockchain ecosystem by enabling direct settlements without the need for wrapped or bridged tokens. This strategic move reduces transaction risks and streamlines the exchange process across different blockchain platforms.&nbsp;
Additionally, it enhances overall market liquidity and stability, positioning the partnership as a cornerstone for future innovations in decentralized finance.
Gavin McDermott said, ” THORChain is the industry’s largest decentralized, native asset settlement backbone. With billions in weekly volume, THORChain removes dependencies on wrapped or bridged assets, allowing swaps between native Bitcoin, ETH, Cosmos, and other major chains. With the Fireblocks integration live, we’re now bringing the power of seamless cross-chain settlement to the institutional market.”
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 Also Read: <a href="https://www.cryptotimes.io/2024/06/20/fireblocks-and-tres-form-alliance-to-streamline-crypto-audits/" target="_blank" rel="noopener noreferrer nofollow">Fireblocks and Tres Form Alliance to Streamline Crypto Audits</a>
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