Posted 2/13/2024, 2:17:00 PM
Fordefi Raises $10M to Bring Institutional-Grade Wallet Security to Retail Crypto Users
- Fordefi raised $10M from Electric Capital, Paxos and Alchemy to expand its institutional-grade MPC wallet offering to retail platforms
- The company previously raised $18M in seed funding and has secured over $3B in blockchain transaction volume
- Fordefi's MPC wallet divides private keys to eliminate a single point of failure, making crypto storage and DeFi interactions safer
- The company is launching a wallet-as-a-service product for exchanges, fintechs and Web3 businesses to offer self-custodial wallets within their apps
- The new service extends Fordefi's "industry leading technology" for secure crypto access to any business wanting best security and user experience for customers on-chain