Fireblocks and Friktion Launch Institutional DeFi Partnership

Friktion Labs recently announced a DeFi-based partnership with Fireblocks. The collaboration will allow institutions to connect to Friktion directly from the Fireblocks platform.

As Solana’s renowned portfolio management platform, Friktion enables institutional access to decentralized finance via Fireblocks. It currently helps over 1,300 institutional-level clients with its award-winning crypto technology and digital asset platform.

This announcement marks a key benchmark for Friktion Institutional, a division designed to focus on scaling DeFi products offered to asset managers, DAOs and treasuries. With over 17,000 users and $2.5 billion in sales volume, Friktion has raised $40 million in TVL (Total Value Locked) through more than 25 assets.

Michael Shaulov, CEO of Fireblocks, spoke about the collaboration. According to Michael, the institutional appetite for decentralized finance is gradually growing in ecosystems such as Solana.

Fireblocks’ DeFi solutions provide investors with high-quality security while accessing Solana’s applications. In such cases, Friktion is one of the most popular Solana dApps, Michael added.

The DeFi market is teeming with opportunities, making it a multi-billion dollar industry. With more institutional investors entering the market, even Goldman Sachs has reopened its crypto trading desk.

Similarly, Bridgewater Associates backs its cryptocurrency fund while BlackRock releases its private BTC trust for US-based clients. Friktion is currently available for institutional users looking to earn real returns in DeFi.

With the Fireblocks integration, the Friktion team helps thousands of corporations, foundations, and funds access portfolio management services. These companies urgently need proven security solutions for their virtual assets.

Most institutions use custom integrations, browser-based apps, or hardware wallets to access DeFi protocols. However, the methods lead to limitations, such as:-

  • Private keys exposed
  • No audit trail
  • Operational challenges

Fireblocks mitigate these risks by providing enterprise-grade efficiency, scalability, and security solutions. Both platforms are creating immense buzz in the market, making the collaboration very popular.

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