- Fireblocks users will have access to the wallet panel
- The project will be launched on June 12
Cryptocurrency wallet Metamask announced integration with the Fireblocks Multilateral Computing Platform (MPC). Users will have access to MetaMask Institutional, which allows token exchange and ETH stealing using the app’s dashboard.
MetaMask Institutional is a wallet software specifically designed to meet the needs of institutional investors. It provides a variety of functions, including cryptocurrency stacking and lending capabilities.
Worth noting that the company does not provide asset storage for institutions. Instead, it provides the ability to choose between different storage technology providers. Fireblocks is the newest, the list also includes BitGo, Gnosis Safe, Parfin, Hex Trust and others.
Fireblocks uses multilateral computing technology that divides a user’s private key into fragments and distributes them across a decentralized network. This process aims 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 1,800 institutions are using Fireblocks services to protect their cryptocurrency assets.
This new integration will give Fireblocks users access to MetaMask Institutional portfolio management capabilities and a universal dashboard, allowing them to exchange tokens and stack ETH directly from their dashboard. It also allows users to view performance, profit, and loss data for specific tokens and DeFi-protocols.