December 9, 2024

Telos x Fireblocks: Empowering Institutional-Grade Security and Accessibility

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Telos, a Web3 Venture Studio owned and shaped by its community, is leading the way in blockchain innovation with one of the fastest and most efficient Layer 1 blockchains available today. With a remarkable transaction speed of 15,000 TPS, gas fees as low as $0.001, 0.5-second block times, and zero downtime since its launch in 2021, Telos is thrilled to announce its integration with Fireblocks. This partnership represents a major milestone, enabling institutions and businesses to securely custody $TLOS and other Telos EVM-based assets while seamlessly engaging with DeFi applications on Telos EVM.

About Fireblocks

Fireblocks is a leading digital asset platform that simplifies and secures digital asset operations for over 2,000 financial institutions, including exchanges, banks, hedge funds, custodians, and payment service providers. With its MPC-based wallet infrastructure and extensive Fireblocks Network, the platform has securely transferred over $6 trillion in digital assets. Fireblocks empowers businesses to scale securely while delivering the tools needed to innovate in the blockchain space.

Bringing Advanced Security and Accessibility to Telos

Through this integration, Telos harnesses Fireblocks' enterprise-grade wallet and custody technology to enhance security, scalability, and accessibility for its growing ecosystem. Institutions and businesses can now leverage Fireblocks’ state-of-the-art infrastructure to:

  • Securely custody $TLOS and Telos-based assets: Fireblocks' distributed key management and MPC wallet technology eliminates single points of failure, ensuring institutional-grade security for digital asset holdings.
  • Interact seamlessly with Telos EVM DeFi: Fireblocks’ robust APIs and tools simplify connectivity, enabling direct interaction with DeFi applications on the Telos network without the need for complex customizations.
  • Expand access through Fireblocks’ extensive network: Over 2,000 institutions and businesses in the Fireblocks ecosystem can now explore Telos-based projects and assets with ease.

Key Enhancements with Fireblocks Integration

  1. Institutional-Grade Custody: Fireblocks’ advanced private key management ensures that $TLOS and Telos-based assets are safeguarded with the highest levels of security. This includes protection against internal and external threats.
  1. DeFi Accessibility: By leveraging Fireblocks’ Contract Call APIs, WalletConnect, and Browser Extension, institutions can seamlessly interact with DeFi protocols and applications on the Telos EVM. This simplifies asset transfers, staking, liquidity provisioning, and more.
  1. Operational Efficiency: Fireblocks’ streamlined wallet infrastructure enables faster and more cost-efficient transactions, aligning with Telos’ mission to provide a high-performance, low-cost blockchain experience.
  1. Global Reach via Fireblocks Network: The Fireblocks Network connects Telos to a global network of institutional players, facilitating new opportunities for engagement and collaboration within the Telos ecosystem.

Driving Institutional Adoption

The integration with Fireblocks positions Telos at the forefront of institutional blockchain adoption. By offering a secure and scalable solution for $TLOS and Telos-based assets, Telos is opening its doors to new markets and use cases. This partnership enhances Telos’ appeal to financial institutions, custodians, and enterprises looking to integrate blockchain technology into their operations.

Looking Ahead

Telos’ vision of a high-performance blockchain ecosystem aligns seamlessly with Fireblocks’ commitment to security and scalability. Together, we’re unlocking the future of blockchain technology for businesses and institutions worldwide. Stay connected with Telos for more updates and join the conversation on X and Discord.

For more information, visit Telos.net or Fireblocks.com.

Disclaimer

The content provided in this article is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consult with a professional before making any financial decisions. Cryptocurrency investments along with other asset classes can be volatile and can result in potential losses. Always use caution, practice due diligence, and never invest capital you cannot afford to lose. Remember to always maintain the security of your accounts, use strong passwords, enable two-factor authentication, and be wary of phishing attempts. Stay safe and invest responsibly.

About The Telos Foundation

Telos is a decentralized blockchain ecosystem that includes Telos EVM, which is tested as the fastest Ethereum Virtual Machine globally, and its high-speed consensus layer, Telos Zero. With its continued focus on helping push forward the global adoption of Zero Knowledge technology, Telos is also currently developing a hardware-accelerated Ethereum Layer 2 network powered by SNARKtor, with the goal of enhancing privacy and scalability for global use cases at scale. Telos is overseen by The Telos Foundation, an ownerless foundation dedicated to advancing the Telos blockchain network and its community.

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