MatterFi has officially launched its enterprise-ready platform, offering a “phishing-proof” fintech infrastructure to the marketplace.

The solution is set to go live after a six-month beta testing phase, as stated in MatterFi’s Dec. 3 press release disseminated to crypto.news.

Per the announcement, the objective is to facilitate secure digital finance for both individuals and artificial intelligence. A crucial component of this infrastructure is an AI-powered agent that utilizes the “send-to-name” feature, allowing users to avoid complicated wallet addresses for transactions.

By integrating with software wallets, hardware wallets, and AI agents while utilizing chain-agnostic financial rails, users benefit from multiple layers of security when conducting transactions. MatterFi’s platform is designed to protect users against risks such as hacking, phishing, and SIM swapping, among other security threats.

With end-to-end cryptographic proofs eliminating the requirement for user passwords and login credentials, both humans and AI agents can securely transact with various parties. Its functionality resembles that of widely-used global finance applications like Revolut and PayPal.

“Enterprise adoption of newer DeFi technologies is not where it should be due to perceived risks and vulnerabilities associated with these innovations. Additionally, the complexity of these technologies and the dependence on complicated addresses has hindered adoption,” stated MatterFi founder Michael “Mehow” Pospieszalski.

Importantly, MatterFi asserts that all transactions remain private, which is crucial in the crypto market, especially considering data indicating a 150% increase in web3 phishing attacks in 2024. In October, blockchain security platform Certik reported that phishing schemes and private key breaches had led to a loss of $668 million for users within the ecosystem in Q3 2024. Furthermore, data reveals that 80% of individuals who experience phishing attacks end up losing money.

In May 2024, MatterFi and neobank EQIFi announced a partnership aimed at enhancing crypto security.

The collaboration focused on utilizing MatterFi’s technology to tackle the growing challenges associated with crypto theft, fraud, and money laundering. EQIFi and MatterFi disclosed that their partnership would leverage the “send-to-name” functionality through a peer-to-peer platform to deliver these advantages to users.