The European Blockchain Convention is one of the much-awaited events every year and 2022 was no different. The June event in Barcelona, Spain was a haven for many investors, crypto and blockchain entrepreneurs, and policymakers alike.
Fireblocks, an easy-to-use platform to create innovative products on the blockchain and manage day-to-day crypto operations, was also present. Fireblocks’ 2022 Annual Recurring Revenue surpassed $100 million. This came just four years after the firm’s inception and three years since its first product went into the market. This milestone sets Fireblocks among a rare subset of SaaS unicorns like Slack and Twilio.
Fireblocks Does a NEAR
Fireblocks users can now securely access DeFi yields through lending, borrowing, and any Web3 apps built for NEAR that integrate WalletConnect. The digital asset custody, transfer, and settlement platform is the first enterprise-grade gateway to allow a secure connection to non-EVM chains. It’s bringing unprecedented access to the growing world of Web3 for the global user base. As such, institutions can easily access DeFi on NEAR securely and efficiently.
Marieke Flament, CEO of NEAR Foundation, described this as a tremendous milestone for NEAR. It wants to work with top-tier technology providers like Fireblocks to reach a wider user community and to safely accelerate crypto adoption around the world. Flament believes integration is key to unlocking the support of the institutional investment community. He said the tier 1 institutions that want to access NEAR tokens and other applications are becoming essential to the future of finance.
Customers, wanting to utilize the DeFi suite part of Fireblocks’ Web3 Engine, can set custom limits by contract, amount, user, and more with robust DeFi policy controls when interacting with decentralized platforms starting with Meta Yield, Ref. Finance, and Burrow.