Fireblocks Announces Support for TRX and All TRC20 Tokens on the TRON Chain
On May 24th local time in Singapore, Fireblocks, the world's leading digital asset and cryptocurrency infrastructure platform, announced that its institutional-focused digital asset platform officially added support for TRX and all TRC20 tokens on the TRON chain. More than 1,200 liquidity partners, trading institutions, and trading parties on the Fireblocks network can currently send, receive or host TRX and other TRC20 tokens such as BTT, JST, and NFT securely through the TRON chain.
Regarding this cooperation, Michael Shaulov, CEO and co-founder of Fireblocks Network, said: "We understand that users have a great need for the platform to support TRX and TRC20 tokens, and we are also very happy to provide these tokens to institutional users. As the Tron ecosystem continues to We look forward to providing further support.” It is understood that the transaction volume of Fireblocks reached 35 million US dollars during the 72-hour trial operation period when Fireblocks announced the early access plan and went online to enable customers to obtain TRON functions.
Justin Sun, the founder of TRON, also said, "TRON has always been committed to making blockchain technology accessible, whether it is for users, developers or investors. Seeing the continuous development of TRON DAO, seeing the institutional community It's exciting to be part of a partnership with an industry leader like Fireblocks."
It is reported that Fireblocks is an enterprise-level platform that provides a reliable infrastructure for transferring, storing, and issuing digital assets, and now supports more than 1,100 tokens and 35 protocols. Fireblocks users have used the platform to accumulate $45 billion in custody assets, providing technical support for more than $2.5 trillion in digital asset transfers by major institutions. Exchanges, custodians, banks, hedge funds, lending departments, trading departments, etc. can safely expand digital asset business through the Fireblocks network and MPC wallet infrastructure. Before today’s announcement, Fireblocks received a large inflow of new assets as it expanded institutional users’ secure access to DeFi projects.
As one of the world's three major public chains, TRON is committed to building the next generation of global Internet and financial infrastructure, with extremely low transaction fees, high scalability, and the largest and most active community in the industry. At present, the total number of TRON public chain users exceeds 94 million, the number of transactions exceeds 3.2 billion, and the total lock-up volume (TVL) exceeds 10 billion US dollars. In addition, TRON is the largest stablecoin network in the world. The overall scale of stablecoins and financial assets on its chain exceeds 55 billion US dollars, and the cumulative settlement amounted to 4 trillion US dollars.
