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.
19 Articles
19 Articles
Paxos acquires crypto wallet startup Fordefi for $100M+
Paxos Trust Company LLC has acquired Fordefi Inc., a startup with a crypto wallet platform used by more than 200 institutional investors. Fortune reported on Tuesday that the deal is worth more than $100 million. That’s a premium over the $83 million valuation Fordefi is believed to have received following its most recent funding round last […] The post Paxos acquires crypto wallet startup Fordefi for $100M+ appeared first on SiliconANGLE.
Paxos acquires wallet provider Fordefi for over $100M – #CryptoUpdatesGNIT
Key Takeaways Paxos acquired Fordefi, a wallet provider, for over $100 million. The acquisition enhances Paxos’ regulated custody solutions with Fordefi’s wallet technology and API-driven DeFi connectivity. Share this article Paxos, a regulated blockchain infrastructure provider and stablecoin issuer, has acquired Fordefi, an institutional MPC wallet provider, for over $100 million. The move is part of Paxos’ effort to expand its custody and wa…
Paxos Strengthens Digital Asset Strategy With Fordefi Acquisition
Paxos has moved to deepen its role in the on-chain financial landscape by acquiring Fordefi, a company known for its institutional-grade custody and wallet technology. The regulated blockchain infrastructure provider plans to merge its compliance-focused framework with Fordefi’s multi-party computation wallet architecture, a combination expected to significantly enhance the security and scalability of its offerings. The move is being positioned …
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