The Kaia DLT Foundation has joined forces Fire logs to increase security and streamline the management of digital assets on Kaia’s public blockchain. By leveraging 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 new opportunities for the use of blockchain, giving institutions peace of mind that their assets will be treated with high-quality protection.
Kaia’s extensive network and the role of Fireblocks’ MPC security
Kaia already has a broad user base thanks to its integration with the popular messaging platforms KakaoTalk and LINE. These apps together serve more than 250 million people, making Kaia one of Asia’s largest Web3 ecosystems.
Thanks to this broad reach, Kaia has attracted the attention of companies interested in entering the digital asset space. However, security is a key factor for these settings, and that’s where Fireblocks come into play.
One of the features of Fireblocks is the Multi-Party Computation (MPC) wallet technology – a crucial part of the platform for the development of Web3 applications and blockchain payment solutions. The MPC system distributes private keys to different parties, making it much more difficult for hackers to succeed in an attack on Kaia dApps, whether on-chain or off-chain. By adopting this, Kaia aims to provide additional layers of protection for large-scale transactions and digital asset storage.
Amy Zhang, who leads the Asia Pacific region at Fireblocks, expressed her genuine excitement about working with Kaia. She described the integration as “a testament to our commitment to equipping 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.
Make Web3 more accessible
Kaia’s goal is to make Web3 technology accessible to more people and businesses. By partnering with Fireblocks, Kaia can provide companies with a clear path to creating and managing digital assets. Additionally, Fireblocks offers several APIs: tools that allow developers to build new blockchain-related applications without sacrificing security.
For many, handling digital assets involves dealing with regulations and compliance, and Fireblocks’ platform aims to address these challenges.
Dr. Sam Seo, chairman of the nonprofit Kaia DLT Foundation, called this partnership “an important step forward in improving the scalability and security of the Kaia blockchain ecosystem.” He highlighted how Fireblocks solutions “ensure efficient access to global compliance solutions,” a key concern for institutions.
Kaia’s move to integrate Fireblocks comes at a time when large companies are becoming more comfortable with blockchain technology. More than 2,000 companies, such as BNY, Galaxy and Revolut, already rely on Fireblocks to secure high 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 overall adoption of the technology.
Editor’s Note: Written with the help of AI – Edited and fact-checked by Jason Newey.
