We’re excited to announce today that we’re adding support for an exciting and unique layer 1 protocol – Celo.
Celo is unique among L1 protocols because of its humanitarian mission to bring prosperity to everyone through mobile-focused dApps and crypto payments. Developed by the Celo Foundation – a non-profit organization based in the U.S. – the protocol intends to bring financial stability to the people who need it most.
Fireblocks currently supports more than 1,000 tokens and 30 protocols, and we’re continuously adding new integrations. Check the full list of tokens available on the Fireblocks platform
Institutional CELO, cUSD, and cEUR access is now available with Fireblocks
Effective immediately, Fireblocks users can now:
- Store CELO, cUSD, and/or cEUR in their Fireblocks Vault
- Transfer CELO, cUSD, and/or cEUR on the Fireblocks Network
- Launch CELO, cUSD, and/or cEUR token support for retail customers and users with Fireblocks’ REST API
- tilize any dApp built for Celo through DeFi API, and select dApps, such as Mento, through WalletConnect
Celo’s mission is to create a financial system that works for everyone, including the roughly one out of three people in the world who remain unbanked. The protocol aims to connect people globally, targeting real-world problems like lack of access to sound currency or friction for cash-transfer programs to alleviate poverty.
Celo’s EVM-based structure is designed to build apps that are mobile-first, extending the reach and benefits of decentralized applications on their blockchain to anyone with a smartphone. In addition, Celo empowers cause-based platforms that accept donations with their cUSD and cEUR stablecoins.
Celo’s positive impact and blockchain performance has helped forge strong partnerships with top Ethereum-native protocols. Through collaboration with Aave, Curve, Sushi, PoolTogether, 0x and UMA – as well as Ethereum infrastructure providers such as Chainlink, RabbitHole and The Graph – Celo aims to offer more than $100 million in educational initiatives, grants, and incentives.
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