August 17th, 2022 -Today, Fireblocks have launched support for Algorand, a sustainable blockchain infrastructure that aims to fuse DeFi with TradFi. Now our users have access to dApps on Algorand through WalletConnect on the Fireblocks platform – including Pact, AlgoFi, Folks Finance – in a secure and efficient way.
“We’re excited to be making DeFi on Algorand available on Fireblocks. Thousands of businesses use and trust Fireblocks’ battle-tested security for their digital asset operations, which makes them an ideal partner for us. Organizations using Fireblocks can access DeFi services on Algorand today, and we look forward to expanding activity, increasing volume, and overall contributing to growing the Algorand Ecosystem. Welcome to the Algorand community.”
- Daniel Oon, Head of DeFi, Algorand Foundation
Fireblocks’ Web3 Engine continues to be the only platform to provide enterprise-grade access to both EVM and non-EVM chains.
Secure access to Algorand DeFi is now live on Fireblocks
Effective immediately, Fireblocks users can now:
- Access all dApps built on Algorand through Fireblocks’ WalletConnect integration
- Connect to top Algorand-based staking and swapping apps
- Set custom limits by contract, amount, user and more with robust DeFi policy controls
- Build DeFi products that deliver the highest yields to customers
About Algorand
The Algorand blockchain — designed by the MIT professor and Turing Award winning cryptographer Silvio Micali — aims to deliver on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, with near-zero transaction costs, on a 24/7 basis. Its carbon-neutral platform and pure proof-of-stake consensus mechanism solves for the “blockchain trilemma” by achieving both security and scalability on a decentralized protocol.
The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem. For more information, visit https://algorand.foundation.
Disclaimer by The Algorand Foundation:
THE ALGORAND FOUNDATION SOLELY PROVIDES TECHNICAL SUPPORT TO FIREBLOCKS IN RELATION TO ITS TECHNICAL INTEGRATION WITH ALGORAND AND ANY OF THE SUBJECT MATTERS OF THIS ANNOUNCEMENT. Notwithstanding anything to the contrary and to the maximum extent permitted under applicable laws, you hereby acknowledge and agree that Algorand Foundation Ltd., its subsidiary and related companies, together with their officers, directors, employees, agents and representatives (the “Foundation”) shall not be responsible or liable for any expense, loss, damage, liability or other consequences, whether direct, indirect, special or consequential (“Losses”), suffered or incurred by you and/ or any party arising in any way out of or in connection with this announcement and (if applicable) all products and services provided in connection with this announcement, including without limitation any Losses arising in any way out of or in connection with the application of any and all applicable laws, statutes and regulations, and any and all directives, notices, guidelines codes, practice notes, circulars, policy statements, rules, ordinances, orders, requests, requirements, judgements, decrees or writs (in each case whether or not having the force of law) of any governmental, regulatory or judicial body or agency having jurisdiction over the Foundation or any of the subject matters of this announcement, including, without limitation, requirements or restrictions pertaining to financial or payment services licensing, dealing in cryptocurrencies, digital tokens, other digital assets and / or financial, investment or payment products or instruments, financial advisory services, solicitation, marketing, advertising and/or communications.
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