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breaking: paxos drops 💰💸 $100M on fordefi in wild degen move 🚀! this crypto acquisition spree
paxos making power moves: acquiring fordefi for $100M to dive deeper into DeFi, flexing their compliance muscle with 2
Paxos, a leading stablecoin and blockchain firm, recently acquired Fordefi, a NYC-based startup focusing on DeFi wallets. This move, valued over $100 million, signals Paxos’ push into decentralized finance, meeting customer demand. The acquisition aligns with the trend of established players embracing DeFi, despite its risks. Fordefi, with 40 staff and 300 clients, will operate independently but integrate its tech into Paxos. This marks Paxos’ second purchase in a year, following Membrane Finance, enhancing compliance capabilities. 🚀🔒
Stablecoin issuer Paxos to acquire wallet startup Fordefi for over $100 million
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