MetaMask Institutional, a branch of ConsenSys and a leading force in web3 wallet services for organisations, is integrating with Fireblocks, a trusted platform for enterprise-grade wallet security and transaction governance.
This union brings together two formidable entities in the web3 space to offer an unrivalled solution for portfolio management and DeFi accessibility.
This partnership has been formed to fill an increasingly urgent market need. With institutional interest in digital assets rising rapidly, there’s a pressing requirement for secure, efficient management solutions. Combining MetaMask Institutional’s extensive web3 ecosystem access with Fireblocks’ institutional-grade security and key management creates a potent, industry-leading offering.
MetaMask Institutional (MMI) offers an expansive suite of portfolio management solutions and leads the market in DeFi connectivity, empowering investors and builders to invest, trade, lend, and borrow across 17,000+ dApps. Fireblocks, on the other hand, is trusted by over 1,800 organisations for its secure access to DeFi, managing trading operations with high-level wallet security and transaction governance.
The integration will allow organisations using Fireblocks to access the extensive portfolio management solutions offered by MMI. This means they will have access to over 17,000 DeFi and web3 dApps such as Aave, Lido, and GMX, once their accounts are connected to MMI. The integration enhances wallet security and provides increased access and functionality to DeFi and web3, going live on 12th June.
Additional benefits to Fireblocks’ users include enhanced web3 portfolio management with all-in-one digital asset monitoring, native token swaps, ETH staking directly from the MetaMask Institutional extension, and automated team management settings, among other advantages. The integration adds to MMI’s suite of twelve custody solutions, offering choice, security, and operational efficiency for crypto funds and all organisations looking for digital asset exposure.
Johann Bornman, Global Product Lead for MetaMask Institutional, expressed excitement about the partnership. He said, “With the exponentially increasing demand from organisations 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 organisation into web3.”
Idan Ofrat, Chief Product Officer & Co-founder at Fireblocks, echoed these sentiments, saying, “As DeFi and web3 strategies become increasingly sophisticated, Fireblocks is constantly looking to improve our customers’ ability to engage with the space. We’re proud to be able to work with MetaMask Institutional and provide our customers with an enhanced portfolio management experience that meets the high security and compliance standards our customers have come to expect.”
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