Paxos strengthens its blockchain infrastructure by acquiring Fordefi, a multi-party computation (MPC) wallet technology provider trusted by nearly 300 global institutions.
Paxos Acquires Fordefi to Enhance Institutional Crypto Custody Infrastructure
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Paxos has announced the acquisition of Fordefi, a New York and Tel Aviv-based institutional-grade custody and wallet technology company. The strategic move combines Paxos’ regulated blockchain infrastructure expertise with Fordefi’s advanced multi-party computation wallet architecture and deep decentralized finance integrations. This acquisition aims to provide enterprises with a unified, secure platform for digital asset operations, tokenization, and complex payment flows.
Charles Cascarilla, CEO of Paxos, highlighted the significance of the acquisition in expanding the company’s ability to support enterprises entering the digital asset economy. Fordefi CEO Josh Schwartz noted that the partnership will enable their technology to reach a broader audience while maintaining a focus on security, usability, and innovation. The company will continue to operate its product independently, with gradual integration into Paxos’ infrastructure planned.
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🧭 FAQs
• How many institutions use Fordefi’s platform? Nearly 300 global institutions.
• What is the key technology behind the acquisition? Multi-party computation (MPC) wallet architecture.
• Where are Fordefi’s main offices located? New York and Tel Aviv.
• What is the value of Fordefi’s monthly transaction volume? Safeguarding more than $120 billion in monthly transactions.
