Hex Trust, an institutional-grade digital asset custodian, has integrated MetaMask Institutional (MMI) into its platform to provide users with direct access to over 17,000 decentralized finance (DeFi) applications. This integration aims to simplify DeFi portfolio management for clients while ensuring compliance with regulatory standards.
MMI offers various advanced features, including comprehensive portfolio management, robust transaction reporting capabilities, and meticulous monitoring of digital assets. It also includes an institutional staking marketplace and supports efficient account bundling.
Institutional interest in DeFi has grown significantly over the past year. However, concerns about security and regulatory compliance have hindered broader institutional participation. Hex Trust’s integration of MMI addresses these concerns by offering top-tier security measures, streamlined DeFi accessibility, and unwavering regulatory compliance.
The integration introduces a transaction authorization feature that allows users to set precise rules for transaction approvals. This functionality enables users to restrict access to decentralized applications (dApps), optimize DeFi trade flows, and establish specific transaction rules for designated individuals.
Hex Trust’s Head of Custody, Giorgia Pellizzari, expressed excitement about the integration, stating that it provides compliant access to thousands of DeFi applications through a user-friendly interface with bank-grade security.
This collaboration marks another milestone for Hex Trust, which has had a successful year. The company partnered with Celestia to offer secure custody services and staking solutions and obtained a Virtual Asset Service Provider (VASP) license from Dubai regulators. Additionally, it participated in Hong Kong’s e-HKD CBDC’s pilot program.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | ðŸ‡ðŸ‡° |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Giorgia Pellizzari |
| Companies | MetaMask Institutional, Celestia, Hong Kong’s e-HKD CBDC, Hex Trust, Dubai regulators |
| Currencies | Ethereum |
| Securities | None |
