Hodlnaut partners with Fireblocks to reinforce digital assets security

By Nikita Chaurasia  | Date: 2021-06-28

Hodlnaut partners with Fireblocks to reinforce digital assets security

Singapore-based crypto borrowing and lending platform Hodlnaut recently revealed its partnership with Fireblocks, a leading enterprise-grade platform that provides safe and secure storage, provisioning, and moving of digital assets. The company aims to give the safest customer experience possible, and it is confident that Fireblocks will help it in doing so.

It is worth noting that Fireblocks provides multi-layer security, eliminates single points of failure, and protects digital assets from internal complicity, cyber-attacks, and human error using next-gen hardware isolation technology (SGX) and private key security (MPC-CMP).

For the record, Hodlnaut has a USD 250 million AUM (asset under management) and is growing at a 20% month-over-month rate, necessitating the use of an agile custodial assets management platform that would enable secure transactions at scale while also reducing rates.

Users can now get safe and hassle-free access to their digital assets 24/7 with the integration of Fireblocks. Furthermore, protocol-agnostic MPC-CMP of Fireblocks allows for unified blockchain integration and swiftly adds support for new tokens.

Attesting to the firm’s capabilities, Michael Shaulov, CEO at Fireblocks, mentioned they are thrilled to help Hodlnaut safeguard their increasing user base by providing the digital asset infrastructure they require.

Hodlnaut has also conducted a penetration test as part of its commitment to providing a safe and secure, and remarkable service. Simon Lee, CTO & Co-Founder of Hodlnaut, expressed they completed a comprehensive Vulnerability Assessment and Penetration Test (VAPT) on their web platform, which has considerably improved their security posture.

To improve the user experience, Hodlnaut is reportedly planning to release an iOS app in the third quarter of this year. Customers could deposit and withdraw crypto assets and monitor their crypto holdings using the app on their iPhones. Among other new features, the update will also offer identity verification and smooth withdrawals.

Source Credits- https://www.prnewswire.com/news-releases/hodlnaut-selects-fireblocks-to-provide-robust-security-for-digital-assets-301320730.html

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

Tesla to procure nickel from Indonesia through a USD 5 billion deal

Tesla to procure nickel from Indonesia through a USD 5 billion deal

By Nikita Chaurasia

Tesla Inc. has reportedly made contracts worth USD 5 billion with Indonesian nickel manufacturing companies to buy materials for its batteries. For a while now, Indonesia has been trying to get Tesla to invest in setting up a sturdy manufacturing fac...

Amazon Inc. to acquire robotic vacuum maker iRobot for USD 1.7 billion

Amazon Inc. to acquire robotic vacuum maker iRobot for USD 1.7 billion

By Nikita Chaurasia

Credible sources have recently cited that Amazon Inc. is steadily gearing up to acquire iRobot Corporation for USD 61 per share in an all-cash deal that would close the deal at a valuation of USD 1.7 billion as per current estimates. This deal fol...

Robinhood shares surge 13% despite eliminating 23% of its employees

Robinhood shares surge 13% despite eliminating 23% of its employees

By Nikita Chaurasia

Robinhood Markets, Inc. the trading app that popularized one-click transactions, is reportedly laying off nearly 23% of its employees. The company’s CEO Vlad Tenev claimed that the downsizing would affect staff members throughout the company, p...

Bank of England looking into continuously rising inflation in the U.K.

Bank of England looking into continuously rising inflation in the U.K.

By Nikita Chaurasia

The Bank of England has reportedly stated that it will take aggressive measures, if necessary, to prevent the inflation issue from becoming a prolonged challenge. Sources claimed that the central bank might bring an unusual hike of a half-percenta...

Indonesia bans multiple online services for missing regulatory deadline

Indonesia bans multiple online services for missing regulatory deadline

By Nikita Chaurasia

The Indonesian government has reportedly banned access to a series of digital platforms, including PayPal Holdings Inc., Steam, Epic Games Inc., and Yahoo Inc., for failing to comply with the country's new mandate regarding content review policie...