Timechain Expands Its Institutional Crypto Footprint At A Crucial Time

Institutional interest in cryptocurrencies is rising, introducing many new opportunities for established projects. aims to tap into this massive market through its recent Fireblocks partnership.

After years of seemingly ignoring Bitcoin and other cryptocurrencies, institutions now provide exposure to these volatile markets on behalf of clients. Ranging from hedge funds to IRAs and traditional banks, everyone seems to explore opportunities tied to cryptocurrencies. Although most companies use intermediary solutions for users to gain exposure, it is a significant development for the industry rather than buying the asset directly.  

Institutions exploring these markets continue to diversify their investments and portfolios. Moreover, several crypto-related vehicles - including loan originations, spot trading, derivatives, and others - continue to note tremendous growth despite the current bearish market trend. 

Timechain prepares to take that leap through a Fireblocks partnership. Fireblocks is one of the bigger institutional networks welcoming crypto firms today. It has over 400 participants - a six-fold increase since mid-2020 - and provides a solid market pool to tap into. Growing the institutional footprint can prove beneficial to Timechain's revenue streams, including DeFi NFTs, TimechainSwap rewards, etc. 

Timechain CEO Louis Cléroux adds:

“This partnership allows us to offer our customers an ultra-secure product, and will give us the opportunity to scale up our business in the future. This is an important step in the growth of our company. We will also be able to continue our efforts to educate the general public about the world of cryptocurrency.”

The partnership between Timechain and Fireblocks unlocks new opportunities for the Canadian digital asset management and DeFi service provider. Its financial ecosystem offers access to more versatile trading tools than any other Canadian cryptocurrency firm. Additionally, TimechainSwap, the distributed exchange aggregator, combines liquidity across various blockchains to enhance overall interoperability in the industry. 

Fireblocks CEO and Co-founder Michael Shaulov adds:

“We are excited to continue expanding our footprint in Canada, and this integration with Timechain will enable Fireblocks to help secure the assets of Timechain’s customers in the region. By allowing customers the ability to leverage the security of the Fireblocks infrastructure, Timechain will be able to expedite the introduction of new tools while growing the roster of digital assets it can support. ” 

Adding Timechain to the Fireblocks ecosystem enables DeFi access rails and new options for cryptocurrency asset management. Both options can appeal to institutional clients exploring the crypto industry. Through Fireblocks, clients can secure their private keys, API credentials, and there is no need for deposit addresses. That infrastructure paves the way for broader adoption of what Timechain offers to its institutional clients. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.