ConsenSys’ MetaMask Institutional Integrates With Custody Tech Provider Fireblocks

The partnership, scheduled to go live June 12, will offer greater DeFi and Web3 Access to builder and institutional investors.

AccessTimeIconJun 8, 2023 at 1:00 p.m. UTC
Updated Jun 8, 2023 at 3:06 p.m. UTC
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ConsenSys, one of the biggest software developers for the Ethereum blockchain, said its MetaMask Institutional wallet is integrating with Fireblocks, a tech custody provider that offers a suite of tools for managing digital assets.

The integration, scheduled to go live on June 12, will give institutional investors and builders that use Fireblocks the ability to access the full suite of MetaMask Institutional (MMI).

According to a press release, over 1,800 organizations are already using Fireblocks, and their accounts will be able to connect to MMI where they can trade, borrow or invest with over 17,000 decentralized applications (dapps) such as Aave, Lido and GMX.

Johann Bornman, global product lead at MetaMask Institutional, told CoinDesk that it became apparent over the past two years that Fireblocks and MetaMask shared many of the same users. "Last year, during Permissionless, we met with the Fireblocks team in person and started discussing the possibility of working together more formally. Those conversations resulted in our two groups meeting throughout last year to start putting together the details."

The announcement comes a few weeks after ConsenSys shared that it created a marketplace for MMI where companies can choose from various staking services, like Allnodes, Blockdaemon and Kiln.

“This integration brings together two marquee products and further supports our goal to bridge every organization into web3,” Bornman said in the press release.

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Margaux Nijkerk

Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.


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