Timechain Joins the Fireblocks Network, Broadening Its Institutional Reach

Major Blow to Investors as Celsius Halts Withdrawals, Swaps and Transfers

Timechain is thrilled to announce that it will be joining the Fireblocks network. In the field of digital asset management and decentralized finance (DeFi), Timechain is a prominent Canadian company. In comparison to other Canadian cryptocurrency service providers, the safe financial ecosystem has more extensive trading and financial capabilities available. Furthermore, its TimeChainSwap distributed exchange aggregator brings together liquidity from many networks and ecosystems, bringing much-needed interoperability to the table.

Louis Cléroux, CEO of Timechain said:

“This partnership allows us to offer our customers an ultra-secure product, and will give us the opportunity to scale up our business in the future. This is an important step in the growth of our company. We will also be able to continue our efforts to educate the general public about the world of cryptocurrency.”

Existing crypto organizations have additional avenues for growth as a result of growing institutional interest in their assets. Timechain’s integration with Fireblocks allows it to access hundreds of institutional network partners. Major worldwide banks, commodity trading organizations (OTCs), asset managers, and liquidity providers are on the list. Digital assets may be securely transferred, stored, and issued using the Fireblocks platform.  As a result of the Fireblocks Network and the MPC-based Wallet Infrastructure, digital asset trading, lending, and custodians banks may be safely scaled.

Michael Shaulov, CEO and co-founder of Fireblocks said:

“We are excited to continue expanding our footprint in Canada, and this integration with Timechain will enable Fireblocks to help secure the assets of Timechain’s customers in the region. By allowing customers the ability to leverage the security of the Fireblocks infrastructure, Timechain will be able to expedite the introduction of new tools while growing the roster of digital assets it can support.” 

Since its inception in mid-2020, Fireblocks has seen a considerable increase in sales. The Network has seen a six-fold rise in the number of members in its network, which now stands at over 400. The Timechain integration also provides access to decentralized financial solutions and methods for managing crypto assets. DeFi services like liquidity pools, yield farming, and staking are all supported by Timechain’s own DEX in order to incentivize liquidity as well as support for its native TCS token.

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