Hodlnaut Chooses Fireblocks to Offer Robust Security for Digital Assets

The Singapore-based crypto lending company uses Fireblocks' multi-layer security technology.

FREMONT, CA: Fireblocks, a premier enterprise-grade platform that provides a secure infrastructure for storing, issuing, and transporting digital assets, has announced a partnership with Hodlnaut. The Singapore-based crypto lending business is sure that Fireblocks would assist them in providing the most secure user experience possible.

Fireblocks, a premier enterprise-grade platform that provides a secure infrastructure for storing, issuing, and transporting digital assets, has announced a partnership with Hodlnaut. The Singapore-based crypto lending business is sure that Fireblocks would assist them in providing the most secure user experience possible.

Fireblocks create multi-layer security, eliminates single points of failure, and protect digital assets from internal collusion, cyber-attacks, and human error using next-generation private critical security (MPC-CMP) and hardware isolation technology (SGX).

Hodlnaut now has a 250 million dollars AUM and is growing at a 20percent 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 may safely access their digital assets 24 hours a day, seven days a week, with the Fireblocks connection. Furthermore, Fireblocks' protocol-agnostic MPC-CMP allows for smooth blockchain integration and rapid addition of additional coin compatibility.

Michael Shaulov, the CEO of Fireblock, discussed prioritizing the long-term security of users' finances.

"We are excited to support Hodlnaut by delivering the digital asset infrastructure needed to secure their growing user base," said Michael Shaulov, CEO of Fireblocks. "Moving Hodlnaut to a multi-layer security infrastructure is another step closer to ensuring all digital assets in the ecosystem are protected."

Hodlnaut has also conducted a penetration test as part of its commitment to providing a secure and flawless service."We have concluded our periodic extensive Vulnerability Assessment and Penetration Test (VAPT) on our web platform, and that has greatly enhanced our security posture. We look forward to performing another VAPT for our upcoming mobile application," said Simon Lee, CTO & co-founder of Hodlnaut.

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