Paxos Acquires Crypto Wallet Startup Fordefi in Major Deal Worth Over $100 Million

Crypto payment infrastructure provider Paxos has closed a significant acquisition of New York-based crypto wallet startup Fordefi for over $100 million. Fordefi, known for its DeFi-focused wallet solutions, employs around 40 individuals and caters to approximately 300 clients. The company aims to leverage Paxos’ expertise in the space to further integrate its services and offerings.