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Kava Chain has now integrated with Fireblocks, opening the door to Cosmos DeFi ecosystem for institutional investors.

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Over 1800 cryptocurrency institutions are now able to custody KAVA tokens and access the native assets of the Kava ecosystem.

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Source: Kava

Cosmos-Ethereum cross-chain interoperable Layer 1 blockchain Kava Chain is now live on Fireblocks. Fireblocks is an enterprise-grade platform for managing digital asset operations and building innovative businesses on the blockchain. This integration will allow Fireblocks users to securely access Kava Chain and subsequently access the expanding Cosmos DeFi ecosystem.

Fireblocks co-founder and Chief Product Officer Idan Ofrat said: "With the integration of Kava Chain into the Fireblocks network, we are excited to bring Kava's innovative DeFi application suite and access to the Cosmos DeFi ecosystem to our clients. Over the past year, we have seen growing institutional interest in DeFi. Fireblocks' multi-layered security and customizable transaction authorization policies (TAP) enable our users to safely explore and innovate in the DeFi space without compromising their compliance and security requirements. We look forward to finding more opportunities for our users in the future."

During the bear market, the top cryptocurrency institutions have been steadily building and developing. However, without a strong connection to MPC (multi-party computation) custody technology providers, they would not be able to interact with dapps on the blockchain. Integration with Fireblocks enables over 1800 cryptocurrency asset institutions to custody KAVA tokens and access native assets in the Kava ecosystem, including the Cosmos native stablecoin USDt issued by Tether specifically on the Kava Chain.

This integration not only enhances institutional access to the Kava ecosystem, but also allows Fireblocks users to:

· Participate in DeFi use cases such as Curve, Kinetix, and Hover on platforms within the Kava ecosystem.

· Use the Cosmos native stablecoin USDt to participate in market making on mainstream trading platforms.

· Explore new USDt DeFi opportunities on the well-known Cosmos application chain.

Kava Chain co-founder Scott Stuart said: "The role played by Kava Chain in the arbitrage and market-making markets is becoming increasingly significant. Through integration with Fireblocks, centralized trading platforms and major market makers now have more optimized cross-chain arbitrage options. They can now efficiently transfer USDt between ecosystems without paying high Ethereum gas fees. We are excited about this integration and the additional value it can bring to our community in the future!"

For more updates, please follow the Kava Chain and Fireblocks on X (formerly Twitter).

About Kava

Kava Chain (Kava) is a secure and fast Layer 1 blockchain that combines the development capabilities of Ethereum with the speed and interoperability of Cosmos, building a single and scalable network. Kava Chain is committed to promoting innovation and growth, and is a trusted choice for developers and users worldwide.