Silo Pharma's Crypto Vault Gets Fort Knox Security via Fireblocks

Silo Pharma, Inc. (NASDAQ: SILO) has entered a strategic partnership with Fireblocks, a leading enterprise blockchain infrastructure provider, to manage its institutional cryptocurrency treasury platform. The collaboration aims to enhance security and governance for Silo’s digital asset operations, aligning with the company’s broader strategy to integrate blockchain technology into its financial and real-world asset (RWA) initiatives. Fireblocks, which has facilitated over $6 trillion in secure digital asset transfers, will leverage its multi-party computation (MPC) technology, Intel SGX, and a deposit address authentication network to safeguard Silo’s holdings in Bitcoin, Ethereum, and Solana Silo Pharma Signs Strategic Agreement with Fireblocks to Advance Crypto Treasury Strategy Acquisition and Security^[1].

The partnership underscores Silo’s commitment to leveraging institutional-grade infrastructure for its crypto treasury. “Our engagement with Fireblocks ensures our platform is built with enterprise-grade security and governance standards,” said Silo CEO Eric Weisblum, emphasizing the firm’s focus on long-term value creation through digital asset management. Fireblocks’ infrastructure is designed to support Silo’s goals of buying, staking, and trading assets while adhering to regulatory and operational best practices EXCLUSIVE: Silo Pharma Partners With Fireblocks To Advance …^[2]. The platform’s insurance policy, which covers assets in storage and transit, further reinforces trust in the custody solution Silo Pharma Engages Fireblocks as Custodian for Institutional …^[3].

Silo has already initiated purchases of Ethereum and Solana tokens, marking the first phase of its multi-chain treasury strategy. The company also announced the appointment of Corwin Yu to its Crypto Advisory Board and the acquisition of AI-driven market intelligence tools to inform decision-making. These moves reflect Silo’s dual focus on biopharmaceutical innovation and blockchain adoption. Its therapeutic pipeline includes programs targeting PTSD, chronic pain, and neurodegenerative diseases, with research collaborations spanning leading academic institutions Silo Pharma Signs Strategic Agreement with Fireblocks to Advance Crypto Treasury Strategy Acquisition and Security^[1].

Fireblocks’ CEO, Ezra Solomon, highlighted the strategic alignment between the two firms. “Partnering with Silo reflects our commitment to enabling long-term value creation in digital assets,” he stated, noting that the collaboration will scale Silo’s ability to manage assets at an institutional level. Fireblocks’ technology is already used by thousands of organizations in finance and web3, positioning it as a trusted partner for Silo’s expansion into crypto markets EXCLUSIVE: Silo Pharma Partners With Fireblocks To Advance …^[2].

The partnership has drawn attention from investors, with Silo’s stock rising 1.99% in premarket trading following the announcement. Analysts suggest the move could position Silo to capitalize on growing demand for institutional-grade crypto custody solutions. However, the company’s forward-looking statements—such as projections for asset growth and governance—carry inherent risks, including market volatility and regulatory uncertainties Silo Pharma Engages Fireblocks as Custodian for Institutional …^[3].