Ice Open Network, a well-known L1 blockchain to enhance Web3 adoption with a decentralized, secure, and scalable platform, has started partnership with Uphold Inc., a prominent digital finance entity. The collaboration aims to empower institutional infrastructure to expedite worldwide adoption. The platform revealed this development on its official social media account on X.
Ice Open Network and Uphold Collaborate to Boost Institutional Infrastructure for OTC, DeFi, and CeFi
The partnership between Ice Open Network and Uphold improves the former’s operational foundation and unlocks crucial growth routes across over-the-counter (OTC), decentralized finance (DeFi), and centralized finance (CeFi) networks. In this respect, the collaboration places Uphold as the formal Institutional Custody Platform for ION. This enables over three hundred digital assets as well as more than forty blockchain networks.
Apart from that, Uphold’s inclusive infrastructure offers significant credibility to the Ice Open Network. It has more than $7B in its assets under management, over $53T in processed transfers, and a worldwide consumer base surpassing 10M. As a result of this, the platform is broadly positioned among the most reliable custodians within the digital asset sector.
The institutional-level custody and compliance mechanisms of the platform deliver a flexible and secure setting for massive digital operations. This meets precisely the scale of reliability needed to back the long-term ambitions of ION. For ION, the collaboration goes beyond technical integration, underscoring a move toward developing scalability and legitimacy in a considerably competitive blockchain network.
Delivering Unique Opportunities Concerning Liquidity and Capital Efficiency
As per Ice Open Network, the partnership is anticipated to unlock diverse opportunities. They take into account a streamlined access to worldwide liquidity, improved credibility with regulators and institutional investors, and enhanced capital efficiency. It additionally leads toward cutting-edge financial instruments as well as cross-chain interoperability. These things are noteworthy in driving Web3 platforms’ future evolution.
