US EditionPaxos Acquires Fordefi to Build the Custody Infrastructure Layer to Power the On-Chain Economy
Paxos combines regulated custody with Fordefi’s secure MPC wallets, enabling institutions to handle $120 billion in monthly transactions and expand DeFi access.
- On Tuesday, Paxos announced it had acquired Fordefi for more than $100 million, marking the company's second acquisition in the past year.
- Digital asset adoption is accelerating, pushing enterprises toward integrated custody and DeFi tooling as Paxos combines its regulated custody with Fordefi's MPC wallet and DeFi integrations to support stablecoins and tokenization.
- Fordefi, founded in 2021, built a sizable institutional client base with about 40 employees, around 300 clients and more than $120 billion in monthly transaction volume.
- Fordefi will continue operating independently for now, and customers can continue using Fordefi's product as usual while Paxos gradually integrates its technology.
- With Coinbase and others adding DeFi features, Paxos' purchase signals institutional momentum as large corporations have begun to dip their toes into DeFi over the past year.
16 Articles
16 Articles
Paxos Acquires Fordefi to Enhance Institutional Crypto Custody Infrastructure
Paxos strengthens its blockchain infrastructure by acquiring Fordefi, a multi-party computation (MPC) wallet technology provider trusted by nearly 300 global institutions. Paxos has announced the acquisition of Fordefi, a New York and Tel Aviv-based institutional-grade custody and wallet technology company. The strategic move combines Paxos’ regulated blockchain infrastructure expertise with Fordefi’s advanced multi-party computation wallet […]
Paxos Acquires Fordefi as DeFi Integrations Accelerate Across Industry - Invest In Crypto News
Blockchain infrastructure company Paxos has acquired Fordefi, a New York-based institutional crypto wallet and custody technology startup. Paxos said the deal brings its regulated custody infrastructure together with Fordefi’s multi-party computation (MPC) wallet technology and decentralized finance integrations, providing institutions with a single platform to issue stablecoins, tokenize assets, and manage onchain transactions. While transactio…
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