Paxos, a blockchain infrastructure unicorn, is acquiring Israeli blockchain-security startup Fordefi for over $100 million, keeping its entire 50-person team and expanding R&D operations in Tel Aviv. Fordefi, which serves nearly 300 financial institutions and supports over $120B in monthly digital-asset activity, adds advanced institutional wallet and security infrastructure to Paxos’ regulated blockchain platform. Together, the companies aim to offer a unified, fully regulated solution for institutional digital-asset custody, trading connectivity, and stablecoin/payment infrastructure.
Blockchain Unicorn Paxos Acquires Fordefi for Over $100 Million
