MetaMask Institutional
Elizabeth Mathew (Head of Growth)
Summary
MetaMask Institutional is an institution-compliant extension of the world’s most trusted DeFi wallet, MetaMask. It provides unrivaled access to DeFi without compromising on institution-required security, operational efficiency, or compliance requirements.
With MetaMask Institutional, institutional investors see the following benefits:
- Unrivaled Dapp access: All Dapps in the Defi ecosystem build to integrate with MetaMask. This ensures native integration with DeFi protocols and enables institutional investors to keep pace with DeFi innovation.
- Safe, secure, and efficient investment processes: Trade-flow processes currently require multiple transactions, sign-offs, and gas costs. No more. We integrated with custodian, Curv, to solve operational, risk, and trade flow needs.
- Enterprise-grade security and compliance: Simplify capital deployment into DeFi applications with multi-signature support, built-in compliance mechanisms, and direct integration with the leading custody providers
MetaMask serves over 30M monthly active users and is connected to almost every DeFi dapp. Trade, invest, stake, lend, borrow, provide liquidity, and bridge assets across EVM chains.
MMI is an integration of Ethereum-based Web 3.0 company Consensys and MetaMask, the popular Ethereum wallet and dApp browser. This integration allows users to access the MetaMask wallet, the only multi-custodial institutional Web 3.0 wallet, without ever leaving the Consensys platform, allowing them to securely store and manage their funds and dApp interactions.
History
In December 2020, ConsenSys Codefi and MetaMask announced an institutional offering. This offering involved an expansion of MetaMask services to include enterprise-grade security and operational features—built into the world’s most trusted Ethereum wallet. These institutional features would enable cryptocurrency funds, family offices, and financial institutions to gain access and exposure to the diverse decentralised finance opportunities that compose Web3.0.
Since MMI's integration with the custodian, Curv, in December 2020, the team was focused on integrating features to solve institutional investor needs across their entire transaction-flow process—based on feedback and learnings from its Early Adopter Program. This program enabled the MMI team to collaborate with partners, custodians, and professional trading firms to shape product features and roadmap. Participants were granted early access to integration, beta platform testing, and were able to offer DeFi investment opportunities to their own clients in advance.
In April of 2021, MetaMask Institutional (MMI), a product that gives institutional investors access to the over US$43 billion collateral in the DeFi ecosystem, was launched successfully. MMI would enable funds to swap tokens, borrow, lend, invest, and interact with DeFi protocols and applications using the familiar MetaMask interface.
In 2021, the Decentralized Finance—or DeFi—ecosystem grew by over 20x. It had attracted millions of users and many of the world’s leading organizations with yields that far outweigh those in traditional finance. For investors with heightened institutional-grade requirements however, allocating capital to DeFi is often difficult.
Mission
MetaMask is a global community of developers and designers dedicated to making the world a better place with blockchain technology. Its mission is to democratise access to the decentralised web, and through this mission, to transform the internet and world economy to one that empowers individuals through interactions based on consent, privacy, and free association.
MetaMask Institution makes decentralised applications more accessible and secure for individuals, businesses, and institutions. It seeks to provide a secure and easy-to-use interface for users to access and interact with the blockchain. This enables users to access, store, and transact digital assets securely with a decentralised infrastructure.
MetaMask supports the development of the decentralised web, which can provide users with more control over their digital assets, data, and identity.
Vision
Metamask’s vision statement is to “empower a new financial system, built on open protocols and open source software, that enables people everywhere to control their own digital identities, assets, and data.”
Metamask's goal is to make financial services more accessible and transparent, allowing people to have secure access to their digital assets and identities, while also enabling a convenient interaction with the financial system.
Metamask envisions to create a financial system that is open, transparent, and accessible to everyone, and that provides people with the power to control their own digital identities and assets.
Key Team
Elizabeth Mathew (Head of Growth)
Recognition and Awards
Products and Services
MetaMask Institutional offers a suite of products and services designed to help businesses and organizations navigate the rapidly expanding blockchain ecosystem. These include:
1. Blockchain Infrastructure: MetaMask Institutional provides secure and reliable infrastructure solutions for businesses looking to utilize blockchain technology, such as blockchain nodes, cloud-hosted nodes, and private networks.
2. Developer Tools and Services: MetaMask Institutional provides tools and services to help businesses build, deploy, and scale their blockchain applications, such as web3 libraries, APIs, and SDKs.
3. Compliance Solutions: MetaMask Institutional helps businesses comply with regulatory requirements through its suite of compliance solutions, such as identity verification, transaction monitoring, and data privacy.
4. Security Solutions: MetaMask Institutional offers a range of security solutions, such as secure wallet storage, secure code signing, and secure smart contract deployment.
5. Advisory Services: MetaMask Institutional provides expert guidance to help businesses understand the blockchain landscape, select the right technology solutions, and develop successful strategies for leveraging blockchain technology.
References
https://consensys.net/blog/metamask/metamask-institutional/introducing-metamask-institutional/
https://mmi-support.zendesk.com/hc/en-us/articles/8207757173659-What-is-MetaMask-Institutional-
https://www.tradingview.com/news/cointelegraph:74f928868094b:0/
https://finance.yahoo.com/news/metamask-institutional-onboards-four-institutional-140300357.html
https://pandaily.com/metamask-institutional-onboards-third-round-of-custodians/
https://blog.lmnl.app/liminal-x-metamask-institutional-83384707f92f
https://www.forbes.com/connect/event/2022-institutionaldefi/
Elizabeth Mathew (Head of Growth)