Fireblocks Joins List of Custody Technology Providers for MetaMask Institutional
MetaMask Institutional, a wallet software designed for institutions, has added Fireblocks to its list of custody technology providers. This move comes as institutions increasingly seek ways to invest in and manage cryptocurrencies.
MetaMask Institutional offers a range of features for institutions, including staking and lending crypto. However, it does not hold custody of funds for institutions. Instead, it allows institutions to choose from a list of custody technology providers. Fireblocks is the latest provider to join the list, which already includes BitGo, Gnosis Safe, Parfin, Hex Trust, and others.
Fireblocks is a secure infrastructure provider for digital assets that allows institutions to move, store, and issue cryptocurrencies. Its addition to the list of custody technology providers for MetaMask Institutional is expected to provide more options for institutions looking to invest in and manage cryptocurrencies.
According to Michael Shaulov, CEO of Fireblocks, the partnership with MetaMask Institutional is a significant milestone for the company. He stated, “We’re thrilled to be joining the MetaMask Institutional custody provider ecosystem. Our secure infrastructure will provide MetaMask’s institutional clients with the ability to securely store and transfer digital assets, while providing the highest level of protection.”
The partnership between MetaMask Institutional and Fireblocks is expected to provide institutions with a more secure and reliable way to invest in and manage cryptocurrencies. With the addition of Fireblocks to its list of custody technology providers, MetaMask Institutional is expanding its reach and providing more options for institutions looking to enter the cryptocurrency market.