Fordefi’s platform is trusted by nearly 300 global institutions
Paxos, a leading regulated blockchain infrastructure platform, has announced its acquisition of Fordefi, an institutional-grade custody and MPC wallet technology provider. As businesses rapidly adopt digital assets and move deeper into the on-chain financial ecosystem, the need for secure, modular, and enterprise-ready custody solutions has grown significantly. With this acquisition, Paxos brings together its decade of experience in regulated custody and infrastructure with Fordefi’s advanced multi-party computation wallet architecture, sophisticated policy engine, and strong DeFi integrations.
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This combined strength will allow clients to rely on a single trusted platform to issue stablecoins, tokenize assets, and build complex payment flows while maintaining the highest standards of security, compliance, and regulatory oversight. Paxos CEO and Co-Founder Charles Cascarilla highlighted that the acquisition strengthens Paxos’ ability to serve enterprises looking for a neutral, enterprise-grade partner capable of addressing a wide range of custody needs through advanced wallet technology and qualified custody safeguards.
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Fordefi, founded in 2021 with teams in New York and Tel Aviv, is known as the first institutional-grade MPC wallet platform designed specifically to address decentralized finance security and operational challenges. While Fordefi will continue operating independently for now, Paxos plans to gradually integrate its technology into its broader infrastructure. Fordefi CEO Josh Schwartz stated that joining Paxos will enable the company to bring its technology to a wider global audience while maintaining its commitment to security, usability, and innovation. Together, the two companies aim to deliver unified custody and stablecoin infrastructure that enables enterprises to deploy real-world digital asset use cases at scale.
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