Timechain DeFi asset management firm joins Fireblocks network to get closer to hundreds of institutions
Inhalter
Timechain, a multi-product architecture of solutions for assets management and liquidity logistics in DeFi, has scored an important partnership on its way to institutional adoption.
Timechain ecosystem joins Fireblocks network
No der offizieller Ukënnegung gedeelt vun der Timechain team, it has entered a long-term strategic partnership with Fireblocks, an enterprise-grade platform for digital assets storage.
Here’s a snapshot of what our DEX dev team has accomplished so far ??? #LFG #Timechain @FantomFDN @FTMAlerts pic.twitter.com/EQG8eR8XYi
— TimechainSwap TCS (@Timechainapp) Februar 22, 2022
With this partnership, Timechain’s services will be avaliable for a plethora of major global banking institutions, “over-the-counter” trading services, asset management platforms, liquidity providers and hedge funds.
Louis Cléroux, CEO of Timechain, emphasizes the importance of the new partnership for Timechain’s solutions’ adoption and for DeFi progress in the segment of institutions:
Dës Partnerschaft erlaabt eis eise Clienten en ultra-séchert Produkt ze bidden, a gëtt eis d'Méiglechkeet fir eist Geschäft an Zukunft opzebauen. Dëst ass e wichtege Schrëtt am Wuesstum vun eiser Firma. Mir wäerten och fäeg sinn eis Efforten weiderzeféieren fir d'Allgemengheet iwwer d'Welt vun der Krypto Währung ze educéieren.
To provide context, the number of Fireblocks residents spiked sixfold since 2020: now, 400 fintech majors are interconnected on this platform, and counting.
Bringing DeFi instruments to institutions: What is Timechain?
Michael Shaulov, CEO and co-founder of Fireblocks, is excited by the mission of Timechain and the vision of its team as well as the opportunity to strengthen Fireblocks’ positions on the Canadian market:
Mir si begeeschtert fir weider eise Foussofdrock a Kanada auszebauen, an dës Integratioun mat Timechain erlaabt Fireblocks fir d'Verméigen vun Timechain Clienten an der Regioun ze sécheren. Andeems de Clienten d'Fäegkeet erlaabt d'Sécherheet vun der Fireblocks Infrastruktur ze profitéieren, wäert Timechain fäeg sinn d'Aféierung vun neien Tools ze beschleunegen, wärend d'Roster vun digitale Verméigen wuessen, déi se ënnerstëtzen.
As covered by U.Today previously, Timechain created a hierarchy of DeFi solutions on the top of liquidity pools and native DEX module TimeChainSwap.
The protocol is incorporated in Canada as a licensed Money Services Business (MSB); its clients can benefit from various liquidity, NFT and DeFi initiatives.
TCS token is a building block of Timechain’s tokenomic design.
Source: https://u.today/timechain-expands-its-presence-in-institutional-segment-joins-fireblocks-network