XLink Announces New Strategic Partnerships with Fireblocks and Ancilia Team-ups will beef up wallet and smart contract management infrastructure and fortify security
Panama City, Panama
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June 17, 2024 11:15 AM Eastern Daylight Time
ALEX Lab’s XLink, as part of its continuing commitment to remain at the forefront of security in the DeFi space, is announcing several strategic partnerships to enhance both its security framework and operational capabilities.
The first new partnership will see XLink join forces with Fireblocks, an enterprise-grade platform renowned for its secure infrastructure in managing digital asset operations. The collaboration aims to enhance XLink’s wallet and smart contract management by leveraging Fireblocks’ advanced MPC (Multi-Party Computation) technology.
Fireblocks’ MPC technology will provide XLink with robust security measures for wallet and smart contract management, ensuring the highest levels of protection for digital assets. The integration will streamline XLink’s digital asset operations, enabling secure, scalable, and efficient digital asset management while paving the way for future innovations and growth in the space.
Fireblocks is the first company to achieve Cryptocurrency Security Standard (CSSS) Qualified Service Provider Level III certification by the Cryptocurrency Certification Consortium (C4). It’s also SOC2 Type III Certified and has received ISO certifications for security (ISO 27001), cloud (ISO 27017), and privacy (ISO 27018).
The second partnership announcement is in response to the recent security breach. XLink is taking immediate and decisive action to strengthen its security framework and restore user confidence by partnering with leading Web3 security firm Ancilia. Through this partnership, XLink aims to become the most secure Bitcoin liquidity aggregator in the DeFi space, ensuring robust protection for users.
Teaming up with Ancilia will help fortify XLink’s platform in a number of ways, including continuous monitoring and real-time threat detection which provides instant alerts and enables proactive measures to prevent breaches. Ancilia’s technology offers a holistic security framework, covering all aspects of XLink’s operations from smart contracts to user interactions.
By adopting Ancilia’s advanced security measures, XLink aims to instill confidence in its users that their digital assets are protected by the most robust security infrastructure available. This partnership underscores XLink’s unwavering dedication to security and user protection.
XLink has already partnered with digital asset custody provider Cobo to enhance crypto management and establish new security standards in the blockchain industry. The collaboration is an essential part of XLink’s strategy to grow its influence in the Bitcoin decentralized finance (DeFi) space.
By integrating Cobo’s advanced MPC technology, XLink has ensured unmatched security management of digital assets on its platform, preventing unauthorized access and boosting trust.
About XLink
XLink is an innovative DeFi platform designed to facilitate Bitcoin utility across different blockchains. XLink operates as an omnichain liquidity network. By leveraging intent-based mechanisms to dynamically route Bitcoin liquidity, XLink addresses the need for greater interoperability and efficiency in crypto transactions. XLink aims to redefine financial interactions by making them more decentralized, transparent, and accessible to a global, institutional audience.
About Fireblocks
Fireblocks is an enterprise-grade platform that provides secure infrastructure for moving, storing, and issuing digital assets. The platform supports exchanges, lending desks, custodians, banks, trading desks, and hedge funds in scaling their digital asset operations securely through the Fireblocks Network and MPC-based Wallet Infrastructure. To date, Fireblocks has secured the transfer of over $6 trillion in digital assets and is favored by some of the largest trading desks for its unique insurance policy covering assets in storage and transit. For more information, please visit [www.fireblocks.com](http://www.fireblocks.com).
About Ancilia
Ancilia, founded by security industry veterans, provides cutting-edge cybersecurity solutions for Web3 enterprises. With expertise in threat intelligence and prevention, Ancilia has been at the forefront of preventing high-profile attacks and ensuring the security of decentralized platforms.
About Cobo
Cobo is a globally trusted leader in digital asset custody solutions, offering a complete range of solutions from custodial to non-custodial wallets, including MPC and smart contract wallets, wallet-as-a-service, an on-chain digital asset management platform and an off-chain settlement network.
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