Share this article
MetaMask’s Institutional Arm Makes Push for DAOs With New Custody Deals
The ConsenSys-owned wallet provider says it want to bring “all organizations on planet earth into Web 3.”
By Helene Braun
Updated May 11, 2023, 5:43 p.m. Published Apr 13, 2022, 12:05 p.m.
PARIS – MetaMask Institutional, a version of the leading decentralized finance (DeFi) wallet, has integrated new custodians to its platform in a bid to reach further into the world of decentralized autonomous organizations (DAOs).
MetaMask Institutional announced on Wednesday that it has formed partnerships with Gnosis Safe, Hex Trust, GK8 and Parfin to accommodate the crypto custody requirements of DAOs, crypto-native organizations that seek to distribute decision-making among a group of token holders.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
With more than 30 million monthly active users, MetaMask is now pushing to become the primary Web 3 gateway for organizations worldwide.
Read more: $450M Raise Values Ethereum Builder ConsenSys at $7B as MetaMask Tops 30M Users
“We are thrilled by our latest custodian announcement as it allows further bolstering and expansion of Web 3 into a variety of different and important regions,” said Harriet Browning, a business development lead for MetaMask Institutional.
“Coupled with the different licensed custodians, custody tech and non-custodial key management solutions means we continue to push towards our vision of bridging all organizations on planet earth into Web 3,” she said.
Enterprise MetaMask
The institutional arm of the ConsenSys-owned wallet was launched in December 2020 by ConsenSys to help crypto funds, market-makers and trading desks get exposure to Ethereum-based applications.
It is different from the traditional MetaMask wallet in that it has a built-in tech stack that connects large organizations with their required custodians. The DeFi ecosystem grew by over 20 times in 2021, according to MetaMask’s website.
With those new integrations, MetaMask Institutional has seven custodians tailored to DAOs in different jurisdictions. In October 2021, the wallet added BitGo, Qredo and Cactus Custody to help firms with compliance requirements.
MetaMask has seen tremendous growth through the acceleration of Web 3 adoption globally, tripling its million monthly user count in the last year. In March, ConsenSys closed a $450 million funding round, with MetaMask and Infura being widely seen as the Ethereum venture studio’s crown jewels.
Read more: MetaMask Adds Custodians BitGo, Qredo, Cactus in Push for Institutional DeFi Users
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
