Paxos, a leading regulated blockchain infrastructure platform, has announced the acquisition of Fordefi, a provider of institutional-grade custody and wallet technology.
Businesses have long depended on Paxos for reliable custodial infrastructure as they move into the on-chain financial ecosystem. With digital asset adoption growing rapidly, customers now need more secure and flexible custody solutions.
By acquiring Fordefi, Paxos combines its decade of regulated infrastructure and qualified custody expertise with Fordefi’s MPC wallet architecture, policy engine, and strong DeFi integrations. This unified platform will allow clients to issue stablecoins, tokenize assets, and build complex payment flows — all while ensuring top-tier security and compliance.
Charles Cascarilla, CEO and co-Founder of Paxos, said, “We’ve built Paxos as a neutral, enterprise-grade platform that ushers the world’s leading enterprises into the digital asset economy. Fordefi has built an impressive stack and customer base founded on easy-to-use APIs and seamless web3 connectivity. 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. We’re excited to welcome Fordefi to our team as we enter this new phase of growth.”
Founded in 2021 with offices in New York and Tel Aviv, Fordefi is the first institutional-grade MPC wallet platform designed to address the unique security, connectivity, and policy challenges of decentralized finance. The company will continue operating its product independently, and customers can keep using it without any changes.
Over time, Paxos plans to integrate Fordefi’s technology and operations into its broader infrastructure. The financial terms of the acquisition were not disclosed.
“Fordefi has built a best-in-class wallet platform trusted by nearly 300 institutions,” said Josh Schwartz, CEO of Fordefi. “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.”
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