Kaia and Fireblocks Join Forces to Secure Institutional Digital Assets

Kaia DLT Foundation has joined forces with Fireblocks to boost security and streamline the management of digital assets on the Kaia public blockchain. By tapping into Fireblocks’ specialized platform, Kaia aims to become more attractive to large organizations that need peace of mind when handling digital assets. This partnership also creates fresh opportunities for blockchain use, reassuring institutions that their assets will be handled with high-level protection.

Kaia’s Expansive Network and the Role of Fireblocks’ MPC Security

Kaia already has a broad user base thanks to its integration with popular messaging platforms KakaoTalk and LINE. These apps together serve over 250 million people, making Kaia one of Asia’s biggest Web3 ecosystems.

This wide reach has helped Kaia gain attention from businesses interested in entering the digital asset space. However, security is a key factor for these institutions, and that’s where Fireblocks comes in.

One of Fireblocks’ features is its Multi-Party Computation (MPC) wallet technology – a crucial part of its platform for developing Web3 applications and blockchain payment solutions. The MPC system splits private keys among several parties, making it much harder for hackers to succeed in an attack on Kaia dApps, whether it’s on-chain or off-chain. By adopting this, Kaia aims to offer extra layers of protection for large-scale transactions and digital asset storage.

Amy Zhang, who leads the Asia-Pacific region at Fireblocks, expressed genuine excitement about teaming up with Kaia. She described the integration as “a testament to our commitment to equip institutions with the tools they need to adopt blockchain technology securely and seamlessly,” noting that Fireblocks’ advanced MPC technology provides Kaia’s partners with the peace of mind to scale their operations safely.

Making Web3 More Accessible

Kaia’s goal is to make Web3 technology accessible to more people and businesses. By partnering with Fireblocks, Kaia can give enterprises a clear path to creating and managing digital assets. Furthermore, Fireblocks provides various APIs—tools that help developers build new blockchain-related applications without sacrificing security.

For many, the idea of handling digital assets involves dealing with regulations and compliance, and Fireblocks’ platform aims to address these challenges.  

Dr. Sam Seo, Chairman of the non-profit Kaia DLT Foundation, called this collaboration “a significant step forward for enhancing the scalability and security of the Kaia blockchain ecosystem.” He highlighted how Fireblocks’ solutions “ensure efficient access to global compliance solutions,” a vital concern for institutions.

Kaia’s move to integrate Fireblocks comes at a time when big companies are getting more comfortable with blockchain technology. More than 2,000 businesses—such as BNY, Galaxy, and Revolut—already trust Fireblocks to secure large volumes of digital asset transactions. By joining forces with a provider recognized by these major players, Kaia hopes to inspire even more institutions to explore the world of Web3 and accelerate the overall adoption of the technology.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.