World Mobile Token ($WMT) has partnered with Fireblocks, an enterprise-grade digital asset management solution. This collaboration seeks to increase security on one of the WMT Migration Portal platforms, which started on September 30th, 2024.
We're delighted to announce our collaboration with @FireblocksHQ to bolster the security of the recently released Migration Portal. Fireblocks' enterprise-grade platform is integral to providing a seamless and protected token migration process for our valued WMT holders.… pic.twitter.com/eNMxEBjqIS
— WMTx: World Mobile Token (@wmtoken) October 4, 2024
The platform will make token migration safe and efficient so that token holders can shift from the Cardano-based WMT to the preferred ERC-20 WMTx token. This partnership plans to launch the token across the Ethereum, Base, and BNB Chains. WMT disclosed this strategic partnership to the crypto community through an X post.
Fireblocks Infrastructure Enhances Security
Fireblocks ensure that WMT holders experience a seamless token migration. By leveraging Fireblocks’ advanced platform, World Mobile Token reinforces its commitment to providing users with a safe and efficient process for moving their assets.
According to Zachary Vann, Head of Token at World Mobile Token, the integration of Fireblocks signifies their dedication to ensuring the security and reliability of the migration process. Vann emphasized that the partnership allows token holders to migrate confidently, knowing their assets are protected throughout the process.
World Mobile Token’s Migration Portal Offers Flexibility
World Mobile Token’s Migration Portal includes a bridge to Cardano, offering holders additional flexibility. This feature allows users to upgrade to the ERC-20 WMTx token while maintaining connections to the Cardano network. The expansion to multiple blockchains signals a significant milestone for WMT as it continues its mission to provide global connectivity through its decentralized mobile network.
Stephen Richardson, Managing Director of Financial Markets at Fireblocks, stated that the collaboration aligns with Fireblocks’ goal of delivering top-tier security for digital asset management. He added that Fireblocks is proud to support World Mobile Token’s expansion efforts and facilitate a secure migration for WMT holders.
The migration portal opening marks an essential phase in WMT’s expansion, underscoring the company’s dedication to security and user experience. The collaboration with Fireblocks ensures token holders can migrate their assets securely while supporting WMT’s growing ecosystem. This partnership highlights WMT’s commitment to setting a new standard for token migration, focusing on security and accessibility for its users.