Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Stablecoin issuer Paxos acquires Fordefi to strengthen institutional DeFi access

Stablecoin issuer Paxos acquires Fordefi to strengthen institutional DeFi access

Coinjournal2025/11/26 16:18
By: Coinjournal
Stablecoin issuer Paxos acquires Fordefi to strengthen institutional DeFi access image 0
  • Paxos purchases an institutional wallet provider in a $100M deal.
  • The move leverages Fordefi’s MPC wallet for a regulated custody framework.
  • DeFi is increasingly becoming part of the mainstream monetary infrastructure.

Paxos, a reputable blockchain infrastructure company behind multiple stablecoins, confirmed the acquisition on Forderfi late on Tuesday.

While the firms didn’t reveal the transaction’s value, sources close to the matter suggest that the deal exceeds $100 million, reflecting one of the most aggressive and strategic expansions in recent years.

The team emphasized:

This strengthens our ability to support institutions with more flexible and sophisticated digital asset infrastructure.

Stablecoin issuer Paxos acquires Fordefi to strengthen institutional DeFi access image 1

For context, Fordefi is a thriving enterprise wallet and custody provider.

This acquisition comes as institutions are moving to on-chain operations at an unprecedented pace.

Companies exploring blockchain technology like tokenized assets, complex DeFi strategies, and stablecoin settlements are seeking secure, modular custody.

Paxos aims to satisfy this demand by merging its compliant custodial infrastructure with Fordefi’s policy-centered MPC (multi-party computation) wallet tech.

Commenting on the strategic purchase, Paxos co-founder and CEO Charles Cascarilla said :

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.

Paxos enriches its enterprise playbook

Businesses venturing into the blockchain and crypto sectors have leveraged Paxos for compliant infrastructure and custody.

The firm maintains a high-end regulatory model, with supervision from Singapore’s MAS, the NYDFS in the US, Abu Dhabi’s FSRA, and FIN-FSA in Europe.

Moreover, its tokenization and stablecoin systems power fiscal settlements for leading companies, including MasterCard, Nubank, PayPal, and Interactive Brokers.

Now, Paxos is integrating Fordefi to offer its customers a unified platform that supports everything from asset tokenization and issuance to streamlined access to DeFi protocols.

CEO Cascarillar added:

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.

The fast-growing Fordefi

Fordefi has grown into a reputable institutional wallet provider in the DeFi industry since its 2021 launch.

The platform boasts two crucial features.

First and foremost, Fordefi’s MPC-based address model reduced single-point failure risks.

On the other hand, the policy engines enable enterprises to handle compliance rules, risk management, and permissions across decentralized and centralized setups.

Fordefi currently secures over $120 billion in monthly transactions, supporting nearly 300 enterprises, including hedge funds, crypto-native companies, and trading desks.

Josh Schwartz, CEO of Fordefi, believes Paxos will heighten its reach while aligning with its primary missions. He said:

Fordefi has built a best-in-class wallet platform trusted by nearly 300 institutions. 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.

For now, Fordefi will operate independently as Paxos pursues a phased integration.

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

dYdX’s performance-driven affiliate system establishes a new benchmark for DeFi rewards

- dYdX's v9.4 upgrade introduces a performance-based 50% commission tier, replacing static VIP tiers with dynamic affiliate fees tied to real-time trading volume. - The sliding fee model automatically adjusts commissions (30% base, 50% for top performers) to align affiliate rewards with platform liquidity and growth goals. - Competitors like Bitget and YWO also adopt performance-driven affiliate strategies, reflecting a broader DeFi trend toward merit-based incentives. - dYdX's protocol-level hard-coding o

Bitget-RWA2025/11/27 00:48
The Growth of Ready-to-Develop Infrastructure in Upstate New York and Its Influence on Industrial Property

- Upstate NY's industrial real estate is transforming via shovel-ready infrastructure and public-private partnerships, targeting advanced manufacturing and clean energy sectors. - FAST NY's $400M grant program has funded 37 projects since 2022, upgrading 7,700 acres to attract $283M+ in private investments like Chobani's regional operations. - Webster's Xerox campus redevelopment ($9.8M FAST NY grant) exemplifies mixed-use "bluefield" models combining manufacturing with residential zones to create sustaina

Bitget-RWA2025/11/27 00:48

Trending news

More
1
Crypto Surges As Fed Eyes Rate Cut In December
2
Strategy unveils a new anti-panic weapon against the bitcoin crisis

Crypto prices

More
Bitcoin
Bitcoin
BTC
$90,804.09
+3.88%
Ethereum
Ethereum
ETH
$3,045.49
+3.19%
Tether USDt
Tether USDt
USDT
$1.0000
+0.03%
XRP
XRP
XRP
$2.23
+1.55%
BNB
BNB
BNB
$895.08
+3.78%
Solana
Solana
SOL
$143.42
+3.39%
USDC
USDC
USDC
$0.9999
-0.01%
TRON
TRON
TRX
$0.2770
+0.74%
Dogecoin
Dogecoin
DOGE
$0.1550
+1.66%
Cardano
Cardano
ADA
$0.4373
+3.73%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter