Cactus Custody, a qualified institutional custody solution powered by Matrixport, announced that it is the world’s first integrated Institutional MetaMask (MMI) custodian capable of supporting multi-chain capabilities. of MMI and all chains supported by Ethereum Virtual Machine (EVM). This feature called “DeFi Connector” offered by Cactus Custody allows institutional clients a seamless and secure connection to decentralized finance (DeFi) protocols via MMI.
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The successful upgrade now enables access to multi-chain connectivity across all Ethereum Virtual Machine (EVM) supported 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.
Cynthia Wu , Director of Sales and Business Development for Matrixport, said : “We are excited to be at the forefront of innovation serving the interests of our institutional clients. Our offering simultaneously offers the highest level of security and ease of use. use for institutions looking to take advantage of the vast opportunities within DeFi. We are fully committed to enabling multi-chain capabilities that provide even broader access to DeFi, while adhering to world-class security and compliance standards.”
Johann Bornman , MMI Product Lead added: “EVM chain support is one of the most important institutional needs. With our latest custody account multi-chain feature, Cactus Custody not only supports multiple EVM chains, but also enables institutions freely pool digital assets across these networks. This is a deep DeFi offering for institutions.”
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Cactus Custody aims to bring greater security, transparency and efficiency to the market. The DeFi Connector offers audit trails that align with regulatory compliance requirements and allows all Decentralized Applications (DApps) interactions and wallet transactions in MMI to be traceable in the custody system. The DeFi Connector also implements enterprise-grade controls and a role-based approval process during interaction with DeFi, as well as secure smart contract addresses whose private keys are protected in a secure hardware module by a qualified custodian.
Cactus Custody is the third-party institutional custody service provided by Matrixport, one of the fastest growing crypto financial services platforms in Asia , with over USD10 trillion in assets under custody for clients including miners, funds, projects and corporations.
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