Overview
- Stripe announced on June 11, 2025 that it will acquire Privy, a crypto wallet infrastructure provider known for its embedded wallet technology.
- Privy’s platform supports over 75 million accounts and more than 1,000 development teams across major crypto apps including OpenSea, Hyperliquid, Pump.fun, Blackbird, and Toku.
- The terms of the transaction were not disclosed, and the deal is expected to close in the coming weeks with Privy maintaining its independence.
- This acquisition follows Stripe’s $1.1 billion purchase of stablecoin infrastructure firm Bridge and underscores a broader push to blend crypto and fiat value movement.
- Privy has raised over $40 million from investors including Paradigm, Coinbase, and Sequoia Capital since its launch in 2021.