Cactus Custody, an institutional custodian solution powered by Matrixport, today announced it is a MetaMask Institutional (MMI)-integrated custodian able to support MMI’s multi-chain capabilities and all Ethereum Virtual Machine-compatible chains. This feature, called DeFi Connector, and offered by Cactus Custody, allows institutional clients to connect with decentralized finance protocols via MMI.
The successful upgrade now enables multi-chain connectivity access across all Ethereum Virtual Machine-compatible chains, sidechains and Layer 2s, including Ethereum, Binance Smart Chain, Polygon, Smart Bitcoin Cash, Avalanche, Fantom, Arbitrum, HECO, Harmony One and Celo.
“We are excited to be at the forefront of innovation in serving the interest of our institutional clients,” Cynthia Wu, head of sales and business development for Matrixport, said. “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 towards enabling multi-chain capabilities that provide even broader access to DeFi, whilst adhering to world-class standards of security and compliance.”
“Ethereum Virtual Machine chain support is one of the most important institutional needs,” Johann Bornman, MMI product lead, added. “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.”
Cactus Custody aims to bring increased security, transparency, and efficiency to the market. DeFi Connector offers audit trails that align with regulatory compliance requirements, and allows all decentralized application 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 by a qualified custodian.
Matrixport is an Asian crypto financial services platform with more than $10 billion in assets under custody for clients including miners, funds, projects and corporations.