Paxos announced today the acquisition of Fordefi to enhance its custody and wallet infrastructure, according to the company’s official statement. The firm confirmed that the deal aims to strengthen its position as a regulated provider of blockchain-based financial services.
The acquisition brings Fordefi’s MPC wallet technology and institutional tooling under Paxos, which the company says will support a broader range of on-chain operations. Institutions relying on Paxos products may see improved security and expanded functionality as the integration moves forward. The company noted that Fordefi’s expertise will play a role in powering more efficient and compliant custody flows for partners across the digital asset ecosystem.
Paxos stated that it will begin incorporating Fordefi’s technology into its platform over the coming months, with more updates expected as integration milestones are reached. The company emphasized that its long-term goal is to offer a unified custody layer capable of supporting increased demand for tokenization and regulated stablecoin activity.
Source: Paxos.
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