Fireblocks Adds Support for TRON DAO’s TRX and all TRC20 Tokens

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Singapore, Singapore / May 24 / – Fireblocks, the leading digital asset and crypto infrastructure platform, has added support for TRX and all TRC20-based tokens of the TRON DAO blockchain on its institutionally-focused digital asset platform today.

With one of the largest and most active communities, remarkably low transaction fees, and high scalability, TRON is the Top #3 blockchain and one of the most popular layer 1 DAOs in the industry. Within the first 72 hours of Fireblocks’ Early Access Program enabling clients to receive TRON functionality, Fireblocks saw USD 35 million of transaction volume.

Fireblocks currently supports more than 1,100 tokens and over 35 protocols. To date, Fireblocks customers have amassed USD 45 billion assets under custody on the platform, which institutions have used to secure over USD 2.5 trillion in digital asset transfers. Today’s announcement follows a recent surge of new assets added to the platform as it expands institutional DeFi access.

More than 1,200 liquidity partners, trading venues, and counterparties on the Fireblocks Network can now securely and smoothly send, receive, or custody TRX and other TRC20 tokens using TRON DAO's platform.

“We have seen a lot of demand from our customers to support TRX and TRC20 tokens. We’re excited to be able to make these tokens available to our enterprise customers and look forward to supporting the ecosystem’s continued growth,” said Michael Shaulov, CEO & Co-founder of Fireblocks. 

"TRON was built with the core mission of making blockchain technology accessible, whether it be for users, developers or investors," said H.E. Justin Sun, Founder of TRON. "It is