Fortress Initiative Aims To Enhance Security In Cryptocurrency Liquidity Management

According to PANews, Nano Labs, SlowMist, and Aquarius have announced the establishment of the Fortres Foundation and the launch of the Fortress Initiative. This initiative introduces a security design framework and process audit standards aimed at setting new benchmarks for safety and transparency in cryptocurrency liquidity management. The framework covers various stages of the liquidity management lifecycle, including risk assessment, continuous monitoring, and incident response. It also incorporates measures such as smart contract code audits and multi-chain asset security monitoring to ensure comprehensiveness and practicality. The Fortress Initiative plans to achieve industry integration through a one-year roadmap, initially focusing on inviting asset management protocols and ecosystem partners with BTC staking needs to participate in its development. The initiative has garnered support from leading industry institutions such as Nano Labs, SlowMist, and Aquarius. Additionally, Takara Lend, a lending protocol supported by the Sei blockchain, has joined as one of the first donor members.