Crypto Custody Technology Firm Fireblocks Adds Support for Solana Blockchain’s DeFi, NFT, Gaming Apps

The integration also pushes support for the WalletConnect2 protocol across the Solana ecosystem, said Fireblocks CEO Michael Shaulov.

AccessTimeIconAug 30, 2022 at 11:00 a.m. UTC
Updated May 11, 2023 at 5:41 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Cryptocurrency custody technology provider Fireblocks has begun offering support for the Solana blockchain’s ecosystem of decentralized finance (DeFi) developers, non-fungible token (NFT) applications and other Web3 activities, the companies said on Tuesday.

Despite a bearish climate in crypto markets, Solana has grown at a rapid clip, particularly when it comes to things like NFTs, where it’s outpaced Ethereum of late, according to analysts at JPMorgan. While Solana places easily within the top 10 blockchains by usage and market capitalization, it’s really the second-largest ecosystem if you take all the Ethereum Virtual Machine (EVM)-compatible blockchains together, Fireblocks CEO Michael Shaulov said.

  • Aptos' APT Token Down 52% in April After Booming March: VanEck
    Aptos' APT Token Down 52% in April After Booming March: VanEck
  • Key Events You Shouldn't Miss at Consensus 2024
    Key Events You Shouldn't Miss at Consensus 2024
  • What to Expect From Consensus 2024
    What to Expect From Consensus 2024
  • Will Solana and Altcoins Dominate the Market Next?
    Will Solana and Altcoins Dominate the Market Next?
  • Fireblocks previously provided support for Solana’s native token SOL as well as stablecoins such as USDC on the network. Now, the the company's “Web3 Engine,” offers an on-steroids version of the platform’s key-sharding wallet technology to Solana users.

    “It’s a very scalable wallet technology with a variety of use cases,” said Shaulov in an interview. “It could be used by an operations team to manage the treasury of the organization, or for Web3 retail applications, where a game can create wallets for its million users and serve them in a custodial way, with all the connectivity, controls and security to mint tokens and NFTs.”

    Fireblocks connects to some 35 blockchain networks and works with an array of Web3 companies including Animoca, MoonPay, Xternity Games, Griffin Gaming, Wirex and Utopian Game Labs. The latest Solana integration uses WalletConnect V2, a protocol for bridging decentralized apps, upgraded to securely enable vault connections to non-EVM chain dapps, according to a press release.

    The other important thing this integration does is push support for the WalletConnect2 protocol across the Solana ecosystem,” Shaulov said. “It’s just a much better, more secure and more scalable way to connect with decentralized applications. Before that you already had to do all kinds of proprietary, non-scalable solutions.”

    UPDATE (Aug. 30, 2022 13:27 UTC): Adds "technology" to Fireblocks description. The firm provides software for custody, not custody services.


    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

    Read more about