Paxos Expands Digital Asset Reach with Fordefi Acquisition

Paxos strengthens institutional custody by integrating Fordefi’s MPC wallets and DeFi tools for secure on-chain operations.

Fordefi supports over 90 blockchains and $120B monthly transactions, enabling scalable, compliant digital asset solutions.

The acquisition allows clients to access regulated custody and non-custodial tools through a single, unified platform.

Paxos, a regulated blockchain infrastructure platform, has announced a strategic acquisition of Fordefi, an institutional-grade custody and wallet technology provider. This move strengthens Paxos’ ability to offer advanced custody solutions for institutions navigating the on-chain financial economy

Fordefi, founded in 2021 with offices in New York and Tel Aviv, has quickly built a robust platform handling over $120 billion in monthly transaction volume. The acquisition aims to merge Paxos’ regulated infrastructure with Fordefi’s multi-party computation (MPC) wallet technology and decentralized finance integrations, creating a single platform for secure and flexible digital asset operations.

Charles Cascarilla, CEO and co-founder of Paxos, emphasized, “Market participants require a regulated platform partner that meets their range of complex custody needs. Together, Paxos and Fordefi provide customers with a world-class custody solution built upon advanced wallet technology and regulated, qualified custody.”

The partnership allows Paxos to offer institutions a unified stack capable of issuing stablecoins, tokenizing assets, and building sophisticated payment flows while maintaining compliance and security standards.

Integrating Advanced Wallet Technology

Fordefi’s MPC wallet architecture is designed for institutional on-chain activity, addressing critical security, connectivity, and policy challenges of decentralized finance. Additionally, its platform includes a market-leading policy engine, supports more than 90 blockchain networks, and integrates compliance tools

Clients can continue using Fordefi’s product independently, while Paxos gradually integrates its technology into a broader regulated infrastructure. This combination provides institutions with both non-custodial tools and qualified custody services in one seamless environment.

Josh Schwartz, CEO of Fordefi, commented, “Joining Paxos allows us to bring our technology to an even broader audience while maintaining our focus on security, usability and innovation. Together, we will offer enterprises the unified custody and stablecoin infrastructure they need to deploy real-world digital asset use cases at scale.” Consequently, this acquisition positions Paxos to meet growing institutional demand for regulated and modular custody solutions.

The post Paxos Expands Digital Asset Reach with Fordefi Acquisition appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.