ShapeShift DAO partners with Fireblocks

As ShapeShift has decentralized into a DAO, the demand for FOX tokens has increased among crypto firms; and Fireblocks help make the acquisition and custody of the FOX token as easy as possible for these businesses. To meet their requirements, Firewall made the FOX token available on its very popular platform, effective immediately.

Fireblocks is an enterprise-grade platform for moving, storing, and securing digital assets. It currently enables more than 200 financial institutions to securely expand their digital asset operations and has secured the transfer of over 400 billion dollars in digital assets to date. With the completion of their recent $ 133 million Series C Fundraising Round, Fireblocks helps institutions like BNY Mellon, Galaxy Digital, Genesis, JST Capital, Revolut, Parafi Capital, and Coinbase Pro launch digital asset products and services without compromising security or compliance.

Through this partnership, institutional and more formalized crypto firms can add FOX to their holdings easily and securely.

What are the advantages of the FOX token?

People quickly learn the benefits of DeFi as well as the scope and impact of decentralized projects as an alternative to fiat banking system. ShapeShift is one of the oldest crypto platforms, which started out as a centralized exchange and evolved into a decentralized open source interface for DeFi. In July, ShapeShift announced decentralization of the entire corporate structure and source code and released the biggest airdrop in history, giving FOX owners the power to determine the future of ShapeShift. FOX token holders are now empowered to expand the platform’s reach, user benefits, and impact on crypto innovation. FOX also governs ShapeShift DAO’s cash flow of more than $ 300 million, one of the ten largest CAD treasuries in the industry. *

FOX and Fireblocks: the ease of security, custody and operations

By buying and trading through the Fireblocks platform, institutions and businesses will benefit from these benefits and features:

  • Secure private keys (using next generation MPC and hardware isolation)
  • Automation of algorithmic trading (DeFi API)
  • Robust internal policies and workflows
  • Governance policies to prevent piracy
  • Auditability for compliance (centralized transaction logs)
  • Insurance (up to $ 30 million covering cyber attacks, internal fraud, software bugs, etc.)

For the non-institutional crypto user, FOX is still available on ShapeShift the Web and mobile app, and FOX token holders can earn double-digit returns from a number of cash farming activities available: learn more.

Now in a decentralized form, ShapeShift’s mission is to create the world’s best open source and community crypto interface for digital finance. FOX token support on Fireblocks demonstrates the effectiveness of DAOs and their ability to integrate with traditional financial firms.

Additional resources

To learn more about FOX, the ShapeShift DAO, and Fireblocks, here are some helpful links:

FOX Token Resources
ShapeShift | Home
Discord ShapeShift

* This should not be interpreted as investment advice; the FOX token is a governance token intended to make project decisions through the vote of token holders. We do not suggest investing for the purpose of speculative financial gain, as no gain is guaranteed and losses (of all or part of the value) are possible. All investment risks are assumed by the investors.

Media contact:
ShapeShift DAO PR
[email protected]

SOURCE ShapeShift

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