Metamask’s new institutional grade wallet to bring institutional investors into the DEFI space by mintymile

hive-175254 · @mintymile · Jan 22 '21

$3.68

Metamask’s new institutional grade wallet to bring institutional investors into the DEFI space

![Screenshot 20210122 at 4.15.11 PM.png](https://files.peakd.com/file/peakd-hive/mintymile/7zieRWj7-Screenshot202021-01-2220at204.15.1120PM.png)
[Image Source](https://decrypt.co/50975/ethereum-wallet-metamask-goes-after-institutional-defi-market)

## Development of an institutional grade MetaMask wallet to encourage institutional investors into the DEFI space


![Screenshot 20210122 at 4.39.04 PM.png](https://files.peakd.com/file/peakd-hive/mintymile/B1PN1TRK-Screenshot202021-01-2220at204.39.0420PM.png)
[Image Source](https://medium.com/metamask/breaking-changes-to-the-metamask-inpage-provider-b4dde069dd0a)

There is no doubt a DEFI craze set in last year, but yet the DEFI space has not yet matured enough for [institutional investors to feel comfortable entering the Decentralised Finance space](https://decrypt.co/50975/ethereum-wallet-metamask-goes-after-institutional-defi-market). This might change soon with the Ethereum software company ConsenSys developing a institutional grade Metamask wallet designed to cater to the requirements of institutional investors to participate in the DEFI ecosystem.



## A quality Institutional grade wallet that institutional investors would feel secure to use

[This institutional grade MetaMask wallet will incorporate necessary accounting features for tax reporting and compliance](https://cointelegraph.com/news/metamask-wants-institutions-to-wade-into-defi-with-new-enterprise-version), which will ensure that institutions feel secure to participate in the DEFI space where they can legally without hassles borrow, lend, swap and stake tokens. 

The target users of the wallet are “trading firms and crypto custodians.” These institutions have concerns on the security of DEFI wallets and platforms with recent instances of hack attacks on DEFI protocals - Harvest Finance, Value DeFi, and Pickle Finance. MetaMask’s institutional grade wallet aims to be a quality product with robust security and operational effectiveness, equipped to be utilised as a professional DeFi trading desk. 




## Curv is the first user of MetaMask’s institutional grade wallet 


![Screenshot 20210122 at 4.46.09 PM.png](https://files.peakd.com/file/peakd-hive/mintymile/cBFrEBgd-Screenshot202021-01-2220at204.46.0920PM.png)
[Image Source](https://consensys.net/press-releases/)

MetaMask’s institutional grade wallet has got its first user with Digital asset custody firm Curv  going to test the product. Curv would build a new DEFI wallet by incorporating MetaMask’s institutional grade wallet into it which will be used by its clients, one of whom is eToro, known as the “world’s leading social investment platform”.



## ConsenSys has begun reaching out to institutions promoting MetaMask’s institutional grade wallet

ConsenSys would launch the Early Adopter program, to connect with crypto custodians and trading firms, where they can check the product early on and  assist with the development of the product’s features through their valuable inputs. 

ConsenSys has connections with many corporate institutions, which the company would reach out to and promote the new MetaMask wallet for its adoption that will bring institutional investors into the DEFI space.

## DEFI Growth prospects looking more bullish than ever if institutional investors enter the space


![Screenshot 20210122 at 4.51.16 PM.png](https://files.peakd.com/file/peakd-hive/mintymile/Ipw4t3fJ-Screenshot202021-01-2220at204.51.1620PM.png)
[Image Source](https://defipulse.com/)

DEFI usage has already grown exponentially without much  participation of the  institutional investors in the space with the Total Value Locked(TVL) now at 22.19$ billion which is double of the TVL  Oct 27, 2020 (10.55 billion), 3 months ago.  One can now picture how much more the DEFI space would grow when institutional investors pour in!!

👍 therising, project.hope, crypto.piotr, eric818, reflektor, majes.tytyty, hingsten, gunthertopp, bippe, xpilar, ph-support, supersoju, mmmmkkkk311, ctime, josevas217, tysler, bigpower, smjn, vegemitekid, kryptogames, sbi7, jerrybanfield, cyrusemerson, vallesleoruther, chesatochi, vlemon, ph-fund, discovereurovelo, hopehuggs, gandhibaba, shaunmza, deathcross, talentclub, kcherukuri, drax, sp-group, shortsegments, iansart, lastminuteman, gtpjfoodbank, mowemu, cektop, openmindedtravel, jack.russelle, talktofaith, emiliomoron, yehey, danishmmir, olivera-despina, samminator, mikitaly, akdx, dreimaldad, demondantv, upme, fucho80, awah, tolustx, syedumair, spoke, udow, gbenga, maxuvd, machnbirdsparo, and 174 others
👎 trimcor, vladtsaval

properties (23)vote details (240)

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adncabrera	533,388,750	12.5%
benie111	2,427,854,502	25%
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culgin	458,577,252	100%
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bdmillergallery	660,938,634	25%
kolkamkwan	196,647,773	1.25%
tysler	138,083,056,888	23.75%
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mintymile	5,559,864,926	100%
reflektor	533,411,887,590	6.25%
bippe	326,993,146,792	6.25%
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bambuka	2,731,219,959	12.5%
ctime	193,681,936,521	100%
hingsten	383,951,065,196	6.25%
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schachoberhessen	2,452,097,509	100%
kryptogames	92,730,551,581	25%
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unyime	108,530,714	2.5%
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ph-support	292,381,620,530	32%
okoyejoshua	419,476,074	3.75%
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yhitsgregg	158,526,990	25%
johnion	941,477,432	2.5%
deathtox	729,602,167	25%
swapapp	88,633,991	25%
dabeerahmed	1,553,418,862	12.5%
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kingcent	3,264,754,051	12.5%
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monjuapollonia	3,930,573,573	25%
kinkyamiee	4,360,998,187	25%
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