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# Fordefi
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Paxos Acquires Institutional DeFi Wallet Provider Fordefi in $100M+ Deal 🏦
Paxos, the issuer of PayPal USD ($PYUSD), has acquired institutional wallet infrastructure provider Fordefi for over $100 million. The acquisition will integrate Fordefi's institutional-grade MPC wallet technology into Paxos' regulated custody platform.
Fordefi's platform currently safeguards over $120 billion in monthly transaction volume across 90+ blockchains, providing robust transaction processing and compliance tools for institutional DeFi operations. The integration will create a unified infrastructure offering
Paxos, the issuer of PayPal USD ($PYUSD), has acquired institutional wallet infrastructure provider Fordefi for over $100 million. The acquisition will integrate Fordefi's institutional-grade MPC wallet technology into Paxos' regulated custody platform.
Fordefi's platform currently safeguards over $120 billion in monthly transaction volume across 90+ blockchains, providing robust transaction processing and compliance tools for institutional DeFi operations. The integration will create a unified infrastructure offering
PYUSD-0.17%
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