Friktion and Fireblocks Announce Partnership Enabling DeFi Access for 1300+ Institutions

Singapore, Singapore--(Newsfile Corp. - August 30, 2022) - Friktion, Solana's portfolio management platform, enables Institutional access for DeFi through Fireblocks, the award-winning digital asset and crypto technology platform.

Friktion and Fireblocks Launch Institutional DeFi Partnership

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• Connects Fireblocks 1300+ institutional clients to Friktion Volts directly with the safety and convenience of the award-winning digital asset and crypto technology platform.
• Marks a first key milestone for Friktion Institutional, a new division focused on scaling their DeFi product offering to Treasuries, DAOs, and Asset managers.

Institutional interest for DeFi

Institutional appetite for DeFi continues to grow in popular blockchain ecosystems like Solana. Fireblocks DeFi suite offers alternative investors with security when it comes to accessing Solanas ecosystem of applications, with Friktion being one of the first Solana dApps, - said Michael Shaulov, CEO of Fireblocks

Unlocking DeFi's most powerful strategies - with scale and security

Friktion is now available to Institutions looking to access real yields in DeFi. Through their integration with Fireblocks, this will make portfolio management accessible to thousands of funds, foundations, and businesses who require battle-tested security for their digital asset operations.

"Transparency, risk-adjusted returns, and security are paramount for institutions entering DeFi. Fireblocks provides a key piece of infrastructure to power Friktion Institutional, connecting institutions to DeFi yields across various market cycles," - Uddhav Marwaha, CEO of Friktion Labs.

Fireblocks and Institutional DeFi

Fireblocks offers solutions that deliver the required enterprise-level security, efficiency, and scalability. These solutions prevent the exposure of private keys, reduce operational and governance problems for institutions, as well as, provide a centralised audit trail for accounting and compliance.

How Institutions can access Friktion with Fireblocks

Fireblocks WalletConnect v2.0 integration offers the most convenient and secure way for institutions to connect to the Friktion interface right from the Fireblocks console. Existing Fireblocks users are able to connect to Friktion in 5 easy steps: Check out the guide here.

About Friktion

Friktion is DeFi's protocol for risk-managed yield strategies. Friktion core products, Volts, are strategies for institutions, DAOs, and individuals. Institutions can access Covered calls, Cash-secured puts, Basis yield, and Principal protected strategies on 25+ crypto assets.

The platform has amassed over 17,000 users and traded >$2.5 billion in volume, with $50 million in Total Value Locked.

Connect with Friktion's Institutional team: [email protected]

Media Contact:
Friktion Labs
Contact: Bryan Tay
Email: [email protected]
Website: www.friktion.fi
Learn more: docs.friktion.fi

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135177

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