Timechain expands its institutional footprint by joining the Fireblocks Network
Timechain announced today it will join the Fireblocks network to increase its institutional-grade exposure. Timechain is a Quebec, Canada-based crypto tech startup that specializes in the management of digital assets and decentralized finance (DeFi) services.
The secure financial ecosystem provides more robust trading and financial tools than other Canadian cryptocurrency service providers. Moreover, its TimeChainSwap distributed exchange aggregator combines liquidity across multiple networks and ecosystems, achieving a much-needed degree of interoperability.
Growing institutional interest in cryptocurrency assets creates new opportunities for established crypto firms. Integration with Fireblocks enables Timechain to expand its reach to hundreds of institutional network participants. That list includes major global banks, OTCs, asset managers, liquidity providers, and hedge funds.
“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,” said Louis Cléroux, CEO of Timechain. “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.”
Fireblocks has noted significant growth since its launch in mid-2020. The Network has noted a six-fold network participation increase, bringing its Network to over 400 participants. In addition, the integration of Timechain introduces rails to access decentralized finance solutions and options for crypto asset management.
“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,” said Michael Shaulov, CEO and co-founder of Fireblocks. “By allowing customers the ability to leverage the security of the Fireblocks infrastructure, Timechain will be able to expedite the introduction of new tools while growing the roster of digital assets it can support.”
Fireblocks is the leading digital asset security platform in the blockchain and cryptocurrency industry. Their approach of helping institutional clients keep digital assets safe by securing private keys, API credentials and removing the need for deposit addresses is stellar.
More importantly, it presents Timechain with significant opportunities to increase its institutional reach. Timechain´s solution introduces various revenue streams, including TimechainSwap rewards, DeFi NFTs, and more.
Founded in 2019 by Louis Cleroux, Timechain is a Canadian registered Money Services Business (MSB) that specializes in digital asset management and DeFi (Decentralized Finance) services. It is the creator of TimechanSwap, a Distributed Exchange (DEX) aggregator spanning the Binance Smart Chain, Ethereum, and Fantom blockchain ecosystems. It connects a variety of DEXs into one platform and allows its users to find the most efficient swapping routes across all integrated platforms.
Timechain is also building its own DEX with support for a range of well-known DeFi services including liquidity pools, yield farming, and staking to incentivize liquidity and support for its native TCS token.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1000 financial institutions, has secured the transfer of over $2 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit.