According to the company’s announcement, MetaMask Institutional (MMI) will enable crypto funds to swap tokens, borrow, lend, invest, and interact with DeFi protocols through the MetaMask interface.
And while the service officially launched on 7 April, ConsenSys has been collaborating with a select group of partners, custodians, and professional trading firms since December last year. The participants of the program were able to shape product features, influence the development of the roadmap, and gain early access to the MMI integration for their own clients. MetaMask said in the blog post:
“These institutional features will enable cryptocurrency funds, family offices, and financial institutions to gain access and exposure to the diverse decentralized finance opportunities that compose Web3.”
Back in December 2020 MetaMask integrated with Curv, a digital asset custody company, to provide custodial solutions to the service. Since the integration, the MetaMask team has been focused on introducing features that solve institutional investor needs across their entire transaction-flow process, the company said. This includes executing pre-trade compliance with transaction rules set on Curv, as well as using the custodian to sign and approve trades.