Kava Chain has announced its integration with Fireblocks, a secure infrastructure provider for digital assets, enabling institutional investors to access and trade in Cosmos DeFi. This move marks a significant step towards expanding the Cosmos ecosystem and increasing institutional participation in decentralized finance. With Fireblocks’ robust security measures and Kava Chain’s advanced DeFi solutions, institutional investors can now enter the world of Cosmos DeFi with confidence and explore the various opportunities it offers. Don’t miss out on this groundbreaking collaboration that brings institutional investors closer to the thriving decentralized finance market.
Georgetown, Cayman Islands, September 1st, 2023 – Kava Chain, the decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, has announced its integration with Fireblocks, a leading enterprise platform for managing digital asset operations and fostering innovation in blockchain businesses. This integration will provide Fireblocks customers with safe and secure access to the growing Cosmos DeFi ecosystem through the Kava Chain.
Unlocking Opportunities with Kava Chain on Fireblocks
The integration of Kava Chain onto the Fireblocks Network marks an exciting milestone for both platforms. Idan Ofrat, Co-founder and Chief Product Officer at Fireblocks, expressed enthusiasm about bringing Kava’s innovative suite of DeFi app protocols and Cosmos DeFi access to their customers. Ofrat highlighted the increasing institutional interest in DeFi and mentioned that Fireblocks’ security measures and customizable Transaction Authorization Policy (TAP) will allow customers to explore and innovate in the DeFi arena while adhering to compliance and security requirements.
Historically, top-tier crypto institutions were unable to engage with dApps on-chain due to the lack of a robust connection to an MPC custody technology provider. However, with the integration of Fireblocks, over 1,800 leading digital asset and crypto institutions can custody KAVA tokens and access Kava-native assets, including Cosmos-native USDt, which was exclusively issued on Kava Chain through a partnership with Tether.
The benefits of this integration extend beyond institutional access to Kava. Fireblocks customers can now:
- Engage in DeFi opportunities within the Kava ecosystem, such as Curve, Kinetix, and Hover.
- Participate in market-making using Cosmos-native USDt on major exchanges.
- Explore new USDt DeFi opportunities on prominent Cosmos appchains.
The Role of Kava Chain in Arbitrage Market Making
Scott Stuart, Co-founder of Kava Chain, highlighted the increasing significance of Kava Chain in arbitrage market making. Through the Fireblocks integration, centralized exchanges (CEXs) and major market makers now have a more capital-efficient option for cross-chain arbitrage. Instead of incurring high gas fees on Ethereum, they can utilize Kava to transfer USDt between ecosystems efficiently. Stuart expressed excitement about the future and the value this integration brings to the Kava Chain community.
About Kava Chain
Kava Chain is a secure and lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos. This single, scalable network fosters innovation and growth, making it a trusted choice for developers and users worldwide.
For more updates, follow Kava Chain and Fireblocks on Twitter.
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