Fireblocks has released two tools to improve decentralized finance (DeFi) operations for institutional clients. Businesses can participate in Web3 technologies more easily with the new Fireblocks Swaps and Fireblocks Token Allowance Manager features, which aim to enhance compatibility with popular DeFi platforms like Uniswap and Aave.
The Fireblocks Swaps functionality allows users to directly access Uniswap’s liquidity from the Fireblocks console, making it easier to execute decentralized trades. Meanwhile, the Fireblocks Token Allowance Manager enables customers to better manage token holdings across wallets and withdraw permissions from potentially hazardous smart contracts on Ethereum, providing greater control and security.
Both capabilities eliminate the need for external accounts, simplifying the user experience and lowering the hurdles to entry for enterprises interested in exploring DeFi protocols. By combining these capabilities, Fireblocks hopes to give institutional clients a more user-friendly approach to Web3 interaction.
This announcement adds to Fireblocks’ overall aim of making digital assets more accessible to enterprises and financial institutions. Throughout 2024, Fireblocks has introduced several key innovations, including a Web3 toolkit for startups and a custodial service charter in New York.
These activities are establishing Fireblocks as a prominent platform in the evolution of digital asset management for institutions, bolstering its position in Web3 adoption. With these new solutions, Fireblocks simplifies Web3 entry for organizations, making DeFi more accessible and secure than ever before.
