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MetaMask leverages the growing network of embedded finance startups to aggregate crypto exchange accounts for wallet users
For the first time, users can seamlessly aggregate and track their crypto assets on MetaMask wallet exchanges.
SAN FRANCISCO, April 16, 2024 /PRNewswire/ — Mesh, the modern integrated financial solution that makes digital asset transfers and account aggregation seamless, in collaboration with MetaMask, the world’s leading Web3 self-custody platform , announced a new integration for streamlined management. and monitoring of digital assets in the MetaMask wallet. The partnership is designed to provide MetaMask Portfolio users with real-time access to their aggregated assets and transaction histories across multiple accounts and crypto exchange platforms, facilitating a more comprehensive and informed user experience.
According to a 2023 survey conducted by Morning Consult for Consensys, among 1,500 crypto owners in the United States, 60% of respondents use more than one crypto wallet and those currently using a crypto wallet were 2.6 times more likely to use another crypto wallet for the next 12 years. months than those who are not currently using a crypto wallet. The partnership between Mesh and MetaMask reduces the friction of managing multiple wallets and accounts, improving the overall user experience and driving broader adoption.
Key features of the Mesh and MetaMask integration include:
- Complete account aggregation: Users will have real-time visibility into their assets and balances from various platforms directly within MetaMask Portfolio, enabling more informed asset management decisions.
- Detailed transaction history: Users have access to extensive transaction data, providing insight into portfolio performance and transaction history.
- Extended integration catalog: The integration connects users to a vast network of 300+ major brokerages, centralized exchanges, and custodial wallets through Mesh’s secure APIs.
- Reliable security practices: Security and user privacy are key pillars of this integration and MetaMask solutions more broadly. Neither MetaMask nor Mesh will ever have access to exchange login information and MetaMask wallet addresses are never shared with third parties.
Kai Huang, Senior Product Manager at MetaMask, highlighted the user benefits: “As we continually strive to improve the MetaMask experience, our collaboration with Mesh marks an important milestone. This integration introduces a major new feature that provides users with transparent visibility into their assets. from various platforms directly within the MetaMask wallet. This is a key step towards simplifying digital asset management for our users in an increasingly fragmented ecosystem and underlines our commitment to constantly evolving and adapting to meet the needs of our users in a increasingly fragmented environment. change the landscape of Web3.
The account aggregation feature will initially be available to MetaMask users through their wallet. The partnership between Mesh and MetaMask is expected to expand beyond account integration to eventually include transfers and deposits. This would allow MetaMask Portfolio users to transfer their digital assets from hundreds of exchanges and platforms with a single click using Mesh’s APIs.
“Integrating these API-based solutions solves one of the biggest problems for crypto users,” said Bam Azizi, founder and CEO of Mesh. “This collaboration is an important step toward creating a more unified and user-friendly digital asset environment, and comes at a critical time as the industry embarks on a wave of mass adoption. »
This announcement follows Mesh’s successful $22 million Series A funding round and PayPal Ventures’ $6.5 million strategic investment.
About mesh
Founded in 2020, Mesh aims to build an open, connected and secure financial ecosystem. As a modern financial operating system, Mesh enables deposits from exchanges and wallets, digital asset transfers, crypto payments, account aggregation and trading within a unified platform. With over 300 integrations, Mesh is pioneering the creation of an integrated financial ecosystem that benefits both businesses and users. For more information, visit https://www.meshconnect.com/.
About MetaMask
MetaMask is the world’s first self-care web3 platform developed by Consensys. MetaMask is the most loved and trusted way trusted by a global user base to create and collect NFTs, join DAOs, play games, and participate in DeFi protocols.
About Consensys
Consensys is the leader in blockchain and web3 software. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. With our range of products, including MetaMask Platform, Infura, Linea, Diligenceand our NFT platform, we have become the trusted collaborator of users, creators and developers on their journey towards building and belonging to the world they want to see. Whether building a dapp, an NFT collection, a wallet, or a better future, the building instinct is universal. Consensys inspires and champions everyone’s builder instinct by making Web3 universally easy to use and build on. To discover our products and solutions, visit https://consensys.io/.
CONTACT: [email protected]
SOURCE Mesh