Blockchain
BIFROST Launches Biport Wallet, Opening a Gateway to True Multichain DeFi for Crypto Users
BIFROST, the world’s first blockchain middleware that enables true multichain connectivity, announced the launch of Biport Wallet, a universal passport to the multichain world of decentralized finance (DeFi). Open-source and decentralized, Biport Wallet seamlessly connects to multiple blockchain networks, enabling crypto users to manage multiple cryptocurrencies, all in one place. Currently supporting cryptocurrencies across blockchain networks including Bitcoin, Ethereum, Binance Smart Chain, Avalanche, and Klaytn, Biport Wallet is designed from the ground up to offer the most seamless and secure multichain experience, democratizing access to the world of DeFi.
One Wallet, All Chains
Despite users’ needs for easy-to-use digital asset wallets, most wallets today require connection to Ethereum-based tokens first, adding a layer of complexity for ordinary users with little knowledge of the blockchain network. Furthermore, general digital asset wallets typically do not allow users to remit and store cryptocurrencies beyond Ethereum ERC-20 tokens, and this results in scalability issues, limiting the potential growth of the general DeFi ecosystem.
With Biport Wallet, these pain points associated with most digital asset wallets are resolved — users can send, receive, and store a wide range of digital assets without compromising on convenience and security.
Biport Wallet also reduces user friction that exists when performing multichain transactions for digital assets, enabling users to access fundamental peer-to-peer (P2P) services and multichain features that allow for the storage and management of a wide range of Bitcoin, ERC-20, BEP20, and C-Chain tokens.
Key features of Biport Wallet include:
Multichain Connectivity
Biport features true multichain connectivity, enabling users to manage a diverse portfolio of cryptocurrencies across different blockchains all in one place. With Biport’s multichain capabilities, users will be able to send, receive, and store a wide range of assets across networks in a secure environment, bringing unrivalled convenience and peace of mind. Biport initially supports Ethereum, Binance Smart Chain (BSC), Avalanche, and Bitcoin.
MetaMask Support
Biport Wallet will support MetaMask, one of the most widely used decentralized wallets today. With the MetaMask Support feature, users will be able to access and use all DApps that support MetaMask, providing users with a broad range of protocols spanning Uniswap, SushiSwap, Compound, Aave, and many more.
BiFi Accessibility
Biport Wallet will be integrated with BiFi, the first DeFi to connect Bitcoin and Ethereum networks and offer native Bitcoin lending. With true multichain connectivity, users will be able to directly deposit assets to BiFi Lending pool from the wallet to earn interest as well as BiFi tokens to maximize yield.
Commenting on the launch of Biport Wallet, Dohyun Park, CEO & Co-Founder of BIFROST, said: “Blockchain has changed the fabric of our financial system in less than a decade. Yet despite the compelling advantages of the technology, there are still many inherent challenges that hold it back from achieving its true potential. As we envision a truly interoperable DeFi landscape, the launch of Biport Wallet marks an important milestone in fulfilling our mission of providing efficient, convenient, yet secure DeFi products for all users — whether it’s early adopters, advanced traders, or new users.”
One Vision for the Ultimate Multichain Experience
Earlier this year, BIFROST also launched BiFi, the world’s first native Bitcoin lending on Decentralized Finance (DeFi), connecting both the Bitcoin and Ethereum networks. Fully integrated with Biport Wallet, users will be able to easily access digital asset deposit and loan services through BIFI, allowing for enhanced connectivity. To provide users with greater accessibility across the DeFi ecosystem, Biport Wallet will also be integrated with the entirety of BIFROST and BIFI products in the coming months.
“At BIFROST, we are committed to developing innovative products that not only solves the pain points for users looking to participate in DeFi, but also engineer reliable products with security and scalability in mind. As we continue to create a multichain decentralized infrastructure that allows capital to flow seamlessly across blockchains, our innovation will not stop here — with Biport Wallet as a gateway to crypto, DeFi, NFTs, and GameFi, we will continue to bring the latest developments and the best features to our users, bringing the best multichain experience for all users,” Park added.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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