Fireblocks acquires Dynamic to expand enterprise wallet infrastructure
Fireblocks acquired Dynamic, an enterprise wallet provider, to complete its tech stack and enhance institutional-grade services.Summary
Digital asset infrastructure company Fireblocks announced the acquisition of Dynamic, an enterprise-focused wallet provider, to complete its technology stack and offer a comprehensive suite of institutional-grade services, including treasury management, custody, and wallet services.
Dynamic provides wallet infrastructure for 50 million onchain accounts, serving clients like Kraken, Magic Eden, and Ondo Finance. Fireblocks CEO Michael Shaulov stated that the merger creates the industry's first complete stack for onchain finance, spanning from custody to consumer applications on a single secure platform.
The acquisition follows a period of rapid stablecoin adoption and favorable regulatory shifts driving institutional interest, particularly in the US where recent regulatory developments under the Trump administration, such as the GENIUS stablecoin bill and anticipated comprehensive crypto market structure legislation, have encouraged adoption.
(Source：Cointelegraph)