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Paxos Acquires Wallet Startup Fordefi for Over $100 Million
11/25/2025, 14:07
AI SUMMARY
●• Paxos acquires wallet infrastructure startup Fordefi for over $100 million
●• The move aims to enhance institutional access to DeFi applications
●• Fordefi will operate independently while integrating its tech with Paxos
Stablecoin issuer Paxos has announced the acquisition of New York-based crypto wallet startup Fordefi in a deal valued at over $100 million. Fordefi will continue to operate independently while its technology is integrated into Paxos's stack.
The acquisition is strategically aimed at meeting increasing client demand for access to Decentralized Finance (DeFi) applications. By integrating Fordefi's institutional wallet capabilities, Paxos seeks to bridge the gap between regulated infrastructure and on-chain yield opportunities.
This consolidation reflects a growing trend among major infrastructure providers to vertically integrate wallet and security solutions to serve institutional capital entering the DeFi space.