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

With the broader cryptocurrency market joining risk assets on the rise following the latest US economic data, IoTeX (iotex) The token jumped more than 5% to intraday highs of $0.036. IOTX saw these gains as the DePIN project Announce Its integration with Fireblocks, an enterprise platform for managing digital assets on the blockchain.

Earlier today, IOTX reached its lowest price since December 20, 2024.

Therefore the potential for profit taking may limit the immediate upward momentum. However, the news has proven positive for IOTX as the integration with Fireblocks allows IoTeX to bring native IOTX token and other IoTeX-based assets to institutions and institutional investors around the world.

“By using Fireblocks, we are providing institutional-grade security and access to the IoTeX ecosystem, enabling new liquidity channels and adoption of our tokens. This also underscores our commitment to connecting the worlds of blockchain and real-world DePIN applications,” noted Raolin Zhai, CEO And co-founder of IoTeX.

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

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