10 August 2023

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Fireblocks Extends Full Support for Tezos, Increasing Institutional Access to DeFi and Web3 Ecosystem

Fireblocks has announced the launch of its comprehensive support for Tezos. This development allows Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.

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The new collaboration brings Tezos to the forefront, joining the world’s most extensive institutional digital asset transfer network.

Fireblocks has announced the launch of its comprehensive support for Tezos, a scalable and energy-efficient public blockchain. This development allows Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.

From today, a vast range of digital asset and crypto capital market participants can securely handle their Tezos assets from their Fireblocks Wallet, connecting to the rapidly expanding ecosystem of Decentralized Finance (DeFi) and Web3 applications on Tezos.

Michael Mendes, head of DeFi partnerships at Trilitech, the London-based adoption hub for the Tezos blockchain, remarked on the integration, stating:

“Fireblocks brings an unrivalled expertise in enterprise-grade non-custodial and infrastructure solutions. The integration paves the way for institutional players to access Tezos dApps and tokens and opens projects that are utilising the Fireblocks stack to deploy on Tezos with minimal effort.”

Michael Mendes – Head of DeFi Partnerships at Trilitech

The total value locked in Tezos’ DeFi protocols has seen a significant increase, doubling in the past year, and the market cap has grown by over 55%. The Tezos blockchain has also surpassed one million transactions per second, following recent network upgrades and a concentrated effort to enhance the scalability of Smart Rollups.

This advancement in technology and infrastructure has attracted numerous projects to build within the Tezos ecosystem, including notable brands such as McLaren Racing, Ubisoft, and Manchester United.

“By adding Tezos support on Fireblocks, we further solidify our commitment to supporting the blockchain developer community and empowering innovation in DeFi and Web3”

Omer Amsel, Head of Web3 at Fireblocks.

This integration emphasizes Fireblocks’ mission to enable the development of new products and services that harness the capabilities of blockchain technology, providing opportunities for customers and developers to more actively engage with the Tezos blockchain.

Fireblocks’ support for Tezos includes enabling its institutional customers and developers to access the industry-leading MPC-CMP custody technology. Users can connect across major blockchain networks directly from the Fireblocks console and employ Fireblocks’ Web3 engine to create, secure, and manage diverse Web3 applications, games, and experiences.


This comprehensive platform management contributes significantly to the streamlined development and operations of smart contracts and Web3 treasury, this enables the creation of direct-custody wallets for end-users, and securely managing smart contract development and operations.

Adoption

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Oxford 2 Upgrade for the Tezos Blockchain: Private Smart Rollups, Easier Baking, new Timelocks 

Tezos, a leading blockchain platform renowned for its self-amending capabilities and community-driven governance, has successfully activated Oxford 2, its fifteenth core protocol upgrade. The Oxford 2 upgrade includes enhancements to Smart Rollups and chain security and ensures Tezos remains at the forefront of blockchain innovation.

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Tezos Blockchain Enhances SaaS: Transforming Company Register Management with Izikap

Nomadic Labs recently spotlighted the launch of Izikap, a novel SaaS platform developed by the Xelians group. This platform, operating on the Tezos blockchain, represents a significant advancement in the digitalization and management of company registers. The introduction of Izikap marks a paradigm shift from traditional paper-based systems to a more efficient, digital, blockchain-powered approach.

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Etherlink: The Enshrined Layer 2 EVM Smart Rollup Is Set for Mainnet Launch in March 2024

Etherlink, the Tezos blockchain’s latest Layer 2 solution, is set to redefine the landscape of decentralized applications (DApps) with its upcoming mainnet launch in March 2024. This EVM-compatible, optimistic rollup distinguishes itself from other external Layer 2 platforms like Arbitrum, Optimism, and Polygon, due to its unique enshrinement within the Tezos blockchain.

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Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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