Paxos Makes a Major Move Into DeFi
Paxos acquires Fordefi for more than 100m. The blockchain infrastructure firm confirmed the deal on Tuesday. It said the wallet developer will support its push into decentralised finance.
Fordefi is based in New York. It focuses on secure crypto wallet systems. It works with decentralised finance users. It also supports large institutions that want safe on-chain access.
Paxos said demand for DeFi access is rising. It said clients want a regulated path into on-chain markets. It also said they want stronger controls for digital assets.
