According to press release, Solana support has been made available by digital asset custody platform Fireblocks, providing its thousands of users access to the infrastructure and apps of the developer network.
Users of Fireblocks will have direct access to Solana’s numerous decentralised finance (DeFi) and Web3 services from Tuesday onwards, according to the business, which says that this would specifically help “alternative asset managers” and “capital market participants.”
“Thousands of businesses use Fireblocks to access novel Web3 products and services. Starting today, these businesses will immediately have access to the depth and breadth of the Solana ecosystem,” said Solana co-founder Anatoly Yakovenko.
The Web3 Engine from Fireblocks, a set of tools built for programmers developing in the DeFi, GameFi, and nonfungible token domains, will be used for the Solana integration.
The Fireblocks Web3 Engine was introduced back in May. The Web3 suite from Fireblocks, according to CEO Michael Shaulov, provides Solana ecosystem developers with a higher level of security when creating products.
This year, Solana has experienced a number of high-profile security breaches, the most recent of which resulted in a $8 million loss for 7,000 ecosystem wallets.
Decentralized finance is a key component of the ecosystem development plan at Solana, which recently launched a $100 million fund through its venture arm to help DeFi entrepreneurs in South Korea.
According to DeFi Llama, there are currently 77 active DeFi protocols in the Solana ecosystem, with a total value locked (TVL) of $1.43 billion. Solana is currently the sixth-largest DeFi chain in terms of total TVL.
