Paxos Acquires Fordefi Crypto Wallet to Expand Digital Asset Custody Services

Blockchain infrastructure platform Paxos has strategically acquired crypto wallet startup Fordefi to significantly expand its custody services. This acquisition enables Paxos to enhance its institutional-grade digital asset storage solutions and strengthen its position in the cryptocurrency custody market. The integration of Fordefi's advanced wallet technology will provide Paxos clients with improved security features and expanded custody capabilities for various digital assets.