Published: 13.04.2022
Article reading time:
1 min.
MetaMask, which operates a decentralized finance (DeFi) wallet and browser extension, has partnered with several major cryptocurrency holders.
MataMask integrates Parfin, Gnosis Safe, Hex Trust and GK8 to expand the offering for customers. The new integration will provide Decentralized Autonomous Organizations (DAOs) with key management tools to participate in DeFi through the institutional version of the MetaMask Institutional (MMI) wallet.
MMI is going to give organizations access to DeFi and Web3. The partnership will allow funds, exchanges, DAOs and MMI-selected traditional financial institutions to operate in a well-managed, risk-managed environment, the company said. The difference between a browser wallet and an MMI is how assets are managed. In MMI, managed assets are custodial.
The company posted strong growth last year by accelerating Web3 adoption around the world, tripling the number of monthly users. And in March, wallet parent company SonsenSys closed a $450 million funding round.
MetaMask previously announced that it would add support for Apple Pay. Wallet users will be able to buy cryptocurrencies and tokens using this payment system. They can spend no more than $400 per day.
Source: Bits
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