Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, announced it has expanded its Tokenization Engine with the launch of a new integration with LayerZero, the industry's leading interoperability protocol. With LayerZero, thousands of Fireblocks customers can issue and manage stablecoins across more than 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. With the world increasingly recognizing 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 benefiting 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.