MetaMask and Fireblocks join forces to offer institutional investors secure defi

MetaMask Institutional and Fireblocks have joined forces to offer institutional investors and blockchain developers a solution for secure defi and web3 access, combining wallet security, portfolio management, and connectivity to thousands of decentralized applications.

Enabling secure web3 access 

MetaMask Institutional (MMI), a leading web3 wallet for organizations, and Fireblocks, a platform for secure DeFi access and crypto operations, have announced a partnership deal aimed at providing institutional investors and builders with an unparalleled suite of services. 

Through the collaboration, the team will combine the best-in-class wallet security offered by Fireblocks, with the enhanced functionality and web3 access provided by MetaMask Institutional.

The team says the more than 1,800 organizations currently using Fireblocks will gain access to MMI’s extensive suite of portfolio management solutions and seamless connectivity to more than 17,000 DeFi and web3 applications. 

By connecting their Fireblocks accounts to MMI, users can engage in activities such as investing, trading, lending, borrowing, liquidity provision, and asset bridging across various Ethereum Virtual Machine (EVM) chains. The security of Fireblocks’ MPC wallet infrastructure and Policy Engine for transaction governance and signing further ensures the safety of these operations, the team claims. 

MMI will also provide Fireblocks’ users with an array of features to enhance their web3 portfolio management experience. These include digital asset monitoring, protocol allocation breakdowns, and in-depth transaction reporting, all conveniently accessible through a single dashboard. 

Users can also benefit from native token swaps and Ethereum staking directly from the MMI extension or dashboard.

Additionally, team management settings with automated onboarding and organization-wide portfolio views will be available. The integration will further enable users to assess performance and profit/loss (P&L) attribution metrics for ERC-20 tokens and major defi protocols.

The collaboration between MetaMask Institutional and Fireblocks reflects the growing institutional interest and adoption of crypto assets. According to EY-Parthenon research findings, nearly 60% of institutional investors are actively exploring entry into the crypto space, recognizing the long-term benefits of digital assets.

 As this interest intensifies, the need for secure and efficient digital asset management solutions becomes paramount. By combining MMI’s extensive ecosystem access with Fireblocks’ institutional-grade security and key management, institutional investors and builders can leverage the best of both worlds. 

The integration with Fireblocks is a significant milestone for MetaMask Institutional, expanding its suite of custodians and custody technology providers to a total of twelve. This breadth of options enables crypto funds, web3 builders, and organizations seeking exposure to digital assets to choose the most suitable custody solution based on their specific requirements.

The team has made it clear that the collaboration with Fireblocks further solidifies MetaMask Institutional’s commitment to bridging organizations into the web3 ecosystem by providing comprehensive access and meeting diverse institutional demands.

Fostering institutional web3 adoption 

As the crypto industry continues to evolve and mature, partnerships like the one between MetaMask Institutional and Fireblocks are essential in facilitating institutional participation and driving the adoption of decentralized technologies. 

This integration not only provides institutional investors and builders with a seamless and secure way to access the defi and web3 solutions, but also enhances portfolio management capabilities, enabling better monitoring, reporting, and analysis of digital assets.

The partnership between MetaMask Institutional and Fireblocks comes at a time when the crypto industry is experiencing rapid development and increasing institutional interest. 

As more organizations recognize the potential and long-term benefits of digital assets, the demand for secure and efficient management solutions will continue to grow. By combining MetaMask Institutional’s extensive ecosystem access with Fireblocks’ robust security infrastructure, institutional investors and web3 builders will take advantage of a robust solution that meets their stringent requirements.