Iota and Fireblocks Partner to Bring Tokenized Assets to Institutions on ShimmerEVM Testnet
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Iota's ShimmerEVM blockchain integrates with Fireblocks to meet institutional demand for real-world asset (RWA) tokenization, a $342B market.
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ShimmerEVM is an Ethereum-compatible network for testing new features before integrating them into Iota's mainnet.
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The integration allows Fireblocks customers to custody tokenized assets on ShimmerEVM and initiate transactions.
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Fireblocks has 1,800 institutional clients including BNY Mellon and BNP Paribas.
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Iota recently established a DLT foundation in the UAE to accelerate growth of decentralized technologies and asset tokenization in the region.