MetaMask Institutional (MMI), a version of the wallet that integrates institution-required custody, operational efficiency, risk, and compliance features, announces new strategic partnerships with Gnosis Safe, Hex Trust, GK8, and Parfin. Six months after announcing the integrations of some of the largest crypto custodians globally, MMI brings its offering a step further, now embracing the requirements of DAOs looking for key management solutions to engage in DeFi activities.
MetaMask Institutional (MMI) was created in December 2020 by ConsenSys to address the large number of leading crypto funds, market-makers, trading desks, and now, DAOs seeking to increase exposure to decentralized finance (DeFi) and join MetaMask’s 30 Million Monthly Active Users across the globe. Web3, or “the decentralized web,” is the philosophical touchstone that guides ConsenSys’ and its product suite vision.
MMI provides these organizations with full access to DeFi and Web3 while satisfying even the most rigorous of institutional requirements. Qualified custody, custody technology, and non-custodial solutions play a fundamental role for organizations accessing Crypto and DeFi. These providers solve for the storing of private keys and facilitate the approval and signing of transactions. They are paramount to organizations safely acquiring and holding crypto assets.