Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Paxos announced the acquisition of the New York encryption wallet startup Fordefi, with a transaction amount exceeding 100 million dollars.

ChainCatcher news, according to Fortune, crypto payment infrastructure company Paxos announced the acquisition of New York crypto wallet startup Fordefi, with a transaction amount exceeding 100 million dollars. Fordefi focuses on crypto wallet solutions designed for Decentralized Finance (DeFi) and currently has about 40 employees, serving around 300 clients. Paxos CEO Charles Cascarilla stated that this acquisition is to meet the growing demand for DeFi access from customers. Fordefi will temporarily operate independently, but Paxos plans to eventually integrate its technology into its own infrastructure. This is Paxos's second acquisition in the past year, having previously acquired Finnish stablecoin issuer Membrane Finance to comply with EU cryptocurrency regulatory requirements.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)