Overview
- Paxos confirmed the purchase price exceeds $100 million, with other terms not disclosed.
- Fordefi’s multi‑party computation wallet platform serves roughly 300 institutional clients and will continue operating independently during integration.
- Paxos plans to integrate Fordefi’s technology into its qualified custody and stablecoin infrastructure to support on‑chain activity for enterprises.
- The startup, founded in 2021, was last valued at $83 million and employs about 40 people, with its wallet supporting more than 90 blockchain networks.
- Paxos previously invested in Fordefi’s 2024 round, and this acquisition follows its February purchase of Finland’s Membrane Finance to expand regulated services.