IoTeX Partners with Fireblocks, Boosts IOTX Token Value

The native token of IoTeX, IOTX, saw a slight increase on January 14, following the announcement of a major partnership with enterprise blockchain firm Fireblocks. This development comes as the broader crypto market experiences growth alongside risk assets, driven by the latest U.S. economic data.

IoTeX Token Sees Gains

As a result of the partnership, the IoTeX token jumped more than 5% to intraday highs of $0.036, a notable increase in value. However, it’s essential to note that potential profit taking may limit immediate upside momentum, as IOTX had earlier hit its lowest price since December 20, 2024.

The integration with Fireblocks brings several benefits to IoTeX, including the ability to introduce its native IOTX token and other IoTeX-based assets to enterprises and institutional investors worldwide. This development is expected to enhance network liquidity and promote institutional adoption of IoTeX’s native token and other ecosystem assets.

“By utilizing Fireblocks, we are bringing institutional-grade security and accessibility to IoTeX’s ecosystem, enabling new liquidity channels and adoption for our tokens. This further underscores our commitment to bridging the worlds of blockchain and real-world DePIN applications.”

Key Benefits and Opportunities

The partnership between IoTeX and Fireblocks opens up opportunities for enterprises looking to explore the tokenized decentralized physical infrastructure network data market. This includes the adoption of machine-based real-world assets and decentralized applications on the IoTeX platform. Key users who can benefit from this integration include:

  • Custodians
  • Funds
  • Exchanges

These users can leverage the IoTeX and Fireblocks solutions on the DePIN platform to advance their operations and investments in the cryptocurrency and blockchain space.

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