Embargo 12 Feb. 9 am HK Time

Fireblocks, a provider of Crypto Custodian Technology, said it added support to Sony’s Soneium Blockchain, an Ethereum-Lay-2 network aimed at bridging the conventional internet or web2, and the new blockchain-based web3 .

Fireblocks counts many large institutions among its clients, including large banks. Crypto depot men who provide secure storage of digital assets are important for institutional adoption of digital assets because large capital allocators such as hedge funds or family offices require their use of insurance causes.

Support for Soneium, a joint venture between Sony and Singapore’s Startal Laboratories, opens the door of the delivery of custody at the beginning blockchain, which started only in January and has only $ 33.6 million in the total value locked (tvl), according to Defellama Data . It is built with Optimisms up stacks in support of gaming, finance and entertainment apps.

Fireblocks is “obliged to help Soneium with their vision of creating an open internet that exceeds boundaries,” said Omer Amsel, Fireblocks’ head of Web3, in a release. “Together we will provide safe, decentralized digital ownership and experiences to users and creators while offering a safe environment for digital innovation.”