Solvo Finance, an EU-based cryptocurrency startup, has announced that their forthcoming crypto investing app will integrate Fireblocks, an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations. With the support of Fireblocks’ battle-tested technology, Solvo will be able to provide world-class security for customers’ digital assets.
“Solvo is focused on being an accessible entry point to empower the crypto-curious to become crypto-capable investors by providing an easy-to-use, trusted and transparent platform,” said Ayelen Denovitzer, Co-founder and CEO of Solvo. “Too often, opaque and complicated apps and platforms are barriers to new investors by requiring heavy user involvement and thereby undermining trust in the platform. Solvo is focused on providing the best of the best of crypto to our users. With the support of Fireblocks, Solvo is providing our users with real-time transparency of where their assets are at any given time. We fundamentally believe that transparency will build trust in crypto-curious investors.”
Solvo believes a key barrier to entry for the crypto-curious investor is lack of trust. A 2022 survey by TMT Analysis found that only 9% of respondents believe that crypto services on offer are safe and secure. By utilizing Fireblocks’ enterprise-grade technology for its users’ retail wallets, treasury management, direct custody and offering its users staking rewards via Fireblocks’ Figment integration, users can be confident in the security and control of their digital assets when using the Solvo app.
“We are excited to support Solvo’s vision of creating greater accessibility to crypto and decentralized finance via a simple, transparent and trustworthy platform,” said Stephen Richardson, Senior Vice President of Financial Markets at Fireblocks. “Fireblocks employs next-generation, institutional-grade technology so Solvo users can rest assured that their digital assets are safe.”
The app is currently in beta testing and is expected to launch to the general public in early 2023.
About Solvo
Solvo is on a mission to turn crypto-curiosity into crypto-capability, and empower everyone to access the best of the best of crypto, by providing straightforward, transparent, trusted and easy to use entry into the crypto market. Solvo is currently based in Lithuania and is authorized as both a crypto exchange and a crypto custodian. In September 2022, Solvo announced the close of a $3.5 million fundraising round.
Visit www.solvo.finance to learn more.
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About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, custodians, banks, fintechs, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,600 financial institutions, has secured the transfer of over $3 trillion in digital assets and has a unique insurance policy that covers assets in storage and transit. Some of the biggest crypto businesses have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love.
For more information, please visit www.fireblocks.com.