IOTX surges amid IoTeX and Fireblocks integration

IoTeX’s native token, IOTX, rose slightly on January 14 as the decentralized physical infrastructure network platform announced a major partnership with enterprise blockchain firm Fireblocks.

As the broader crypto market rose along with risk assets following the latest US economic data, the IoTeX (IOTX) token rose more than 5% to an intraday high of $0.036. IOTX saw these gains when the DePIN project announced its integration with Fireblocks, an enterprise platform for digital asset management on the blockchain.

Earlier in the day, IOTX reached its lowest price since December 20, 2024.

Therefore, potential profit taking could immediately dampen the upside momentum. However, the news was positive for IOTX, as the integration with Fireblocks allowed IoTeX to bring its native IOTX token and other IoTeX-based assets to businesses and institutional investors worldwide.

“Using Fireblocks, we bring enterprise-grade security and accessibility to IoTeX’s ecosystem, enabling new liquidity channels and adoption of our tokens. This further underscores our commitment to bridging the worlds of blockchain and real-world DePIN applications. Raullen Chai, CEO and co-founder of IoTeX, said:

The partnership creates opportunities for businesses looking to explore the tokenized decentralized physical infrastructure network data market. According to IoTeX, this includes the adoption of machine-based real-world assets and decentralized applications on its platform.

The collaboration with Fireblocks is expected to increase network liquidity and enhance institutional adoption of IoTeX’s native token and other ecosystem assets. Key users who can benefit from this integration include custodians, funds and exchanges who want to benefit from IoTeX and Fireblocks solutions on the DePIN platform.