MetaMask pushes institutional offering with BitGo integration

MetaMask pushes institutional offering with BitGo integration

The rise of crypto custody continues as more institutional investors seek exposure to Bitcoin, Ether and decentralized finance. Decentralized finance (DeFi) wallet and browser extension MetaMask has partnered with three crypto-focused custodians as part of a broader effort to attract more institutional capital to the digital asset market. On Tuesday, the company announced new partnerships with BitGo, Qredo and Cactus Custody centered around MetaMask Institutional — a new product offering that gives institutional investors access to the large sums of collateral in the DeFi market.....


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BitGo assets hit $16 billion as institutional adoption grows

Digital assets under custody reached a new milestone this month, BitGo says. BitGo, whose investors include Galaxy Digital Ventures, Goldman Sachs and Valor Equity Partners, reported Wednesday that digital assets under custody have surpassed $16 billion for the first time, offering further validation that institutional demand has arrived. In an official press release, BitGo said institutional investors are seeking exposure to digital assets “for custody, trading and lending.” CEO Mike Belshe commented:“We’re seeing unprecedented interest from institutional investors as a result of the....