Spool DAO gives Fireblocks' institutional clients direct access to its expansive roster of customizable DeFi tools
LONDON, Aug. 16, 2023 /PRNewswire-PRWeb/ -- Spool DAO (https://enterprise.spool.fi), or Spool, the DeFi platform allowing institutions and users to build customizable, risk-managed crypto products, has integrated Fireblocks (http://www.fireblocks.com) to its platform to create an enhanced gateway into DeFi. Fireblocks' more than 1,800 institutional customers can now connect their Fireblocks vaults to build tailored decentralized products manually or automate process flows through an API using Spool's infrastructure. The integration also enables institutions to use Spool's SDK and API to create white-labeled DeFi products for their own clientele, with Blocktrade (https://blocktrade.com/) being the first customer to do so.
- Spool DAO, or Spool, the DeFi platform allowing institutions and users to build customizable, risk-managed crypto products, has integrated Fireblocks to its platform to create an enhanced gateway into DeFi
Despite the institutional interest in DeFi, the sector still has major hurdles preventing meaningful adoption despite its flexibility and perks. - Even for crypto-native institutions, DeFi represents a step beyond their capabilities due to its technical, financial, and regulatory complexities requiring expert-level guidance.
- Without a clear entry path, the chances of institutions diving head-first into DeFi considerably diminish, leaving them unable to reap its benefits.
- "We're excited to work with Spool and continue to extend our DeFi offerings to the market."