- Fireblocks users will have access to the wallet panel
- The project will be launched on June 12
Cryptocurrency wallet Metamask announced on integration with the Fireblocks Multilateral Computing (MPC) platform. Users will have access to MetaMask Institutional, which allows token swaps and ETH stakes using the app’s dashboard.
MetaMask Institutional is a wallet software specially designed to meet the needs of institutional investors. It provides a variety of features, including the ability to stake and lend cryptocurrencies.
It is worth noting that the company does not provide storage of assets for institutions. Instead, it provides the ability to choose between different storage technology vendors. Fireblocks is the newest, this list also includes BitGo, Gnosis Safe, Parfin, Hex Trust and more.
Fireblocks uses a multi-party computing technology that splits a user’s private key into fragments and distributes them over a decentralized network. This process is intended to avoid the possibility of access to the full key by one party, which provides a higher level of security for the wallet. Already more than 1800 institutions use Fireblocks services to protect their cryptocurrency assets.
Thus, thanks to the new integration, Fireblocks users will have access to MetaMask Institutional’s portfolio management capabilities and a universal dashboard, which will allow them to exchange tokens and stake ETH right from the dashboard. Through it, users will also be able to view performance data, profits and losses for specific tokens and DeFi protocols.