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Fordefi provides a secure multi-party computation (MPC) wallet platform for DeFi, protecting private keys and managing digital assets for institutions. It works by distributing key material across multiple parties and connecting through APIs to onboard users, mint tokens, and process payments across multiple blockchains for DeFi apps and DEXs. It stands out from competitors with enterprise-grade MPC security, multi-chain support, and ready-made API integrations tailored for institutions rather than casual users. Its goal is to make secure, scalable DeFi operations easier for professional buyers by offering a trusted MPC wallet that fits into existing workflows.
Industries
Fintech
Cybersecurity
Crypto & Web3
Financial Services
Company Size
51-200
Company Stage
Seed
Total Funding
$28M
Headquarters
New York City, New York
Founded
2021
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Total Funding
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Upshift deploys vault infrastructure on Solana in collaboration with Sentora, Fordefi. A $380M vault provider expands to Solana DeFi * Published: May 21, 2026 5:10 AM * Edited: May 21, 2026 6:10 AM Upshift, a multichain DeFi vault provider boasting over $380M in TVL, is bringing mutli-strategy yield vaults to Solana. Joining forces with Sentora, a vault manager with $1.5B in deposits, and Fordefi, a Paxos company, Upshift's first vault will center around $jitoSOL, a leading Solana LST. Upshift's expansion to Solana signals growing demand for professional capital management on the network, with vault TVLs soaring on the network following recent deployments by Ethena and Bitwise. Upshift brings multi-strategy vaults to Solana DeFi. After amassing over $550M in peak TVL across Stellar and various EVM networks, Upshift is bringing its multi-strategy vault infrastructure to Solana. Upshift's vault architecture offers a wealth of novel features, including programmable strategy execution, NAV-based pricing, contract-level atomic redemptions, and TradFi-standard risk controls. Curators, like launch partner Sentora, will be able to allocate capital across both Solana DeFi and CeFi using the same policy engine and reporting model that helped Upshift deploy over 50 vaults across the wider EVM landscape. "The next phase of Solana DeFi is being defined by infrastructure that can support the largest institutional allocators, curators, and asset issuers. Upshift bringing its vault platform to Solana means the network will benefit from battle-tested infrastructure that has attracted over half a billion in deposits across 55+ vaults. We are excited to leverage their deep expertise to build a new generation of onchain financial products through vaults on Solana." - Ramzy, Solana Foundation Head of DeFi Fordefi has been named the official custody partner, providing self-custodied MPC wallets, policy enforcement, and DeFi connectivity for curators, treasuries, and institutional firms seeking yield via Upshift's Solana-based vaults. "Solana is a serious venue for institutional capital across PayFi, Lending, Derivatives and RWAs, and the next wave of allocators moving onchain will need vault infrastructure that meets them where they already operate. Bringing Upshift to Solana gives curators secure, flexible and composable vault infrastructure, and gives depositors the same NAV pricing, atomic redemptions, and policy controls they have come to expect from Upshift on EVM." - Aya Kantorovich, Upshift co-founder Upshift's expansion comes at a critical time for the network, which has witnessed unprecedented institutional growth in recent months. The rapid proliferation of various RWA classes, like tokenized stocks, treasuries, reinsurance, and credit are unlocking previously untapped value propositions, attracting institutional capital to the chain at scale. Professional vault products like Upshift serve as vital infrastructure for bridging the TradFi-DeFi gap, giving institutional players the custody, policy, and operational controls that are essential to large-scale capital allocation. "The institutional opportunity on Solana is real, and multi-strategy vault infrastructure has been the missing piece to enable enterprise earn programs on Solana. Partnering with Upshift at launch lets us fill that gap with the same systematic risk framework and advanced strategies we deploy across all of Sentora's vaults." - Anthony DeMartino, Sentora Upshift's debut vault, sjitoSOL, will be accessible for depositors directly from the protocol's site. Neobanks, consumer applications, and other DeFi platforms can offer access to Upshift vaults via the platform's SDK. Solana DeFi vault economy gains momentum. While vaults are relatively commonplace on chains like Ethereum, Solana DeFi has yet to fully embrace the architecture and unique value add of professional capital management. However, recent developments indicate this may be starting to change. While Kamino has long dominated Solana's vault landscape, competitors like Jupiter Lend have recently entered the arena. In collaboration with Ethena and Bitwise, Jupiter Lend's $USDe vault has amassed $531M in market size since launch, while Kamino's equivalent $USDe product became the platform's fastest growing vault, reaching $400M within 24 hours of launch. "Vaults are becoming the default wrapper for institutional onchain yield, and pairing Upshift's vault platform with Fordefi's MPC custody and policy infrastructure on Solana gives our clients a self-custodied path into the network's growing yield economy" - Josh Schwartz, Co-founder and CEO at Fordefi. Upshift joins Solana's growing vault economy at a time when depositors are looking for safe and reliable yield streams. With Solana's yield hunters uncertain where to allocate capital in the wake of a slew of devastating DeFi hacks in April, institutional-grade, professionally managed vaults may be the vehicle to reinstill confidence in the onchain economy. Read more on solanafloor. Jupiter's Swap Router Just Got an Upgrade
Unlocking institutional capital on Rootstock: Q1 2026. March 24, 2026 Today, over $260 billion sits idle in corporate treasuries and funds, largely held as a passive asset. Unlocking this capital is one of the biggest growth opportunities for Bitcoin Finance (BTCFi). To make institutional Bitcoin sustainable, RootstockLabs Limited. need secure custody, robust structured products, real-world use cases, and the scalability of a proven smart contract network. Rootstock is among few Bitcoin sidechains turning this opportunity into real execution today. Since the start of 2026, it has formed a cross-border network that provides the secure, borderless rails necessary for Bitcoin to serve as a productive foundation for the next generation of global finance. Clocking 3,000 days of uninterrupted operations, Rootstock has cemented its status as the bulletproof bedrock of BTCFi. It delivers the uncompromising reliability institutions require to securely transition their bitcoin from passive reserve to productive capital. Alongside Animoca Brands Japan, Midas, Mercado Bitcoin, Mellow, Tyr, Fireblocks, and more, the Rootstock community is supporting Bitcoin-native investment strategies, custody solutions, structured products, and RWA settlements that foster real-world adoption on an international scale. By bridging secure access and strategic investment, Rootstock has established itself as a primary venue for Bitcoin-native institutional capital deployment. Today, 30% of all BTCFi activity happens on Rootstock, including millions in real-world asset settlements, new BTC vaults, and structured products that support advanced trading strategies. Here's how the institutional Bitcoin stack has been integrated into Rootstock, and what it means for the future of BTCFi. Enabling institutional access. Institutional access starts with regulated custodial solutions. Leading providers like Fireblocks, ForDefi, Utila, and Cobo have integrated with Rootstock to build these gateways. With Rootstock, hedge funds, family offices, and treasury teams can deploy bitcoin into smart contracts while keeping the same governance and security standards they expect from traditional settlement layers. Built on eight years of proven security, custody, and operational resilience, Rootstock removes technical friction and aligns with institutional governance frameworks that give the world's largest capital allocators confidence to engage in digital asset markets. Recent infrastructure upgrades are reducing friction for institutional access. Utila now supports Bitcoin PSBT, enabling secure execution of complex, multi-party transactions and native BTC-to-rBTC peg-ins via the Rootstock Powpeg. This gives institutions a seamless path to move Bitcoin into Rootstock's smart contract environment. With advanced transaction support and MPC-based governance, capital can be deployed more efficiently into onchain strategies like BTC-denominated vaults, without compromising security or control. Capital activation. As structured financial products in DeFi mature, institutions are moving bitcoin from a static balance sheet asset to active capital. In January, Mellow launched its institutional BTC vaults on Rootstock with Tyr, an alternative fund manager focused on digital assets. These vaults use smart contract primitives so capital can operate within clear strategy frameworks, with built-in oversight. In February, Midas launched mHyperBTC on Rootstock, an institutional vault tracking BTC-denominated market-neutral strategy managed by Hyperithm, a digital asset manager based in Tokyo and Seoul. This onchain investment product expands DeFi and BTC treasury management options. So far, Midas reports issuing over $1.7 billion in assets and paid out $37 million in yield. This integration reinforces Rootstock's long-term mission to position Bitcoin as the foundation for open, on-chain finance. These developments solidify Rootstock's role as the premier infrastructure for institutional-grade vaults, moving bitcoin beyond its traditional role as a reserve asset into working capital. The Rootstock community is powering this shift from passive to productive use. Diversifying global use cases. BTCFi's success depends on real-world utility. Major institutions are partnering with Rootstock to unlock bitcoin's financial potential. For example, Animoca is bringing Bitcoin-native financial solutions to the Japanese corporate and institutional markets, while Mercado Bitcoin in South America is using Rootstock to settle tokenized credit with Bitcoin. In Japan, RootstockLabs, a core contributor to Rootstock, is working with Animoca Brands Japan to help enterprises adopt Bitcoin-based financial infrastructure that meets local regulations and governance standards. While Metaplanet's bitcoin accumulation gets headlines, many Japanese public companies are quietly increasing their own bitcoin holdings. Japan's regulatory environment is also evolving, with upcoming policies that would treat crypto as traditional securities and a planned 20% flat tax rate on digital assets. This opens the door for broader corporate adoption. "In Japan, an increasing number of companies are beginning to utilize cryptoassets as part of their financial and treasury strategies. In this context, security and governance are elements that Japanese corporations place particular importance on. Through this partnership, Animoca Brands Japan and RootstockLabs will support corporate adoption of cryptoassets in a manner compliant with Japan's regulatory environment."-Kensuke Amo, CEO of Animoca Japan. For institutional treasurers looking to use bitcoin beyond passive storage, operational resilience is essential. Rootstock has had zero chain resets since its 2018 launch and is backed by over 80% of Bitcoin's hash power through merged mining. This level of operational excellence is a rarity in the broader market, empowering Rootstock to provide Japanese corporations the technical guarantees they need for active treasury management. In Brazil, Mercado Bitcoin - the largest digital asset exchange and investment banking platform in Latin America - has accelerated institutional activity on Rootstock. In January, they deployed over $20 million across a growing suite of on-chain products, distributed through institutional and partner channels. Targeting $100 million in issuance by the end of Q2, this momentum shows Rootstock's ability to support complex, high-value RWA settlements at scale. The end of idle capital, and what to expect next. Capturing a $260 billion market needs proven, reliable infrastructure. By connecting custodians, onchain investment products, and credit markets, Rootstock brings together the institutional Bitcoin stack, integrating security, custody, compliance, and yield baked into the Bitcoin ecosystem, available to the largest global allocators. This is just the beginning. RootstockLabs is also exploring ways to introduce compliant, institutional-grade products to the ecosystem. Now, the focus moves from attracting institutional capital to Bitcoin to how quickly this capital can be deployed. As institutional participation accelerates, conversations are shifting toward the infrastructure and frameworks needed to support BTCFi at scale. On March 26, RootstockLabs will host a live webinar from 3:00 PM - 4:00 PM UTC, exploring the future of institutional bitcoin, covering topics ranging from capital efficiency and settlement to risk management and institutional-grade BTC financial infrastructure. The discussion will actualize deployable strategies for allocators, funds, HNWIs, and ecosystem leaders seeking to activate bitcoin's potential without compromising security or compliance. Secure your spot by registering today.
Paxos builds regulated blockchain and digital asset solutions for global leaders in financial services.
Paxos acquires Fordefi in $100m DeFi wallet deal. * Paxos acquires Fordefi for over $100m to expand into DeFi. * Paxos plans to integrate Fordefi's MPC wallet stack into its infrastructure. * Fordefi serves about 300 clients with institutional-grade wallet technology. 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. "We have customers that want to be able to access DeFi and have the right capacity to do that," said Charles Cascarilla, Paxos' cofounder and CEO. The company issues major stablecoins. It helps partners such as PayPal and Nubank offer crypto trading. It also supports new tokenised products. This deal expands that capability. Fordefi has around 40 employees. It works with about 300 institutions. It was valued at $83m in its last fundraising round. The new deal places a far higher value on its technology and market fit. Fordefi brings institutional wallet strength. Fordefi specialises in multi-party computation wallets. These wallets split signing authority. They remove single points of failure. They suit institutions that want secure DeFi exposure. The company said it supports more than $120bn in monthly transaction volume. It connects to many DeFi apps. It also provides systems that approve transactions safely. Its tools offer strong custody options. They also blend traditional and decentralised finance. They support compliance. They protect assets against common attack vectors. Fordefi has staff in New York and Tel Aviv. It will continue to operate independently for now. Paxos plans a gradual integration. It wants to combine the wallet stack with its broader infrastructure. Josh Schwartz, Fordefi's CEO, said the deal expands the company's reach. He said security remains its core priority. He also said innovation will continue. The wider industry sees Fordefi as a strong entry point into DeFi. Its systems already support major protocols. Many institutions view its approach as safer than typical retail wallets. Market signals shift toward safer DeFi access. DeFi has carried risk for years. Lending protocols offer high yields. They also suffer frequent hacks and exploits. That reputation kept many large institutions away. Conditions changed over the past year. Major exchanges now offer DeFi-linked features. Coinbase introduced lending access through the Morpho protocol. Banks started tokenising money-market funds. Investors see this as a step toward broader on-chain finance. Paxos said it hears similar demands from its clients. It said many want safer DeFi choices. It said regulated infrastructure is the missing link. The company's regulated status supports this shift. It has a New York trust charter. It also gained MiCA compliance in Europe after it acquired Membrane Finance earlier this year. Paxos plans to use Fordefi to strengthen its DeFi roadmap. It wants clients to access new yield products. It wants secure settlement on decentralised networks. It also wants consistent audit and compliance processes. Paxos expands its global infrastructure. The acquisition continues Paxos' expansion strategy. It builds on its earlier deal for Membrane Finance. It also follows the launch of Paxos Labs. The unit helps partners embed DeFi tools into their platforms. Fordefi's technology will support this ecosystem. It will provide wallet-level access. It will offer transaction controls. It will help clients handle tokenised assets. Paxos said it wants to create safer market rails. It said the future of finance will be on-chain. It sees regulated DeFi as a key step. Fordefi's systems match this vision. They allow institutions to use decentralised tools without major risk. They add clear permissions. They reduce operational complexity. The company's rapid growth reflects these needs. Its user base spans global institutions. Its tools help clients manage large transaction volumes. Many see it as a reliable path to institutional-grade DeFi. A new phase for on-chain institutions. The crypto market continues shifting toward regulated solutions. It focuses on transparency. It focuses on secure infrastructure. It focuses on bridging traditional finance and DeFi. Paxos acquires Fordefi at a crucial moment. The deal shows how enterprises now treat DeFi. It also shows how wallet technology becomes central to that transition. The company plans to integrate DeFi yields. It plans to expand tokenised assets. It plans to support new markets. Fordefi's systems will support these steps. The industry expects more acquisitions. Many firms want secure infrastructure. They want compliance. They want trust in decentralised systems. Paxos aims to lead this transition. Fordefi will operate independently while integration begins. Paxos will onboard partners to the new wallet stack. Institutions will gain secure DeFi access. The market will gain stronger guardrails. The acquisition marks a significant shift. It shows that regulated firms now take DeFi seriously. It also shows that the future of on-chain finance depends on secure wallets and stable infrastructure. To stay updated on crypto venture capital funding and market trends, visit its venture capital news section for more insight. Clinton Nwachukwu is a crypto and finance writer with an MBA in Artificial Intelligence and 6+ years of experience creating content for leading global brands. He turns complex topics into clear, actionable insights for readers worldwide. VentureBurn is a media platform covering the latest in cryptocurrency, artificial intelligence, venture capital, and the startup ecosystem. Opinions expressed on VentureBurn are for informational purposes only and do not constitute investment advice. Before making any high-risk investments in digital assets or emerging technologies, readers should conduct their own due diligence. All transactions and financial decisions are made at your own risk, and any losses incurred are solely your responsibility. VentureBurn does not endorse or recommend the buying or selling of any digital assets and is not a licensed investment advisor. Please note that VentureBurn may participate in affiliate marketing programs.
Paxos is acquiring Israeli startup Fordefi for over $100 million. Fordefi, founded in 2021, develops security infrastructure and institutional wallets for digital assets, serving nearly 300 financial institutions with monthly activity volumes over $120 billion. Fordefi has raised $28 million, including $18 million in a Seed round and $10 million in a Seed extension. Paxos plans to expand its Israeli R&D hub, integrating Fordefi's technology to enhance its blockchain infrastructure offerings.
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Industries
Fintech
Cybersecurity
Crypto & Web3
Financial Services
Company Size
51-200
Company Stage
Seed
Total Funding
$28M
Headquarters
New York City, New York
Founded
2021
Find jobs on Simplify and start your career today