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Cryptocurrency News Articles

Kaia Chain Integrates Fireblocks Into Its Blockchain Ecosystem to Advance Institutional Adoption

Jan 20, 2025 at 08:06 pm

Kaia DLT Foundation, the organization driving the Kaia public blockchain's expansion, has announced the integration of Fireblocks

Kaia Chain Integrates Fireblocks Into Its Blockchain Ecosystem to Advance Institutional Adoption

Kaia Chain, the organization overseeing the expansion of the Kaia public blockchain, has announced the integration of Fireblocks, a leading digital asset infrastructure provider, into its blockchain ecosystem. This collaboration is set to cater to the needs of institutional users by providing enhanced security and scalable solutions.

Kaia Chain, a Web3 company, has announced the integration of Fireblocks into its blockchain ecosystem. This collaboration aims to enhance the institutional adoption of blockchain technology in Asia.

Kaia Chain is the organization responsible for expanding the Kaia public blockchain, which is the product of a merger between the Klaytn and Finschia blockchains, originally created by Kakao and LINE. With seamless integration into the Kakaotalk and LINE messenger apps, Kaia makes Web3 accessible to over 250 million users.

Together, they are building a vibrant ecosystem that includes decentralized applications and services, with the KAIA token serving as its central asset. As part of this effort, Kaia Chain is introducing Fireblocks, a critical addition to its institutional blockchain infrastructure.

Fireblocks provides the infrastructure for creating Multi-Party Computation (MPC) wallets, which streamline blockchain payment operations and seamlessly integrate with global regulatory compliance frameworks. This technology elevates security against both on- and off-chain threats, ensuring end-to-end protection for participants in the Kaia ecosystem.

Furthermore, the platform boasts advanced API solutions that facilitate the development of Web3 applications without sacrificing security, enabling institutions to smoothly transition into blockchain technology. By integrating Fireblocks, Kaia unlocks convenient access to decentralized finance (DeFi) tools, tokenized assets, and blockchain-based services, empowering institutions to engage securely in Web3 finance.

Commenting on the collaboration, Dr. Sam Seo, Chairman of the Kaia DLT Foundation, said, “The integration with Fireblocks enhances both the security and scalability of the Kaia blockchain ecosystem. It provides institutions with efficient access to global compliance solutions, empowering them to explore Web3 finance more easily and safely.â€

Meanwhile, Amy Zhang, Fireblocks Head of APAC, stated, “Our collaboration with Kaia reflects our shared vision of making blockchain adoption seamless for institutions. With our MPC technology, Kaia's ecosystem partners can confidently scale operations, bringing Web3 to millions of users across Asia.â€

About Kaia ChainKaia is a high-performance public blockchain that emerged from the merger of the Klaytn and Finschia blockchains, initially developed by Kakao and LINE. Boasting seamless integration into the Kakaotalk and LINE messenger apps, Kaia enables over 250 million users to effortlessly navigate Web3 technology. The Kaia ecosystem encompasses decentralized applications and services, with the KAIA token serving as its central asset.

About FireblocksFireblocks is a leading provider of digital asset infrastructure, offering secure and scalable solutions for organizations building blockchain-based businesses. Their MPC wallet technology and end-to-end security framework have facilitated over $7 trillion in transactions across more than 90 blockchains.

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