Fireblocks Launches Support for Moonriver’s MOVR and Moonbeam’s GLMR tokens

Businesses can now leverage Fireblocks to build crypto products and services around Moonbeam’s ecosystem for millions of people around the world

BOSTON, April 27, 2022 /PRNewswire-PRWeb/ — The Moonbeam Foundation is pleased to announce that Moonbeam and Moonriver integrations with Fireblocks are now live and available for use. Fireblocks is the leading custody technology and liquidity network for institutional customers, and this integration makes it possible for Fireblocks clients to build crypto products and services including in-house custody solutions, NFT marketplaces, trading services and more around Moonbeam’s GLMR and Moonriver’s MOVR tokens. Moonbeam and Moonriver are the first Polkadot parachains to launch on Fireblocks.

This integration unlocks the ability for businesses and millions of their customers to custody MOVR and GLMR tokens, and build new ways to participate in Polkadot’s growing DeFi ecosystem. Fireblocks is the only technology platform that offers multi-layer security for digital assets, protecting them from cyber attacks, internal fraud and human error. Their impressive client roster includes over 1000 exchanges, lending desks, custodians, banks, trading desks, and hedge funds.

“As a decentralized network, Moonbeam will be most successful if a wide variety of users are able to interact with the network. However, a large number of institutional participants have specific technical and security requirements which prevent them from being able to engage,” said Aaron Evans, Director of the Moonbeam Foundation. “Fireblocks’ institutional-grade custody solution meets and exceeds the functional and security requirements for these users and thus opens the door for a new class of participants in the Moonbeam ecosystem. We look forward to working with Fireblocks to expand the Moonbeam token holder community.”

Fireblocks also supports Wallet Connect, allowing users to directly interact with the Moonbeam DApp in order to stake their custodied assets. To connect to the DApp, users can configure their wallet for the appropriate network (Moonbeam or Moonriver), scan the provided QR code, and simply choose which address will be used to interact with the staking application.

“Adding support for Moonbeam and Moonriver integrations on Fireblocks will further expand institutional access to the largest and fastest growing decentralized finance markets,” said Michael Shaulov, CEO at Fireblocks. “Polkadot has grown a vibrant ecosystem and community around its blockchain, and we are excited to now enable our customers to participate in its networks.”

For media inquiries, please contact Jonathan Duran at (310) 260-7901 or Jonathan(at)MelrosePR(dot)com.

About Moonbeam
Moonbeam is a fully Ethereum-compatible smart contract platform on Polkadot that prioritizes secure cross-chain interoperability. As a leading Web3 development platform, Moonbeam offers rich integration and decentralized solutions that allow developers to build native multi-chain DApps and port their existing smart contracts across chains with ease. Moonbeam natively supports existing ERC-20 assets to help extend a project’s reach into a multi-chain ecosystem.

Media Contact

Jonathan Duran, Melrose PR, (310) 260-7901, [email protected]

 

SOURCE Moonbeam

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