Fireblocks Expands Its Tokenization Engine by Launching a New Integration with LayerZero

VANCOUVER, BC, May 19, 2025 /PRNewswire/ -- Fireblocks, an enterprise platform for managing digital asset operations and building innovative

Vancouver, BC, May 19, 2025, PRNewswire/ -- Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, announced today it has expanded its Tokenization Engine with a new integration with LayerZero, the industry's leading interoperability protocol. With LayerZero, thousands of Fireblocks customers can issue and manage stablecoins across 35+ chains with ease, security, and governance.

The growing importance of stablecoins in the global payments ecosystem has catapulted the stablecoin market cap past $230 billion, doubling that of last year. As the world increasingly recognizes the transformative potential of stablecoins, the demand for robust infrastructure is reaching a feverish peak.

This integration combines Fireblocks' battle-tested security and operational efficiency with LayerZero interoperability. LayerZero's Omnichain Fungible Token (OFT) standard will now facilitate the issuance of stablecoins and other RWAs that can seamlessly operate across multiple blockchains. By integrating LayerZero's technology into the Fireblocks platform, clients can now create OFT-enabled stablecoins in just a few clicks, all while benefitting from Fireblocks' industry-leading security, governance, and controls.

LayerZero and Fireblocks are addressing the primary challenge of fragmentation in today's digital asset ecosystem, making the tokenization of stablecoins and real-world assets more interoperable, secure, and efficient.

Institutional-grade security meets effortless multi-chain deployment

The rise of institutional interest in digital assets is accompanied by a heightened need for security and governance. Institutions rely on Fireblocks' defense-in-depth approach to deploying and managing smart contracts, building on institutional-grade key management and highly granular governance controls.

Fireblocks has supported stablecoin issuance by banks worldwide since ANZ Bank launched the first Australian dollar stablecoin in 2022. LayerZero has also supported stablecoin issuance, with $10B in stable assets being built with its OFT Standard, including USDT, USDC, and PYUSD. Now, with the integration of LayerZero, Fireblocks is powering the next wave.

"As global regulations take shape and institutional adoption accelerates, the need for secure and interoperable infrastructure is more critical than ever. Together, Fireblocks and LayerZero deliver a future-proof foundation, blending OFT's native cross-chain capabilities with enterprise-grade key management and governance," said Varun Paul, Senior Director for Financial Markets at Fireblocks.

Simon Baskys, VP of Business Development at LayerZero added, "Tokenization is only as powerful as the networks it can interact with. This partnership combines best-in-class security with true omnichain interoperability, giving institutions a seamless, scalable solution to meet the demands of a multi-chain future."

Key benefits of this integration for financial institutions, stablecoin issuers, and enterprises include:

* Simple and efficient multi-chain deployment of stablecoins and other tokenized assets.

* Advanced security features from Fireblocks, renowned for its strength in institutional custody and key management.

* Frictionless token transfers across LayerZero's rapidly expanding ecosystem of 35+ chains.

* Integration with Fireblocks' industry-leading Tokenization Engine for seamless setup and ongoing management.

* Superior liquidity and trading opportunities with tokens accessible across the deepest markets.

Strategic partnerships to enhance compliance and security

The Wyoming Stable Token Commission has chosen Fireblocks and LayerZero as token issuance partners.

"By choosing Fireblocks' Tokenization Engine and LayerZero, we're implementing the most secure, scalable infrastructure available to deploy Wyoming Stable Tokens across multiple blockchains. This is the first time a U.S. state has issued a fiat-backed digital asset—and with that comes both the opportunity and the responsibility to set the standard. WYST establishes a model for issuing stablecoins that are compliant, cost-efficient, and natively interoperable, enabling global transfers to be faster and more efficient than traditional rails," said Anthony Apollo, Wyoming Stable Commission Director.

World Stablecoin Payment Network (WSPN) is the first adopter of the Fireblocks and LayerZero integration, using the solution to enhance the security, compliance, and scalability of their stablecoins.

"WSPN is building the next-generation stablecoin payment network infrastructure with a strong foundation in cross-chain interoperability and secure tokenization. Leveraging technologies such as Fireblocks' Tokenization Engine and LayerZero's interoperability protocol, we ensure the seamless issuance, management, and transfer of stablecoins across multiple chains. Our infrastructure is purpose-built to scale globally, enabling frictionless, secure, and decentralized value movement across a truly multi-chain environment," said David Chen, Chief Technology Officer of WSPN.

About LayerZeroLayerZero is the leading blockchain infrastructure provider for cross-chain interoperability, enabling data and digital assets to move seamlessly and securely across blockchains. LayerZero's trustless omnichain interoperability