EU-based cryptocurrency startup Solvo Finance has added Fireblocks, an easy-to-use platform for creating new blockchain-based products and managing day-to-day digital asset operations, to its upcoming cryptocurrency investment app. announced to merge. Fireblocks’ proven technology support will enable Solvo to provide world-class security for its customers’ digital assets.
“Sorbo is focused on being an accessible entry point for those interested in cryptocurrencies to become crypto-ready investors by providing an easy-to-use, trustworthy and transparent platform. “Too often, opaque and complex apps and platforms create barriers for new investors as they require significant user engagement, thereby undermining trust in the platform.”
Denovitzer said Solvo is focused on “providing users with the best cryptocurrency”. With support for Fireblocks, Solvo aims to transparently provide real-time where users’ assets are at all times. “We fundamentally believe that transparency builds trust for investors interested in cryptocurrencies,” explained Denovitzer.
Sorbo believes that the main barrier to entry for investors interested in cryptocurrencies is lack of trust. In his 2022 survey by TMT Analysis, only 9% of respondents considered the cryptocurrency services offered safe and secure.
By leveraging Fireblocks’ enterprise-level technology for users’ retail wallets, financial management and direct custody, and providing users with staking rewards via Fireblocks’ Figment integration, users can access their digital assets when using the Solvo app. have confidence in the security and control of .
Steven Richardson, senior vice president of financial markets at Fireblocks, said: “Fireblocks employs next-generation, institutional-grade technology, so Solvo users can be confident that their digital assets are safe.”
The app is currently in beta testing and is expected to be generally available in early 2023.