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COMPANY detail

FORDEFI
The Most Robust Platform for Managing Your Digital Assets

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FORDEFI
Company Overview.
Year Founded 2021
Status Private
Specialties Wallet Infra, Custody
Company Size 11-50 Employees
Industry Software Development
Location New York, USA
Description.

Fordefi is the leading custody and security platform for on-chain operations. Founded in 2021 by Dima Kogan, Josh Schwartz, and Michael Volfman, Fordefi empowers hundreds of institutions to operate securely on-chain, safeguarding more than $120 billion in monthly transaction volume across 300+ institutions including trading firms, asset managers, protocols, and fintechs. The company operates from headquarters in New York and Tel Aviv, offering an institutional-grade MPC wallet platform and web3 gateway that enables secure self-custody of private keys, seamless connectivity to thousands of dApps across 90+ blockchains, granular policy controls, and comprehensive digital asset operations management. Notable clients include Pantera Capital, Wintermute, StarkWare, deBridge, Bracket, Fortuna Custody, Stacks Foundation, Backed, Hyperwave, and Neutral Trade.

Fordefi has completed SOC 2 Type II certification by Ernst & Young and undergoes annual security audits and penetration tests by Skylight Cyber and NCC Group. The company is insured through Munich Re. On November 25, 2025, Fordefi was acquired by Paxos for over $100 million. Fordefi raised a total of $28 million across two funding rounds: an $18 million seed round (November 2022) led by Lightspeed Venture Partners with participation from Electric Capital, Alchemy, and Pantera Capital, and a $10 million Series A extension (February 2024) led by Electric Capital with new participation from Paxos and Alchemy. Fordefi will continue operating its product independently and customers can continue using the product as usual as Paxos integrates its technology and operations into its infrastructure over time.

Key Infrastructure.
MPC Wallet Platform Institutional-grade multi-party computation wallet enabling secure self-custody of private keys with key shares distributed across multiple parties and devices, preventing single-point failures and eliminating key theft risk throughout the entire key lifecycle
Wallet-as-a-Service (WaaS) White-label MPC wallet API and SDK enabling businesses to embed non-custodial wallets into their applications, granting users access to dApps, NFTs, and games with institutional-grade security while providing full control and transparency over digital assets
Browser Extension Chain-agnostic wallet extension enabling secure connection to thousands of dApps across 90+ blockchains from a single wallet experience, combined with full transaction simulation and enrichment
Policy Engine Flexible governance system allowing organizations to create rules governing transaction approval requirements based on any parameter including protocol, action type, amount, and counterparty, with granular policy controls
DeFi Connectivity Built-in connectivity to decentralized finance protocols enabling seamless interaction with any dApp while maintaining institutional security standards and operational workflow controls
Exchange Connectivity Unified control across centralized and decentralized exchange balances, allowing institutional teams to manage both CeFi and DeFi positions from a single dashboard
Additional Features.
Transaction Clarity
Pre-execution simulation showing expected asset changes, allowances, fees, and revert reasons to catch mistakes before signing
Transaction Enrichment
Concise insights into each transaction allowing verification of integrity, risk mitigation, and financial impact assessment
Web3 Risk Engine
Security features alerting users to potential threats from malicious smart contracts and phishing attempts
Allowance Manager
View, set, and revoke token allowances across all dApps for security hygiene maintenance
In-App Swaps
Cross-chain token swapping across multiple venues with best execution and policy enforcement from within the Fordefi workspace
Gas Station
Sponsored gas functionality allowing businesses to pay gas fees on behalf of users

GENERAL Questions.

What does this company do?
Fordefi provides an institutional-grade MPC (Multi-Party Computation) wallet platform and web3 gateway enabling institutions to securely self-custody private keys, connect to thousands of dApps across 90+ blockchains, enforce granular transaction policies, and manage digital asset operations from a single unified dashboard. Through its Wallet-as-a-Service offering, Fordefi also provides white-label MPC SDK and APIs enabling businesses to embed non-custodial wallets into their applications.
Who are their main clients?
Fordefi serves 300+ institutions including trading firms (Wintermute, Keyrock), hedge funds (Pantera Capital, DeFiance Capital, Ouroboros Capital, Theia), asset managers, protocols (StarkWare, Stacks Foundation, deBridge), fintechs (Pintu), and digital asset custodians (Fortuna Custody). Clients collectively transact over $120 billion per month on-chain.
Are they licensed?
Fordefi itself does not explicitly list specific licenses on its website. Following the November 2025 acquisition by Paxos, Fordefi gains access to Paxos's regulatory infrastructure including NYDFS virtual currency business activity license, FIN-FSA (Europe), MAS (Singapore), and FSRA (Abu Dhabi). Fordefi has completed SOC 2 Type II certification by Ernst & Young and undergoes regular security audits.
What blockchains/stablecoins supported?
Fordefi supports 90+ blockchains including Ethereum, Bitcoin, Solana, Cosmos, Polygon, Arbitrum, Base, Optimism, Starknet, Sui, Aptos, Tron, Avalanche, BNB Chain, zkSync Era, Scroll, Linea, Mantle, and many more. An explicit stablecoin support list was not found on the chains page — marked as needs review.

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