Silo Pharma Partners with Fireblocks to Enhance Crypto Treasury Security and Strategy

Silo Pharma has partnered with Fireblocks to secure its institutional crypto treasury platform. The partnership aims to ensure that the platform is built with enterprise-grade security and governance standards. Fireblocks has facilitated the secure transfer of over $6 trillion to date and offers custody solutions available to institutional clients. This partnership is part of Silo Pharma's cryptocurrency treasury strategy targeting multi-chain asset growth.

Silo Pharma Inc. (SILO) has announced a strategic partnership with Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations, to secure its institutional crypto treasury platform. The collaboration aims to ensure that the platform is built with enterprise-grade security and governance standards, leveraging Fireblocks' robust multi-layer security framework EXCLUSIVE: Silo Pharma Partners With Fireblocks To Advance Crypto Treasury Strategy Acquisition And Security^[1].

The partnership is part of Silo Pharma's broader cryptocurrency treasury strategy, which targets multi-chain asset growth. Last week, the company announced its initial purchases of Ethereum (ETH) and Solana (SOL) tokens, marking the first step toward incorporating cryptocurrency into its treasury holdings Silo Pharma Announces Initial Investment in Ethereum and Solana under Cryptocurrency Treasury Strategy^[2]. This investment underscores the company's belief in the long-term value of digital assets and the potential of blockchain technology to shape the future of biotechnology.

Fireblocks, which has facilitated the secure transfer of over $6 trillion to date, offers custody solutions available to institutional clients. Its multi-layer security framework combines multi-party computation (MPC) technology, Intel SGX, a signature policy engine, and a deposit address authentication network, delivering custody solutions to exchanges, banks, payment service providers (PSPs), lending desks, custodians, trading desks, and hedge funds EXCLUSIVE: Silo Pharma Partners With Fireblocks To Advance Crypto Treasury Strategy Acquisition And Security^[1].

This partnership aligns with Silo Pharma's comprehensive digital assets strategy, which aligns with the accelerating adoption of digital assets by institutional investors and global enterprises. The company's forward-looking statements highlight the potential risks and uncertainties associated with this strategy, including changes in anticipated sources of revenues, future economic and competitive conditions, and difficulties in developing technology platforms Silo Pharma Announces Initial Investment in Ethereum and Solana under Cryptocurrency Treasury Strategy^[2].