The Kava Chain scaling blockchain has been integrated into the Fireblocks digital asset enterprise platform to make it easier for businesses and institutions to enter the world of DeFi and Web3.
Kava Chain highlighted that thanks to its strategic alliance with Fireblocks, more than 1.800 companies and institutions from the traditional financial world now have the possibility of holding different digital assets, including KAVA, the blockchain's native token, as well as other native crypto assets on the network, including USDT.
Through this alliance, companies and institutions also have the possibility of securely accessing the wide range of decentralized applications (dApps) that are part of the Kava Chain ecosystem, which offers interoperability between the Cosmos and Ethereum ecosystems, combining the best of both.
Over 120 protocols and DApps, such as Curve Finance, Axelar, and Kinetix, are natively available on Kava, making it easier for institutions to access new DeFi products and opportunities, as well as access deeper liquidity with a high level of security.
Fireblocks co-founder Idan Ofrat said Kava Chain will serve as a bridge for traditional finance companies looking to explore the potential of decentralized finance on the blockchain without compromising security or compliance.
Ofrat also highlighted that the interest of institutions in DeFi has grown exponentially in the last year, so this alliance will allow it to meet the demands of its clients.
Opening the doors of Web3 to institutions
Kava Chain is one of the projects that has been building the most despite the bear market that cryptocurrencies are facing.
In July of this year, the network's developers announced the launch of a new program called Kava Rise, which makes it easier for application developers to create new protocols and projects on this blockchain.
Now, with its integration into Fireblocks, the network is opening the doors of the DeFi and Web3 ecosystem to institutions in the crypto industry.
Kava is a Cosmos-based blockchain that is compatible with the Ethereum Virtual Machine (EVM). It is a sidenet focused on scalability and decentralized financial services. This blockchain was launched in 2021 as a highly scalable and secure ecosystem capable of meeting the needs of thousands of protocols and millions of users.
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