Fireblocks buys crypto authentication startup Dynamic, completing its offerings from ‘custody to consumer’
Fireblocks acquired Dynamic, a crypto authentication startup, to integrate its consumer-facing wallet infrastructure into its platform.Summary
Major crypto infrastructure firm Fireblocks has acquired Dynamic, an a16z-backed wallet platform that simplifies user onboarding, authentication, and asset bridging for Web3 applications. Dynamic's tools, described as "Auth0 for web3," have been used by major entities like Kraken and Stripe.
Fireblocks CEO Michael Shaulov stated that this acquisition provides the industry with the complete onchain finance stack, extending their secure custody and transfer solutions to the consumer end. The deal's unofficial total is reported to be around $90 million, and Dynamic's 30-person team will join Fireblocks.
Dynamic, founded in 2022, has raised $21 million from investors including a16z crypto and Founders Fund, and has helped set up over 50 million onchain accounts for various protocols.
(Source：The Block)