Paxos Purchases Fordefi to Drive a New Era of Secure Institutional Crypto Custody

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Paxos Purchases Fordefi to Drive a New Era of Secure Institutional Crypto Custody

Bitget-RWA2025/11/26 07:00

By:Bitget-RWA

- Paxos acquires Fordefi for over $100 million to strengthen institutional crypto custody. - The deal integrates Fordefi's MPC wallet tech and DeFi tools into Paxos's regulated infrastructure. - This marks Paxos's second 2025 acquisition, reflecting growing demand for secure digital asset solutions. - Fordefi's $28M prior funding and institutional client base (300+) enhance Paxos's market position. - The move aligns with industry trends as firms prioritize secure, scalable crypto infrastructure amid regula

Paxos, a prominent provider of regulated blockchain infrastructure, has

purchased Fordefi in a deal valued at more than $100 million

. Announced on November 25, 2025,

the acquisition is intended to bolster Paxos’s standing

in the expanding institutional crypto sector by incorporating Fordefi’s multi-party computation (MPC) wallet system and DeFi integrations into its current custody platform. Established in 2021, Fordefi

provides a platform relied upon by close to 300 institutions worldwide

. This step highlights

the rising need for robust custody solutions

as more businesses participate in on-chain financial activities.

Paxos CEO Charles Cascarilla stated that the acquisition supports the company’s vision of delivering a “neutral, enterprise-grade platform” to help organizations navigate the digital asset landscape. By merging Fordefi’s MPC wallet—designed to distribute transaction authorization among several parties to minimize private key vulnerabilities—with Paxos’s long-standing experience in regulated infrastructure, the company seeks to provide a comprehensive solution for stablecoin issuance, asset tokenization, and advanced payment processing. Fordefi CEO Josh Schwartz remarked that the collaboration would allow their technology to “reach a much wider user base” while keeping security and innovation at the forefront.

This is Paxos’s second significant acquisition in 2025,

following its earlier takeover of Membrane Finance

. The expansion mirrors a broader industry movement, as institutional interest in DeFi products and tokenized assets continues to climb, even as challenges like security breaches and regulatory ambiguity persist. Paxos, the issuer behind stablecoins such as PayPal USD (PYUSD) and Global Dollar (USDG),

has established itself as a connector

between conventional financial services and blockchain, working with partners like PayPal, Mastercard, and Nubank.

Paxos Purchases Fordefi to Drive a New Era of Secure Institutional Crypto Custody image 0

By integrating Fordefi’s technology, Paxos expects to better address the changing requirements of its clients, especially in secure asset storage and DeFi access.

The financial specifics of the deal were not revealed in the official statement, but a Paxos representative confirmed the valuation surpassed $100 million. Fordefi will maintain independent operations during the transition,

as its technology is progressively merged into Paxos’s systems

. Previously, the startup secured $28 million over two funding rounds, including a $10 million extension in 2024 led by Electric Capital, with Paxos also participating as an investor.

This acquisition further emphasizes the growing strategic value of wallet infrastructure within the crypto sector. As stablecoins and tokenized assets become more widely adopted, financial institutions are seeking secure and scalable ways to manage digital holdings. This trend can be seen in recent actions by firms such as Stripe and Ripple,

which have similarly acquired wallet-focused companies

to enhance their product suites. With Fordefi’s expertise in institutional-grade MPC wallets, Paxos is well-equipped to meet this demand while ensuring regulatory adherence in markets including the U.S., Europe, and Singapore.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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