Cactus Custody, a qualified institutional custodian solution powered by Matrixport, today announced that it is the first MetaMask Institutional (MMI) integrated custodian able to support MMI’s multi-chain capabilities and all EVM compatible chains.
This feature called “DeFi Connector” offered by Cactus Custody enables institutional clients seamless and secure connection with decentralized finance (DeFi) protocols via MMI.
The successful upgrade, enables multi-chain connectivity access across all Ethereum Virtual Machine (EVM) compatible chains, sidechains, and layer-2s, including but not limited to Ethereum, Binance Smart Chain, Polygon, Smart Bitcoin Cash, Avalanche, Fantom, Arbitrum, HECO, Harmony One and Celo, etc.
“Our offering concurrently delivers the highest level of security and usability to institutions seeking to tap into the vast opportunities within DeFi. We are fully committed to enabling multi-chain capabilities that provide even broader access to DeFi, whilst adhering to world-class standards of security and compliance.”
– Cynthia Wu, Head of Sales and Business Development, Matrixport
- Cactus Custody seeks to bring increased security, transparency, and efficiency to the crypto market. DeFi Connector offers audit trails to meet any regulatory requirements and allows for decentralized app (DApp) interactions and wallet transactions on MMI to be traceable in the custody system.
- DeFi Connector also implements enterprise-grade controls and role-based approval process during the interaction with DeFi, as well as secure smart contract addresses whose private keys are safeguarded in a Hardware Secure Module (HSM) by a qualified custodian.
“EVM chain support is one of the most important institutional needs. With our latest custodial account multichain feature, Cactus Custody not only supports multiple EVM chains but also allows institutions to freely bridge digital assets across these networks. This is a profound DeFi offering for institutions.”
– Johann Bornman, Product Lead for MMI