MetaMask Institutional integrates with Fireblocks for crypto custody.

ConsenSys, a major software developer for the Ethereum blockchain, has announced that its MetaMask Institutional wallet will be integrated with Fireblocks, a custody provider that offers a range of tools for cryptocurrency payments. The integration is set to go live on June 12 and will allow institutional investors and builders who use Fireblocks to access the full suite of MetaMask Institutional (MMI).

According to a press release, more than 1,800 organizations are already using Fireblocks, and their accounts will be able to connect to MMI, where they can trade, borrow, or invest with over 17,000 decentralized applications (dapps) such as Aave, Lido, and GMX.

Johann Bornman, the global product lead at MetaMask Institutional, told CoinDesk that it became clear over the past two years that Fireblocks and MetaMask had many of the same users. “Last year, during Permissionless, we met with the Fireblocks team in person and started discussing the possibility of working together more formally. Those conversations resulted in our two groups meeting throughout last year to start putting together the details.”

The announcement comes a few weeks after ConsenSys revealed that it had created a marketplace for MMI, where companies can choose from various staking services, such as Allnodes, Blockdaemon, and Kiln.

“This integration brings together two high-profile products and further supports our goal of bridging every organization into web3,” Bornman said in the press release.

Read more: ConsenSys’ MetaMask Institutional Starts Staking Marketplace With Allnodes, Blockdaemon, Kiln