MetaMask Integratesn With Fireblocks To Offer Unrivaled Web3 Access
Key Points:
- MetaMask Institutional Wallet has partnered with Fireblocks, a tech custody provider that provides a range of solutions for managing digital assets.
- The connection will allow institutional investors and builders that utilize Fireblocks to access the complete MetaMask Institutional package.
- Around 1,800 organizations have already started using Fireblocks, and their accounts will be able to link to MMI, where they will be able to trade, borrow, or invest with over 17,000 dApps.
ConsenSys, one of the Ethereum blockchain software developers, announced that its MetaMask Institutional wallet, the web3 wallet for organizations and the market’s first multi-custodial institutional web3 offering, is integrating with Fireblocks, a tech custody provider that provides a suite of tools for managing digital assets.
According to the release, when customers link their Fireblocks accounts to MMI, they will be able to access over 17,000 DeFi and web3 dapps such as Aave, Lido, and GMX.
Organizations may use MMI to trade, invest, lend, borrow, offer liquidity, and bridge assets between EVM chains while benefitting from the security of Fireblocks’ MPC wallet architecture and Policy Engine for transaction governance and signature. MMI’s portfolio management features, as well as the all-in-one dashboard, will be accessible for monitoring and reporting on holdings across dApps.
The combination of MetaMask Institutional and Fireblocks comes as the crypto market continues to show promise, boosting institutional interest and adoption.
According to EY-Parthenon research, institutional investors are highly optimistic about the long-term prospects of crypto/digital assets, with roughly 60% attempting to join the field. As institutional interest in the cryptocurrency market grows, so does the need for safe and efficient digital asset management solutions. Our collaboration gives institutional investors and builders the best of both worlds: MMI’s unrivaled access to the web3 ecosystem and Fireblocks’ institutional-grade security and key management.
According to Johann Bornman, Global Product Lead for MetaMask Institutional:
“With the exponentially increasing demand from organizations to enter web3, MetaMask Institutional is focused on providing the most expansive ecosystem access while satisfying the most diverse and rigorous institutional requirements. Fireblocks is the leading institutional digital asset self-custody platform, and we are truly delighted to be working with the team. This integration brings together two marquee products and further supports our goal to bridge every organization into web3.”
The integration expands on MetaMask Institutional’s vast portfolio of now twelve custodians and custody technology providers, which gives crypto funds, web3 developers, and any companies seeking exposure to the digital asset class with choice, security, and operational efficiency.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
Coincu News