Fireblocks Adds Support for Sony’s Soneium, Laying the Groundwork for Crypto Custody Services
EMBARGO: Feb 12, 9 AM HK TIME
Fireblocks, a leading provider of crypto custody solutions, has announced that it will support Sony’s Soneium blockchain. Soneium, an Ethereum layer-2 network, aims to bridge the gap between traditional Web2 and the emerging Web3 space.
With numerous large institutions, including major banks, relying on Fireblocks’ technology, the addition of Soneium support marks a significant milestone for the platform. Crypto custodians play a vital role in institutional adoption of digital assets, providing secure storage solutions that large investors, such as hedge funds and family offices, require for insurance purposes.
Soneium, a collaboration between Sony and Singapore-based Startale Labs, began operations in January and currently holds a modest $33.6 million in total value locked (TVL), according to DeFiLlama data. The blockchain is designed to support applications in gaming, finance, and entertainment, and is built using Optimism’s OP Stack.
“We are excited to support Soneium in its mission to create an open internet that transcends traditional boundaries,” said Omer Amsel, Fireblocks’ Head of Web3, in a statement. “Together, we aim to provide secure, decentralized digital ownership and experiences for users and creators, while fostering a safe environment for digital innovation.”
