Cactus Custody, a qualified institutional custodian solution powered by Matrixport, today announced that it is the world’s 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 decentralised finance (DeFi) protocols via MMI.
The successful upgrade now 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.
Cynthia Wu, Head of Sales and Business Development, Matrixport said: “We are excited to be at the forefront of innovation in serving the interest of our institutional clients. 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.”
Johann Bornman, Product Lead for MMI added: “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.”
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 (DApps) 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.
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 billion in assets under custody for clients including miners, funds, projects and corporations.