“We're seeing corporations who want to participate on-chain in some way,” Coinbase’s Kevin Johnson told CoinDesk TV. “But they need a safe way to do that.”
Tuesday of a Web3 wallet designed to help institutions get into NFTs and other corners of decentralized finance, or DeFi.
“More and more, we're seeing corporations who want to participate on-chain in some way, whether that's by doing an NFT drop, or, in some cases, even voting in DAOs,” Kevin Johnson, vice president of institutional sales and trading at Coinbase,The wallet enables clients to securely store tokens from supported networks, gain instant access to funds that they self-custody and interact directly with dapps and smart contracts, according to the announcement.
“They're very concerned about not only the safety and security of their assets, but ensuring that they have the proper controls over who can access and who can make decisions with those assets,” he added. “So, we've seen that demand from clients and we knew that this was critical in order to bring them on-chain, and now they have that product.”
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