The institutional-focused subsidiary of Consensys-owned MetaMask has reportedly completed the integration of its first multichain crypto asset custody feature, dubbed “Cactus Custody”. 

Specifically, MetaMask Institutional (MMI) previously forged an alliance with Cactus Custody – owned by crypto financial service platform Matrixport – in October 2021, in a bid to finalize the incorporation of its “DeFi Connector” functionality into MMI’s suite of services.

Details regarding the complete MMI integration were reportedly disclosed on January 26th, and Cactus Custody’s solution will reportedly start offering institutional customers multichain connectivity to all Ethereum Virtual Machine (EVM) chains, sidechains and layer 2s, to which MetaMask provides facilitating features, nominally Ethereum, Binance Smart Chain, Avalanche, Celo and Polygon.

MMI product lead Johann Bornman further revealed that Cactus Custody’s multi chain EVM support will reportedly make it possible for institutions to “freely bridge digital assets across these networks.”

“This is a profound DeFi offering for institutions.”

The DeFi Connector feature will additionally offer enhanced security and compliance details, nominally audit trails for transactions carried out on MMI, private key safeguarding and “role-based approval” processes when interacting with DeFi platforms.

MMI was reportedly built two years ago (2020), with its wallet bearing differences compared to MetaMask, since it comes with integrations for extra security, compliance and custodial functionalities, which prove essential for the increasing number of institutions transitioning to DeFi. 

The feature reportedly has a primary goal of offering institutional investors exposure to the whole DeFi ecosystem from within their MMI wallets.

Different existing custodial partners of the entity include many high-profile crypto companies, nominally decentralized custody entity Qredo, as well as multisignature wallet provider BitGo.