MetaMask Gets Left Behind? Consensys Launches New Institutional Settlement Network

MetaMask is facing fresh questions about its future after Consensys launched a new institutional settlement network targeting banks, asset managers and financial market infrastructure providers. The announcement puts Consensys’ institutional ambitions in the spotlight just weeks before its planned separation from MetaMask. The move could also leave the popular wallet competing independently while its former parent pursues Wall Street. Consensys unveiled Sovereign Network Interoperability at Devcon, introducing infrastructure designed to coordinate transactions across independently operated financial networks. Can MetaMask maintain its position as institutional blockchain adoption accelerates? Consensys Turns Toward Wall Street The new Sovereign Network Interoperability platform aims to help institutions settle securities, exchange currencies, and move collateral across separate blockchain networks. Its bridgeless design keeps assets on their original ledgers while coordinating transactions between approved counterparties.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptonews.