News from the Wire

Fordefi solution to support Starkness

Wednesday, December 11, 2024 — 12:49:53 (EST)

London, UK, December 10th 2024: Starknet, a leading Ethereum Layer-2 scaling solution, has announced its integration with Fordefi, an advanced Multi-Party Computation (MPC) wallet platform that offers institutional investors secure access to decentralized finance protocols. With this integration, the world’s biggest financial players can now seamlessly engage with Starknet’s scaling technology, enabling more efficient asset deployment and interaction with DeFi services.

A leading light in the world of Web3, Fordefi is setting a new standard for secure and scalable access to decentralized finance. Trusted by over 100 top institutional clients, including Keyrock, Wintermute, Pantera Capital, and Selini Capital, Fordefi bridges the gap between institutions and DeFi with its innovative approach to wallet management.

With this integration, Fordefi becomes the first institutional DeFi-native wallet to support Starknet, bringing the world closer to the possibilities of digital currencies. It combines the unique benefits of Starknet’s account abstraction—where smart contract-based wallets are native and required—with Fordefi’s MPC technology. The result is a powerful solution that offers gas sponsorship, flexible policy management, and robust governance tools, delivering unmatched security and usability tailored to the needs of trading firms, funds, and institutional players.

Commenting on the significance of the partnership, James Strudwick, Executive Director of the Starknet Foundation, said: “Fordefi’s integration with Starknet represents a significant step forward in expanding access to decentralized finance for institutional players, particularly funds and trading firms that are looking to securely access emerging blockchain networks like Starknet. With Fordefi’s tailored approach to managing institutional DeFi risks, this partnership lowers barriers for institutions and accelerates the growth of our ecosystem. It’s a win-win for everyone, and brings us closer to Web3 mass adoption.”

“As the first institutional wallet to support Starknet, Fordefi is proud to help institutions unlock the potential of decentralized finance on one of the most advanced Ethereum Layer-2 networks,” said Josh Schwartz, CEO of Fordefi. Our integration enables secure and seamless interaction with Starknet’s ecosystem, ensuring that institutions can confidently engage in DeFi while mitigating unique risks.”

Key features and benefits of the integration include:

Secure Interaction with DeFi Protocols: Fordefi’s MPC-based wallet ensures robust security for institutional clients engaging with staking, yield farming, and liquidity provisioning on Starknet. Optimized for Institutional Users: Designed to meet the needs of funds, trading firms, and institutional investors, Fordefi simplifies deployment and interaction with decentralized networks. Advancing DeFi Accessibility: Starknet’s Layer-2 scaling solution, combined with Fordefi’s expertise, enhances access to DeFi ecosystems without compromising on security or usability.

“Fordefi’s integration with Starknet is a turning point for institutional DeFi adoption, offering a synergy of security, scalability, and usability,” said Kevin de Patoul, CEO of Keyrock. “At Keyrock, we see this as a critical step in enhancing liquidity and expanding within the Starknet ecosystem. This collaboration is a testament to the growing maturity of DeFi, laying the groundwork for a stronger and more inclusive digital economy.”

"We are thrilled to partner with Fordefi to bring seamless and secure Starknet staking solutions to institutional users. This collaboration highlights our shared commitment to innovation and reliability, empowering the next wave of digital asset adoption,” said Laszlo Szabo, CEO at Kiln.

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Press Queries:

Georgia Hanias Starknet Foundation georgia@starknet.org +44 (0) 7812 211 403

About Starknet Foundation

The Starknet Foundation is an independent organisation dedicated to supporting and advancing the Starknet project, a permissionless, decentralised validity rollup operating as a Layer-2 network on Ethereum. By fostering a community-centred governance framework and empowering developers and operators, the Foundation promotes the growth and adoption of the Starknet ecosystem. For more information, visit Starknet Foundation.

About Fordefi

Fordefi is a leading MPC wallet platform built specifically for institutional decentralized finance (DeFi). The platform provides secure and efficient access to DeFi protocols, helping institutions such as trading firms and funds navigate the unique risks of engaging with decentralized networks. Fordefi’s security platform offers native connectivity to dozens of blockchains, self-serve policy controls, smart contract address verification, transaction simulation, and on-chain risk alerts, alongside a full-stack developer suite of native APIs and SDKs. Fordefi focuses on usability and security, empowering institutions to confidently deploy assets on blockchain ecosystems like Starknet and Ethereum. For more information, visit Fordefi.

About Kiln

Kiln is the leading digital asset rewards management platform, enabling businesses to earn rewards on their digital assets, or to white label earning functionality into their products. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $11 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 4.3% of the network; this includes 50,000+ active validators with 0 slashing events. For more information visit Kiln.

About Keyrock

Founded in Brussels in 2017, Keyrock is a global leader in Market making, OTC and Options trading for digital assets. Providing liquidity to over 85 centralised and decentralised venues worldwide, their 170-strong team is spread across 37 countries and entities in Brussels, London, and Switzerland. Keyrock’s commitment to the industry is practical, not theoretical. Actively supporting Web3 startups and injecting capital in promising DeFi protocols. With Keyrock, the future of digital assets is not just envisioned; it's actively being built.

For more information visit Keyrock.

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Source: Company press release.