The blockchain-based crypto lending company chooses Fireblocks for its multi-layer security technology
Singapore, Apr. 14, 2021 – Hodlnaut today announced that they have selected Fireblocks to strengthen security and protect customer and investor assets.
Hodlnaut currently has $250 million of assets under management with a 20% month-on-month growth rate, thus the need for an agile custody assets management platform that will allow sending and receiving transactions at scale while saving on fees.
By integrating Fireblocks, Hodlnaut users are able to access their digital assets securely 24/7 without any issues. In addition, Fireblocks’ protocol-agnostic MPC-CMP enables integration with any blockchain and easily adds support for new tokens, which is something that Hodlnaut has planned in its roadmap this year.
“The technology behind Fireblocks’ wallet solution promises that assets on our platform are protected with the highest level of security. Fireblocks’ solution caters to our business needs by allowing the ability for quick institutional settlements. As Fireblocks continues to expand its business operations globally and continue to offer additional features in the future, we believe this opens many new doors for Hodlnaut to support exciting new features in the future as well,” said Juntao Zhu, CEO & Co-founder of Hodlnaut.
Fireblocks uses next-generation private key security (MPC-CMP) and hardware isolation technology (SGX) to create multi-layer security, which eliminates a single point of failure and insulates digital assets from cyber-attacks, internal collusion, and human error.
“We’re thrilled to support the Hodlnaut team as they move to a more flexible and scalable infrastructure that will help them securely expand their services,” said Michael Shaulov, CEO of Fireblocks. “Adding Hodlnaut to the Fireblocks Network has also allowed us to expand secure access to lending providers for our existing customers.”
Hodlnaut is a platform that provides financial services for individual investors where they earn interest on their cryptocurrencies by lending it to institutions. Founded in April 2019 by self-proclaimed bitcoin maximalists Juntao Zhu and Simon Lee, the company has a mission to help hodlers get the most out of their crypto assets. Hodlnaut offers up to 8.3% APY to individual investors with a Hodlnaut Interest Account that supports BTC, ETH, DAI, USDC, and USDT.
For more information, please visit www.hodlnaut.com.