Paxos acquires wallet provider Fordefi for over $100M
Crypto Briefing
Paxos acquired institutional MPC wallet provider Fordefi for over $100 million to enhance its regulated custody solutions.Summary
Paxos, a regulated blockchain infrastructure provider and stablecoin issuer, has acquired institutional MPC wallet provider Fordefi for more than $100 million. This acquisition is intended to expand Paxos’ custody and wallet offerings for institutional clients by integrating Fordefi’s MPC wallet technology, policy engine, and API-driven DeFi connectivity into Paxos’ regulated platform. Fordefi will initially operate independently before being fully integrated. The move supports Paxos' strategy to provide enterprises with a unified, secure, and compliant infrastructure for tokenization, stablecoin issuance, and on-chain financial operations.
(Source：Crypto Briefing)