Fireblocks Cozies Up to Sony’s Soneium: Crypto Custody Shenanigans! 🤔

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Here’s the scoop:

  • Fireblocks, the crypto custodian, is now BFFs with Sony’s Soneium blockchain.
  • Custodians? They’re the cool kids in the crypto blockparty for institutions.

EMBARGO: Feb 12, 9 AM HK TIME (Zzz… Wake up already!)

Fireblocks, a crypto custodian tech provider, announced they’re now supporting Sony’s Soneium blockchain. Soneium, an Ethereum layer-2 network, wants to connect Web2 (the old internet) and Web3 (the fancy blockchain-based one).

Fireblocks has a bunch of big-shot clients, like banks. Crypto custodians, who store digital assets securely, are crucial for institutional adoption of digital assets. Why? Insurance, my friend! Hedge funds and family offices need it for their peace of mind.

Soneium, a Sony-Startale Labs joint venture, started in January and has a measly $33.6 million in TVL (Total Value Locked, in case you’re clueless). It’s built with Optimism’s OP Stack for gaming, finance, and entertainment apps.

Fireblocks is “totally committed” to helping Soneium’s vision of an open internet that transcends boundaries. Together, they’ll offer secure, decentralized digital ownership and experiences to users and creators. Sounds like a safe space for digital innovation, right? 🙄

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2025-02-12 04:07