As the DeFi space continues to grow, ConsenSys has now announced a new offering from the leading wallet provider MetaMask. It will enable cryptocurrency funds, professional traders, and custodians with institutional-grade controls and applications for decentralized finance.The blockchain technology solutions provider ConsenSys has announced today a new offering oriented toward the growing space of decentralized finance (DeFi).In a press release shared with CryptoPotato, the company reiterated the massive growth of the DeFi space over the past year.Data from DeFi Pulse shows that the total value locked in various protocols is now over billion, charting an increase upwards of 2,500% since the beginning of 2020.As such, custody providers seek increased exposure, as well as access to the
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As the DeFi space continues to grow, ConsenSys has now announced a new offering from the leading wallet provider MetaMask. It will enable cryptocurrency funds, professional traders, and custodians with institutional-grade controls and applications for decentralized finance.
- The blockchain technology solutions provider ConsenSys has announced today a new offering oriented toward the growing space of decentralized finance (DeFi).
- In a press release shared with CryptoPotato, the company reiterated the massive growth of the DeFi space over the past year.
- Data from DeFi Pulse shows that the total value locked in various protocols is now over $14 billion, charting an increase upwards of 2,500% since the beginning of 2020.
- As such, custody providers seek increased exposure, as well as access to the diverse opportunities that DeFi brings but the current process remains inefficient for professional trading firms.
- In an attempt to solve these pressure points ConsenSys will be offering crypto custodians and trading firms an institutional-grade version of the popular MetaMask wallet.
- As such, users will be able to borrow, lend, swap tokens, and invest in ETH applications with the increased operation, security, and reporting features that are necessary for institutions.
- The first partner of ConsenSys in this regard will be Curv – one of the leading platforms in digital asset securities, which will integrate MetaMask in its security infrastructure.
- Speaking on the matter was Patrick Berarducci, Global Fintech Co-Head at ConsenSys, who said:
“MetaMask is the premier non-custodial experience for interacting with DeFi applications. We are excited to partner alongside technology leaders like Curv to build institutional-grade operations and compliance that traders need in order to really start growing their participation in DeFi.”
- The 2020 DeFi boom surely affected MetaMask positively. As CryptoPotato reported earlier in October, the wallet topped upwards of 1 million monthly active users amid the growing hype around the industry.