TL;DR
- Fireblocks has launched new features for its DeFi suite, including Swaps and Token Allowance Manager, enhancing security and simplifying access to applications.
- Tokens can now be swapped directly from the platform’s console, eliminating the need for external accounts and reducing operational risks.
- The company presented security advancements such as Key Link and MPC-BAM, and strengthened its presence through partnerships with Immutable and NongHyup Bank.
Fireblocks has announced an expansion of its Decentralized Finance (DeFi) suite, responding to the growing interest of institutions in the crypto market. The platform, designed to facilitate transactions, has handled a transaction volume of approximately $60 billion in 2024. The company has launched new features designed to improve security and simplify access for businesses to DeFi applications.
Fireblocks’ New Tools
Among the main innovations are Swaps and Token Allowance Manager. Fireblocks Swaps allows users to swap tokens directly from the platform’s console, using both offchain and onchain liquidity through the Uniswap API. This functionality eliminates the need to manage external accounts, reducing security risks and improving operational efficiency.
Meanwhile, Token Allowance Manager offers a tool to manage token allowances across different wallets, enabling users to revoke access to compromised smart contracts, a crucial measure to mitigate potential threats.
These innovations aim to facilitate the entry of institutions into popular DeFi applications such as Uniswap and Aave. At the same time, they ensure compliance with security and operational requirements. The expansion of Fireblocks’ DeFi suite responds to the growing demand for reliable solutions, particularly among startups, banks, and companies that want to adopt these technologies securely.
Security Advances
In addition to these new features, Fireblocks also presented security advancements during its SPARK conference. Notable among them are Key Link, which integrates key management with the platform’s wallet and compliance tools, and MPC-BAM, a next-generation protocol that increases signing speed and wallet creation by 100x, greatly enhancing scalability for high-performance applications.
The company has continued to strengthen its presence in the market through strategic partnerships, such as the integration with Immutable, a gaming blockchain, and collaboration with South Korean NongHyup Bank to tokenize VAT refunds on retail purchases. These initiatives demonstrate the company’s approach to driving the adoption of digital assets through secure and regulated custody solutions