Matrixport Brings Institutional Crypto Custody to MetaMask Wallet

Matrixport and MetaMask are hoping to onboard the next wave of DeFi institutional investors with a new custodial feature built on multi-chain technology

article-image

Source: Shutterstock

share
  • Matrixport is leaning into institutional products with the launch of the “DeFi Connector” feature
  • Cactus Custody, Matrixport’s institutional custodian service, is integrating with MetaMask Institutional

The institutional arm of decentralized finance wallet MetaMask now has its first built-in custodial solution that supports multi-chain compatibility.

Crypto financial services company Matrixport’s institutional custodian, Cactus Custody, supports a slew of Ethereum-based chains via its “Decentralized Finance Connector.” 

Clients of MetaMask Institutional (MMI) can now access the same multi-chain connectivity across all Ethereum Virtual Machine (EVM) chains that MetaMask provides retail traders. Compatible chains include Ethereum, Binance Smart Chain, Polygon and Avalanche. 

The offering delivers “the highest level of security and usability” to institutional investors “seeking to tap into the vast opportunities within DeFi,” according to Cynthia Wu, head of sales and business development at Matrixport.

“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,” Wu said in a statement. 

MMI, MetaMask’s institutional-grade service, offers additional security and compliance services institutional clients require, MetaMask said

“EVM chain support is one of the most important institutional needs,” said Johann Bornman, product lead for MMI, in a statement. “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.”

According to DeFi research platform VALK, 43% of institutional investors engaging with DeFi currently use a custodian service. Institutional infrastructure for DeFi is lagging, researchers said. 

“Investors questioned in the UK, US, France, Germany, Hong Kong, Singapore, Australia, and Brazil would welcome the launch of an institutional aggregator for DeFi as long as it met regulatory and security requirements,” VALK said. “Around a fifth (22%) would be very likely to use it while 72% say they would be quite likely to use it.” 

Due to varying regulatory requirements, Matrixport is currently unavailable in over 40 countries, including the United States and Canada. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

Bain Capital Crypto and Haun Ventures co-led the round as demand grows for Bitcoin-denominated savings and annuities

by Blockworks /
article-image

NYSE owner’s investment values the prediction market at $8–9 billion, signaling Wall Street’s entry into event-based trading

by Blockworks /
article-image

Pineapple begins deploying its $100 million Injective Digital Asset Treasury, staking INJ to earn yield and fund onchain mortgage ambitions

by Blockworks /
article-image

Staking levels in the ether funds will depend on protocol unstaking queue times and anticipated redemption activity, firm says

article-image

ETF inflows, miner strength, and tightening supply drive Bitcoin past its prior peak amid renewed demand for scarce assets

by Blockworks /
article-image

The Guidestar team, led by Alex Nezlobin, will join Uniswap Labs to enhance automated market maker design and smart order routing

by Blockworks /