World Mobile Token ($WMT) has announced a new partnership with Fireblocks, a leading enterprise-grade digital asset management platform. The news was shared via World Mobile Token’s official X account. This collaboration aims to enhance the World Mobile Token Migration Portal’s security, officially launched on September 30th, 2024.
The partnership will strengthen security during token migration. WMT holders will swap their Cardano-based tokens for the new ERC-20 WMTx token minted on Base, Ethereum, and BNB Chain.
According to Zachary Vann, the Head of Token at World Mobile Token, this is a major step. Vann said that with Fireblocks, they can guarantee that the transition will be smooth without risks. Through this cooperation, and are keen on security and user-friendliness, they can offer their community to transition seamlessly to the new ERC-20 WMTx token.
This migration is part of a continuous growth plan for World Mobile Token. This change is crucial to expanding the token’s reach across the networks of various blockchains as the community utilizes ERC-20 WMTx. By doing this, WMT holders can interact with more platforms and freely interface with the broader DeFi area.
Fireblocks Aims to Set New Standard for Token Migration with World Mobile Token Partnership
Stephen Richardson, the Managing Director of Financial Markets at Fireblocks, showed interest in helping World Mobile Token grow. Richardson said they are happy to assist in their migration needs on behalf of World Mobile Token. He also mentioned that their company has designed the platform at the highest level of security for enterprises. He said that it will enable the World Mobile Token to protect the highest standards of digital assets. Individually, they will propose solutions that they hope will establish a new gold standard in token rotating.
Besides the ERC-20 WMTx token, there will also be a Cardano bridge for users to make the change more flexible. This will also help established token holders transition seamlessly, no matter the blockchain platform they are using at the moment.
With the growth of World Mobile Token, the focus on the security of customers’ assets, the openness of operations, and the focus on the customer are important aspects when working with Fireblocks. This is how World Mobile Token continues its journey towards making the decentralised internet possible. It also guarantees that users can speculate on new blockchain platforms without the inconvenience of safely transitioning through the blockchain.
