Cardano Foundation and Fireblocks Open Native Tokens to Institutions
Cardano Foundation and Fireblocks will bring Cardano Native Tokens, or CNTs, onto the institutional custody platform, the Swiss nonprofit announced on September 24. Tokens issued directly on the Cardano blockchain will become standard assets on Fireblocks, letting the thousands of banks, exchanges, payment firms and fintechs that use the platform custody, send and receive them with the same security and policy controls they apply to every other digital asset. Fireblocks, which says it secures more than $16 trillion in digital asset transactions, has supported Cardano’s native currency ADA since 2021, but CNTs have until now required extra manual steps.