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.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /