Kava Chain is a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain. Now, Kava is available on Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain. This integration will allow Fireblocks customers to securely access Kava Chain and enter the expanding Cosmos DeFi ecosystem.
Idan Ofrat, Co-founder and Chief Product Officer of Fireblocks, said, "By integrating Kava Chain into the Fireblocks network, we are excited to provide our customers with access to Kava's innovative DeFi application protocols and Cosmos DeFi. Over the past year, we have seen increasing institutional interest in DeFi. Fireblocks' security and customizable transaction authorization policies (TAP) enable our customers to explore and innovate safely in the DeFi space without compromising their compliance and security requirements. We look forward to opening up more opportunities for our customers in the future."
Despite the bear market, Kava Chain continues to grow steadily. Top crypto institutions were unable to interact with dApps on the chain due to a lack of connectivity with MPC providers. The integration with Fireblocks now enables over 1800 leading digital asset and crypto institutions to custody KAVA tokens and access Kava native assets, including Cosmos native USDt issued by Tether.
This integration not only strengthens the connection between institutions and Kava, but also provides various capabilities for Fireblocks customers:
The opportunity to participate in DeFi on platforms within the Kava ecosystem, such as Curve, Kinetix, and Hover.
Market-making using Cosmos native USDt on major exchanges.
Explore new USDt DeFi opportunities on the Cosmos application chain.
Scott Stuart, co-founder of Kava Chain, said: "Kava Chain's role in arbitrage market making is becoming increasingly important. With the integration of Fireblocks, centralized exchanges (CEXs) and major market makers can now cross-chain arbitrage more capital efficiently. They no longer need to pay high Gas fees on Ethereum and can now efficiently transfer USDt using Kava between different ecosystems. We are excited about the future and the value this integration brings to our community!"
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About Kava
Kava Chain is a secure and high-speed Layer-1 blockchain. Kava combines Ethereum's development capabilities with Cosmos' speed and interoperability in a scalable network. Kava is committed to fostering innovation and growth, trusted by developers and users worldwide.
