Fireblocks adds support for TRX and all TRC20 tokens on TRON DAO.


Fireblocks, a leading digital asset and crypto infrastructure platform, has added support for all TRC20 based tokens on the TRX and TRON DAO blockchains on its current institutional-focused digital asset platform.

With one of the largest and most active communities, remarkably low transaction fees and high scalability, TRON is the industry’s most popular 3-tier blockchain and one of the most popular tier-1 DAOs. Within the first 72 hours of Fireblocks’ Early Access Program, which allows clients to receive TRON features, Fireblocks’ trading volume was $35 million.

Fireblocks currently supports over 1,100 tokens and over 35 protocols. To date, Fireblocks customers have $45 billion in assets under management on the platform, and institutions have secured more than $2.5 trillion in digital asset transfers through these assets. Today’s announcement follows a recent surge in new assets added to the platform as it expands institutional DeFi access.

Over 1,200 liquidity partners, trading venues and counterparties on the Fireblocks network can now safely and seamlessly send, receive or store TRX and other TRC20 tokens using TRON DAO’s platform.

“We see a lot of demand from our customers to support TRX and TRC20 tokens. Michael Shaulov, CEO and Co-Founder of Fireblocks, said, “We are excited to be able to offer this token to our enterprise customers and look forward to supporting the continued growth of the ecosystem.”

HE Justin Sun, Founder of TRON, said, “TRON is built with a core mission to provide users, developers or investors with access to blockchain technology. “It is exciting to see the TRON DAO continue to grow and the institutional community to partner with industry leaders like Fireblocks.”

Fireblock information

Fireblocks is an enterprise-grade platform that provides a secure infrastructure for the movement, storage and issuance of digital assets. Fireblocks allows exchanges, lending desks, custodians, banks, trading desks and hedge funds to securely scale their digital asset operations through the Fireblocks network and MPC-based wallet infrastructure.

Fireblocks serves more than 1,200 financial institutions, has secured more than $2.5 trillion in digital asset transfers, and has unique insurance policies that cover its warehousing and transit assets. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and operations teams alike love. For more information, please visit: www.fireblocks.com.

Media Contact

Chi Zhao, CEO, Hokku PR

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About TRON DAO

TRON is committed to accelerating the decentralization of the Internet through blockchain technology and decentralized applications (dApps). Founded by HE Justin Sun in September 2017, the TRON network has continued to achieve impressive results since the MainNet launch in May 2018. July 2018 brought the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users.

The TRON network has gained incredible traction in recent years. As of May 2022, the total number of user accounts on the blockchain is more than 94 million, the total number of transactions is more than 3.2 billion, and the total value lock (TVL) is more than $10 billion. tron scan. Additionally, TRON will host the largest circulating supply of USD Tether stablecoins worldwide, overtaking USDT on Ethereum from April 2021.

The TRON network completed full decentralization in December 2021 and is currently a community-managed DAO. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain backed by the TRON DAO Reserve, the first crypto reserve for the blockchain industry, marking the official entry of TRON into a decentralized stablecoin.

Media Contact

Fellowes Lakani
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Disclaimer: This is a paid post and should not be treated as news/advice.

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