Paxos Connects Compliant Infrastructure and Web3 Through $100M Purchase of Fordefi
- Paxos acquired Fordefi for $100M+ to enhance custodial services with MPC technology and DeFi integrations. - Fordefi's $120B+ monthly volume and institutional-grade security align with Paxos' mission to provide compliant digital asset infrastructure. - The deal follows Paxos' earlier acquisition of Membrane Finance and reflects crypto industry consolidation to meet institutional demand for secure solutions. - Despite past regulatory challenges, Paxos continues expanding its enterprise client base includi
Paxos, a prominent provider of regulated blockchain infrastructure, has
Established in 2021, Fordefi is based in New York with an office in Tel Aviv, and its wallet platform is trusted by close to 300 institutions worldwide,
This purchase comes after a phase of rapid growth for Paxos, which
Fordefi CEO Josh Schwartz stated that becoming part of Paxos will enable the company to expand its technology while keeping its focus on security and innovation. "
This acquisition mirrors a larger trend in the crypto sector, where companies are joining forces to better serve institutional needs for secure and compliant services.
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.
You may also like
Bolivia Turns to Stablecoins for Economic Stability and to Attract Investment
- Bolivia accelerates stablecoin integration into its financial system to stabilize the economy and attract investment, allowing banks to offer crypto-based services as legal tender. - The policy follows 2024's crypto ban removal, addressing currency depreciation and aligning with President Paz's market-oriented agenda to reverse economic stagnation through $9B in multilateral loans. - Gold mining formalization and a public-private gold bank aim to ensure environmental compliance, while fiscal reforms incl

XRP News Today: XRP's ETF-driven surge mirrors the 2017 rally, targeting $2.60
- XRP rebounded near $1.96 support due to ETF inflows and technical indicators, targeting $2.60 as a mid-channel rally. - Record $164M ETF inflows on Nov. 24, led by Grayscale and Canary Capital, marked first U.S. altcoin ETF dual launch. - Institutional demand surged with Grayscale, Franklin Templeton, and Bitwise securing XRP ETF approvals, boosting derivatives volume by 51%. - Risks persist: $480M whale selling pressured $1.90 support, while RSI divergence and weak MVRV ratios highlight liquidation risk

Hyperliquid News Today: DeFi Giants Bet $1 Million on AI Prospects: Taking Long Positions on Nvidia and Shorting Alphabet
- A trader deposited $1M in USDC on Hyperliquid to long NVDA and short GOOGL , leveraging 9x-10x on AI sector divergence. - Hyperliquid's DeFi platform enables tokenized stock trading with low fees, bridging Arbitrum and supporting cross-chain activity. - The trade reflects AI-driven market sentiment, with NVDA's infrastructure dominance contrasting Alphabet's search challenges. - Analysts highlight risks of leveraged positions in volatile sectors, while noting whale activity's influence on meme tokens and