Fordefi Raises $10M to Make Crypto Safer With Institutional-Grade Wallet to Retail-Facing Platforms
Summary
Fordefi raised $10 million in venture capital led by Electric Capital, with Paxos and Alchemy as new investors. The firm aims to expand its institutional-focused wallet to retail platforms, offering self-custodial wallets with multi-party computation to enhance security. Fordefi has onboarded institutional investors and secured over $3 billion in blockchain transaction volume. It plans to extend its wallet-as-a-service product to retail-facing platforms, providing user-owned wallets directly within their applications.
