EXCLUSIVE: Silo Pharma Partners With Fireblocks To Advance Crypto Treasury Strategy Acquisition And Security

Core Insights - Silo Pharma Inc. has engaged Fireblocks as the custodian for its institutional crypto treasury platform, aiming to enhance security and governance standards [1][3] - Fireblocks has facilitated the secure transfer of over $6 trillion in digital assets, showcasing its capability in the digital asset space [2][3] - Silo Pharma's initial purchases of Ethereum (ETH) and Solana (SOL) tokens mark the beginning of its cryptocurrency treasury strategy, which was launched in August [5][6] Company Developments - The partnership with Fireblocks is expected to provide enterprise-grade security for Silo's crypto treasury platform [1][3] - Silo Pharma has appointed Corwin Yu as the first member of its Crypto Advisory Board to lead its cryptocurrency treasury strategy [5] - The company has also acquired AI-powered market intelligence technology to enhance decision-making capabilities [6] Market Context - The Fireblocks Network allows various financial entities, including exchanges and hedge funds, to securely scale their digital asset operations [4] - Silo Pharma's strategy aims to incorporate cryptocurrency into its treasury holdings and supports broader initiatives in blockchain and real-world asset tokenization [5]