MetaMask Catering to Institutional Investing

As institutional investors are beginning to flood into crypto, specifically the nonfungible token scene, major players are starting to tune their businesses to their interests. In response to the adoption, MetaMask Institutional a new feature for its custodial services offerings for institutional clients.

MetaMask has partnered with NFT management and storage services Cobo to create a “one-stop platform” for large corporations dealing with digital assets.

MetaMask is a non-custodial wallet for most users; the institutional branch of the wallet is only available in select countries, as it began to adopt certain partnerships in various countries around the world.

Director of marketing and business development at Cobo, Tavia Wong, said that custodianship not only provides asset protection but specifically for institutions, custodianship becomes pivotal on the administrative level.

In the past, MetaMask has been called unfriendly to its users; this addition to custodial offerings prioritizes usability for big investors.

This new feature enables institutional clients to delegate roles throughout the company and internal collaboration tools. According to Wong, these features allow users to limit buying, trading, and selling as permitted by the administrator.

“With multisig access ensures that no single entity will be able to control all assets, removing any single point of failure."

This recent announcement continues the debate on noncustodial versus custodial wallets. A statement you often hear in the industry is “not your keys; not your coins,” as noncustodial wallets are often looked to for more security and financial autonomy.

Though as more of the public begins to enter the space, with little to no knowledge of how these platforms work, custodial wallets are often steered towards due to their user-friendly nature.

MetaMask's move into institutional clients follows the narrative that retail investors have been stagnant in the space as they wait for a reversal in trends in the market.