Silo Pharma Engages Fireblocks as Custodian for Institutional Crypto Treasury Platform.

Silo Pharma has partnered with Fireblocks to serve as custodian for its institutional crypto treasury platform. The partnership aims to ensure the platform's security and governance standards, aligning with Silo's strategy to create long-term value for shareholders. Fireblocks has facilitated the transfer of over $6 trillion in digital assets and is recognized for its enterprise-grade infrastructure.

Silo Pharma, Inc. (Nasdaq: SILO), a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company, has announced a strategic partnership with Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations. The partnership aims to ensure that Silo's institutional crypto treasury platform is built with enterprise-grade security and governance standards Silo Pharma Signs Strategic Agreement with Fireblocks to Advance Crypto Treasury Strategy Acquisition and Security^[1].

The collaboration will enable Silo to leverage Fireblocks' proven infrastructure for buying, staking, trading, and managing its digital assets, including Bitcoin, Ethereum, and Solana. Fireblocks' multi-layer security framework, which combines technologies such as multi-party computation (MPC) and Intel SGX, will help Silo maintain a high level of security for its crypto treasury platform Silo Pharma Signs Strategic Agreement with Fireblocks to Advance Crypto Treasury Strategy Acquisition and Security^[1].

Silo CEO Eric Weisblum stated, "Our engagement with Fireblocks is expected to ensure that our newly deployed crypto treasury platform is built with enterprise grade security and governance standards. We believe that Fireblocks’ proven institutional-grade infrastructure makes them the right partner to support our long-term strategy for buying, staking, trading, and managing our digital assets as we seek to build long-term value for our shareholders" Silo Pharma Signs Strategic Agreement with Fireblocks to Advance Crypto Treasury Strategy Acquisition and Security^[1].

Fireblocks, known for facilitating the secure transfer of over $6 trillion in digital assets, has a unique insurance policy that covers assets in storage and transit. The company serves thousands of organizations in the financial, payments, and web3 space and has a strong reputation for delivering secure, institutional-grade infrastructure Silo Pharma Signs Strategic Agreement with Fireblocks to Advance Crypto Treasury Strategy Acquisition and Security^[1].

The partnership aligns with Silo's mission to maximize shareholder value by investing in innovative technologies and creating long-term value. By partnering with Fireblocks, Silo aims to enhance the security and efficiency of its crypto treasury operations, positioning itself as a leader in the digital asset space.