GK8, the leading self-managed digital asset storage platform integrated with MetaMask, provides institutional investors with access to decentralized finance (DeFi). These investors can access a variety of features and combine the benefits of the GK8 without the usual DeFi connection trade-offs.
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In addition to DeFi, GK8 will provide users with access to staking, non-fungible tokens (NFTs), and tokenization, according to a press release shared with Bitcoinist. The company’s users managed over $ 10 billion in digital assets.
Along with MetaMask Institutional, a popular crypto wallet version for crypto companies and large investors, the release claims that users can take advantage of a high level of management, security, compliance features, and operational efficiency. ..
GK8 clients will be able to access MetaMask from the MPC Vault. This is a unique product that allows users to automatically sing large transactions. MPC Vault provides institutions with access to DeFi via web browser extensions and is combined with cold wallet functionality.
The press release claims that the latter is the only solution that can create, sign, and broadcast transactions on the blockchain without using the internet. This expands the user’s capabilities in the digital economy while eliminating potential vector attacks from malicious attackers.
GK8 supports access to Ethereum virtual machine (EVM) compatible Layer 1 blockchains and selected Layer 2 smart contracts, with additional releases. In addition, users can insure access through a partnership with AON. Johann Bornman, Global Product Lead at MetaMask, said:
The GK8 and MMI solutions provide institutions with unmatched DeFi access with the security and versatility required by institution-grade customers. We are happy with this integration as we are working on building a Web3 that is more secure for everyone.
MetaMask expands beyond 10 million DeFi users
Over the past few months, MetaMask has taken the initiative to consolidate partnerships and provide new capabilities to users as they move to a decentralized governance model. Cryptocurrencies can reach 10 million users, implying the activation of their own tokens.
Onboarding financial institutions into the DeFi sector is another milestone that could take MetaMask to the next level. Working with GK8 seems to be the right step in that direction. Lior Lamesh, CEO and co-founder of GK8, said:
By moving to blockchain space, financial institutions can operate at a whole new level. However, this requires a safe and easy-to-use backbone that does not compromise functionality. With MetaMask Institutional, you get everything you need to explore DeFi at a business pace and with the highest security you can imagine, through something as simple as a browser extension.
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As of this writing, Ethereum (ETH) is trading at $ 3,000, with a 2% profit in the last 24 hours and a 10% loss in the last 7 days.