Fireblocks has right now introduced assist for SOL, the native token of the Solana blockchain, on its institutionally-focused digital asset platform.
The enterprise platform, which is utilized by establishments to safe over $2tn in digital asset transfers, at the moment has $45bn in property below custody (AUC) and follows a “wave of recent property” added to the platform because it continues to develop institutional DeFi entry by way of an array of blockchains together with Ethereum, Avalanche and Fantom.
By the addition of Solana, greater than 800 Fireblocks prospects can now securely and simply ship, obtain or custody its native token, SOL, utilizing the platform. As well as, before the tip of Q1, Fireblocks will probably be launching assist for SPL tokens alongside staking for each native SOL and SPL tokens.
Solana and its native token SOL – which at the moment has a market cap of $42bn and a TVL (total value locked) of $9.65bn – have confirmed to be a giant hit with institutional prospects resulting from sooner speeds and decrease transaction charges in comparison with different layer-1 opponents.
“Assist for the native Solana token has been a lot anticipated by Fireblocks prospects – throughout the first weekend of saying assist for SOL, we noticed near 25% of all Solana SOL token quantity happening on the Fireblocks platform,” he stated.
“We’re excited to lastly make SOL out there to greater than 800 of our institutional prospects and look ahead to seeing SOL go reside throughout the quite a few services which can be being powered by our infrastructure.”
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