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Tuesday Nov 25 2025 19:50
2 min
Paxos, a leading blockchain infrastructure company, has announced the acquisition of Fordefi, a New York-based startup specializing in institutional crypto wallets and custody technology. The strategic acquisition, valued at over $100 million, aims to strengthen Paxos' capabilities in providing comprehensive digital asset solutions for institutions.
Founded in 2021, Fordefi quickly established itself by developing one of the first institutional-grade multi-party computation (MPC) wallets specifically designed for decentralized finance (DeFi). Fordefi's wallet incorporates governance features that enable companies to authorize and sign on-chain transactions securely and efficiently.
According to Paxos, the acquisition will combine its regulated custody infrastructure with Fordefi's MPC wallet technology and DeFi integrations. This will provide institutions with a single, unified platform for issuing stablecoins, tokenizing assets, and managing transactions on the blockchain.
The crypto industry is witnessing a growing trend of integrating DeFi protocols into various products and services. Companies are looking to provide users with direct access to on-chain lending, tokenized assets, and yield-generating tools.
Several prominent companies have taken similar steps in this direction. For instance, Kraken expanded its on-chain efforts by partnering with DeFi Development Corp, aiming to bring Kraken shares onto the blockchain. Coinbase has also integrated the Morpho lending protocol directly into its app, allowing users to lend USDC and earn yields of up to 10.8%.
Similarly, Crypto.com added the Morpho protocol to its native Cronos blockchain, enabling users to earn stablecoin yields on wrapped Bitcoin (BTC) and Ether (ETH).
Data from DefiLlama indicates that the total value locked (TVL) in DeFi protocols currently stands at approximately $116 billion. Prior to the largest liquidation event in crypto history, the TVL was hovering around $170 billion.
In conclusion, Paxos' acquisition of Fordefi marks a significant strategic move aimed at solidifying its position in the institutional crypto custody market and meeting the increasing demand for integrated DeFi solutions.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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