Nano Labs, SlowMist, and Aquarius announced the establishment of the Fortress Foundation and launched its first initiative, the Fortress Initiative
ChainCatcher news, Nano Labs, SlowMist, and Aquarius announced the establishment of the Fortress Foundation and launched its first initiative—the Fortress Initiative. This is a framework for liquidity management security design and process audit standards, aimed at setting a new benchmark for security and transparency in the cryptocurrency liquidity management field. The initiative provides detailed security guidelines for liquidity management protocols and establishes practices for auditing liquidity management processes, supplemented by practical case studies to ensure operability.The core vision of the Fortress Initiative is to establish global standards for liquidity management security and process auditing, thereby building trust across the entire cryptocurrency ecosystem. Its mission is to provide cutting-edge security frameworks and rigorous audit standards, enabling organizations to effectively protect digital assets while optimizing liquidity management operations.The initiative follows a comprehensive one-year roadmap aimed at achieving a seamless transition from concept to full industry integration. The initial phase focuses on foundational development work, including defining concepts, establishing brand identity, assembling core contributors and partner organizations, and drafting frameworks through collaboration with key stakeholders. During this phase, the team developed risk assessment protocols, audit methodologies, and penetration testing plans, which were validated through pilot case studies. Subsequently, the launch phase will collect feedback and drive participation through formal releases, interactive panel discussions, live demonstrations, and community workshops at major industry events. The final phase will optimize and expand the framework based on early audit results, incorporate regulatory compliance measures, establish a trained network of auditors, and culminate in a security summit to showcase progress and plan future strategies.The Fortress team stated that in the early stages of the project, they will focus on inviting asset management protocols and ecosystem partners with BTC staking needs to participate in the construction.The initiative has received strong support from industry-leading organizations. Nano Labs (Nasdaq: NA) is a publicly listed company on Nasdaq and a leading chip design company in Asia, at the forefront of technological innovation and recognized as a major and steadfast holder of Bitcoin. SlowMist is a globally renowned blockchain security company with over a decade of professional experience, bringing unparalleled expertise to the field of cybersecurity. Aquarius is a research-driven asset management company managing over $600 million in assets, providing rich expertise in liquidity management and liquidity management strategies. Additionally, the Sei native lending protocol Takara Lend, supported by Sei Blockchain, joined as one of the first donating members, highlighting their commitment to collaboratively establish standards and processes that will shape the future of liquidity management security.The technical framework of the Fortress Initiative is equally robust, with security standards covering the entire liquidity management lifecycle—from pre-liquidity management assessments, continuous monitoring, to post-management issue response systems—integrating comprehensive testing, monitoring, coordination, and tracking systems comparable to ISO 9001 standards. This framework includes detailed smart contract code audits, comprehensively checking for issues such as permission vulnerabilities, security design, design logic, variable coverage, variable declarations and scopes, arithmetic accuracy, uninitialized storage pointers, and denial-of-service attacks. Additionally, the framework encompasses rigorous security awareness testing conducted through red team testing and phishing simulations, comprehensive multi-chain asset security monitoring, and thorough assessments of internal management processes, including recruitment, code deployment, incident response, and multi-signature wallet management.The Fortress Foundation is a non-profit organization dedicated to promoting blockchain security, with the goal of establishing standards for security and transparency in the liquidity management ecosystem.
