How Metamask wants to win over businesses
Consensys, which develops the Metamask portfolio, is ramping up its institutional offering. Product Director Johann Bornman explains the American giant's strategy.
The Big Whale: What distinguishes the Metamask Institutional (MMI) wallet from the one everyone is familiar with?
Johann Bornman: It's very simple, it's a wallet that gives institutional players access to Web3. The structure was created two years ago with the aim of equipping businesses. This wallet provides a connection to decentralised finance, but it differs from the Metamask wallet used by individuals in that it has specific functionalities.
What are they?
The Metamask Institutional wallet offers the possibility of connecting to multiple digital asset custody solutions. This ranges from US law compliant solutions, through the ability to connect to MPC custody solutions and those that rely directly on blockchain.
Our goal is to enable organisations to access, control, monitor, manage and report on their digital assets.