According to a June 6 announcement, Web3 wallet MetaMask will be integrated with Fireblocks' multi-party computation (MPC) platform, allowing Fireblocks users to access the wallet's portfolio dashboard. The integration will be part of the MetaMask Institutional offering for institution al investors. It will go live on June 12.
MetaMask Institutional is a wallet software that provides institutions with a variety of features, including the ability to stake and lend cryptocurrencies. It does not hold funds for institutions. Instead, it allows institutions to choose between multiple hosting technology pro viders. Fireblocks is the latest provider To join the list, white includes bitgo, gnosis saving, Parfin, hex trust, and more. Fireblocks uses multi-posty computation, A proces that divisions a user's pr Ivate Key Into Shards and Distributes The Shards Across A Decentralized Network. This Helps Prevent Any one node from accessing the full key, potentially making the wallet more secure. The company claims that more than 1,800 institutions use its services to secure their cryptocurrencies.
The new integration will give Fireblocks users access to MetaMask Institutional's portfolio management features and all-in-one dashboard, allowing them to swap native tokens and Ether, Stake directly from the dashboard. The dashboard also enables users to view performance and profit and loss data for specific tokens and decentralized finance protocols.
According to Johann Bornman, global head of product at MetaMask Institutional, the integration is in part a response to the growing demand from institutions to access the Web3 market: “As the need for organizations to access web3 grows exponentially, MetaMask Institutional is focused on providing the broadest access to the ecosystem. This integration brings together two important products that further support our goal of connecting every organization to web3 Target." Fireblocks was one of the first MPC wallet providers, along with ZenGo. It launched its payments engine in October, which is used by payment providers Checkout.com and Worldpay. In August, Fireblocks implemented token minting functionality through an integration with Tokeny.
