Fireblocks

We do Ethereum and we do more coins than anybody else.

More of the top 100, more of the top 250 than any other provider from Fireblocks to Anchorage to Coinbase, etc.

And a lot of times the technology we're using there is MPC instead of multi-sig.

The reason, you know, a number of blockchains, including Ethereum, don't support multi-sig on-chain.

For the global Bitcoin digital assets that are out there, the total underwriting coverage in the world is probably five, $7 billion in size.

And yet Bitcoin is $2 trillion.

So that means that BitGo and Coinbase and Fireblocks and Kraken and all these other companies added together only have about $6 billion in cover.

That's just not going to change.

I also started to look at tokenized treasuries, carbon credits, et cetera.

And I wanted to get closer to the tech, so I ended up doing a stint at Fireblocks.

And that Fireblocks experience was really...

I'll say transformative for me in the way that I thought about wallet services and particularly embedded wallet services.

And I was able to bring that out through my new role at Fiserv, where I'm looking after our stablecoin and tokenized deposit initiatives, where we are bringing that to the table as a non-custodial solution using embedded wallets and fireblocks.

You talk about this infrastructure ecosystem.

So we know they have some staking activities, partnerships with Galaxy, Figment, Fireblocks, Cactus, Custody, as you can see listed.

So well entrenched in the Ethereum ecosystem.

But I wanted to highlight two specific items.

You know, and that's only some of it at least, right? There's many more.

But I guess loosely speaking, you've got go to a custodian and pay them, right? Like the BitGo's, the Coinbase custodies, the Anchorages of the world, the Fidelity digital assets, the Fireblocks, etc.

Then you've got sort of, you know, get like a guided multi-sig kind of solution, right? Like yourself, like others out there.

Casa, AnchorWatch, there's a whole bunch.

Unverified contracts will fall back to standard blind signing warnings.

The implementation is part of the Ethereum Foundation's Clear Signing Working Group Registry under the Trillion Dollar Security Initiative, which includes industry-wide participants such as Ledger, Metamask, WalletConnect, and Fireblocks.

The Deutsche Bundesbank, Germany's national central bank, deployed a ZK-SYNC Providium, a Layer 2 anchored to Ethereum and secured by zero-knowledge proofs, on Testnet using its own self-hosted infrastructure.

The deployment comes as Matter Labs, the parent company of ZK-SYNC, announced that it is open-sourcing the core permissioning engine that governs roles and access control for its enterprise distributed ledger technology network.

None of the vendors you're working with have declared publicly they're working with you yet, is that right?

The Fireblocks was one that we're working with.

It's the one that comes to mind, yeah.

Okay, which piece are they supplying? Well,

So for me, I'm trying to build this ecosystem around Lido institutional and make it as easy as possible for institutions to stake.

So that would mean at the custody level, having native integrations with the likes of Fireblocks, Anchorage, BitGo, having ETPs where clients can go on their traditional custody or brokerage platform, seeing that wisdom tree stake each product and just being able to buy units of that fund.

And then I think the next big focus will be on the US and trying to get a Steeth ETF launched as well.

I look at this and I wonder what other ways are institutions starting to use liquid stake tokens to generate extra yield? Are they getting creative enough yet in the market or what do you think?