Polygon and Fireblocks join forces to bring secure interface for large transactions to users

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Jul 15, 2021
  • Tools include secure interface, safe crypto wallet transactions, efficient hardware
  • Fireblocks’s Security platform makes efficient and secure hardware available to host high-value wallets
  • Integration gives institutions easy access to low-cost, fast on-chain transactions through the Polygon network

Polygon (MATIC/USD) and Fireblocks are working to bring Polygon users a full-range suite of crypto infrastructure products, which include a secure interface for large crypto transactions between institutions, the Fireblocks Asset Transfer Network, Invezz learned from a press release. Users, projects, and institutions building on Polygon’s network, which is based on Ethereum (ETH/USD), will now have full access to Fireblocks’ many tools.

Secure interface, safe crypto wallet transactions, efficient hardware, and more

The range of diverse products targeting easier cryptocurrency adoption goes beyond the Fireblocks Asset Transfer Network to include the MPC Wallet-as-a-Service, which is an effective and completely safe method of transacting with crypto wallets with multiple owners, and Fireblocks’s Security platform, which makes efficient and secure hardware available to host high-value wallets, such as those used for centralized exchanges. These products and services bring Polygon institutional-grade security and tools.

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Jainti Kanani, CEO and Co-Founder of Polygon, commented on the project:

“I’m very excited to be working with Fireblocks to provide an institution-friendly way of accessing the Polygon Commit Chain. The Fireblocks tool suite offers everything that major funds and institutions need to interface with blockchains, including security and regulatory compliance. Now, accessing Polygon for institutions is as easy as any other major blockchain.”

Michael Shaulov, CEO and Co-Founder of Fireblocks, added:

“The Polygon Network has quickly become the leading scalability solution for Ethereum, both via its current Commit Chain and the innovative Polygon SDK. We are excited to be supporting the growing network to offer the best-in-class tools for security, ease of use and compliance for institutional customers.”

The new integration between the two platforms will give institutions easy access to low-cost, fast on-chain transactions through the Polygon network, characterized by Fireblocks stack’s advanced security features, which we have seen on other major chains before. Institutions will be able to take advantage of a familiar interface on Polygon with its diverse and resource-rich DeFi ecosystem, which features native DeFi platforms that benefit from Polygon’s superior scalability and a number of secondary deployments of protocols like SushiSwap (SUSHI/USD) and Aave (AAVE/USD).

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