The Ethereum company ConsenSys announced the integration of the MetaMask Institutional wallet with the custodian platform Fireblocks.
?We’re thrilled to announce our partnership with @FireblocksHQ.
Our integration will provide the most complete enterprise-grade wallet security and portfolio management solution for institutional investors and builders?https://t.co/I5rIQ0xXiO pic.twitter.com/UghokJT4QZ
— MetaMask Institutional (@MMInstitutional) June 8, 2023
After June 12, Fireblocks users will be able to connect their account to MetaMask Institutional (MMI). This will give them access to more than 1,700 DeFi applications such as Aave, Lido and GMX.
After the integration, organisations will be able to trade, invest, lend, borrow, provide liquidity and move assets between EVM-networks.
The integration with MMI will also provide Fireblocks clients with options such as:
- advanced portfolio management with digital-asset monitoring and deeper transaction reporting within a single dashboard;
- swaps of own tokens and staking ETH directly from the MMI extension;
- automation of portfolio-governance parameters at an organisational scale;
- attribution of performance, profit and loss across ERC-20 tokens and all major DeFi protocols.
“With exponentially growing demand from organisations to access Web3, MetaMask Institutional is focused on providing broad access to the ecosystem while meeting the most diverse and stringent institutional requirements,” said Johann Bornman, Global Head of Product for the division.
Fireblocks will become the twelfth custodian or storage-technology provider connected to MMI, the statement said.
In March, ConsenSys added a trading venue to MetaMask Institutional to facilitate staking services.