Tezos Goes Live on Fireblocks, Expanding Institutional Access to Growing DeFi and Web3 Ecosystem

New support brings Tezos to the world’s largest institutional digital asset transfer network.


350 words, 2 minute read

Tezos Goes Live on Fireblocks Expanding Institutional Access  to Growing DeFi and Web3 Ecosystem image 1

Fireblocks has launched full support for Tezos the scalable and energy-efficient public blockchain. With this go live, Fireblocks customers can securely custody FA1.2 and FA2 token standards on Tezos as well as leverage Fireblocks’ Web3 Engine to build new products and services on the Tezos blockchain. Starting today, thousands of digital asset and crypto capital market participants can securely custody Tezos assets from their Fireblocks Wallet and connect to Tezos’ fast-growing ecosystem of Decentralized Finance (DeFi) and Web3 apps. In addition to expanding institutional access to the Tezos ecosystem, Fireblocks has also enabled support for securely building Tezos-based products and services using the Fireblocks Web3 Engine.

Michael Mendes, head of DeFi partnerships at Trilitech, the London-based adoption hub for the Tezos blockchain, said, "Fireblocks brings an unrivaled expertise in enterprise-grade non-custodial and infrastructure solutions. The integration paves the way for institutional players to access Tezos dApps and tokens and opens projects that are utilizing the Fireblocks stack to deploy on Tezos with minimal effort.

According to Messari, the total value locked (TVL) in Tezos’ DeFi protocols have doubled in the past year as its market cap grew by 55%. Recent network upgrades and focus on enhancing the scalability of Smart Rollups have also enabled the Tezos blockchain to surpass one million transactions per second. To date, there are hundreds of dApps and web3 projects building in the Tezos ecosystem, including brands like McLaren Racing, Ubisoft, Manchester United, and more.

“By adding Tezos support on Fireblocks, we further solidify our commitment to supporting the blockchain developer community and empowering innovation in DeFi and Web3,” said Omer Amsel, Head of Web3 at Fireblocks. “Our mission is to enable new products and services that can leverage the power of blockchain technology. We look forward to unlocking new opportunities for our customers and developers to engage with the Tezos blockchain.”

Through Fireblocks, institutional customers and developers can access industry-leading MPC-CMP custody technology, connect across major blockchain networks directly from the Fireblocks console, and leverage Fireblocks’ Web3 engine to build, secure, and manage Web3 applications, games, and experiences. Fireblocks’ Web3 Engine serves as a single platform for managing Web3 treasury and internal wallets, enabling the creation of direct-custody wallets for end-users, and securely managing smart contract development and operations.