# Fordefi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fordefi-2

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.fordefi.com/
- Total disclosed funding: $28M
- Latest round: Seed (Feb 13, 2024)
- Investors on record: 14

## About

Fordefi is a US-based company specializing in Multi-Party Computation (MPC) wallet solutions that enhance security and streamline operations in the decentralized finance (DeFi) ecosystem.Founded in 2021, Fordefi operates from New York, US, providing advanced wallet solutions for the DeFi market. The company has secured funding through a recent Add-on round, raising USD 100.00 mn from Paxos Trust Company, LLC, emphasizing their strategy to integrate secure asset management into institutional finance. Fordefi has executed a total of 1 deal, with the most recent being on November 25, 2025, demonstrating its proactive approach in the evolving fintech landscape.Fordefi specializes in providing a comprehensive Multi-Party Computation (MPC) wallet platform designed to enhance security and streamline operations within the decentralized finance (DeFi) ecosystem. Their core offerings include a wallet API that facilitates secure private-key management, enabling users to mint, custody, and transfer digital assets, including tokens and NFTs. The platform also features a browser extension that allows seamless connectivity to thousands of decentralized applications (dApps) across multiple blockchains, simplifying asset transfers and interactions within the DeFi space. Additionally, Fordefi incorporates a flexible policy engine that empowers users to define granular workflow policies tailored to their operational needs. Their customer base includes institutional investors, hedge funds, and digital asset market makers, with notable clients such as DeFiance Capital, Keyrock, and Ouroboros Capital. Fordefi's solutions are utilized globally, serving markets in North America, Europe, and Asia, addressing the need for secure and efficient digital asset management in these regions.Fordefi generates revenue primarily through its subscription-based model for its MPC wallet services. Clients enter into partnerships to leverage Fordefi's technology, which includes tailored solutions for digital asset management and DeFi trading operations. The revenue structure is built around service agreements that encompass comprehensive access to their wallet API, policy management features, and ongoing technical support. Clients often engage in B2B transactions, with institutional users relying on Fordefi to secure their operations while facilitating high-volume transactions across various blockchains. By offering a robust infrastructure that supports millions in daily transaction volume, Fordefi solidifies its position in the market, with specific pricing plans structured around client needs and the scale of operations.Fordefi's strategy for future growth includes the development of new products designed to enhance their MPC wallet capabilities, with targeted launches expected in 2026. The company also plans to expand its reach into emerging markets in Southeast Asia and Latin America by 2027, aiming to establish a stronger presence in these regions. The recent funding from the Add-on round will enable Fordefi to advance its product offerings and support its expansion plans, particularly focusing on integrating their operations with Paxos' regulated infrastructure to enhance institutional asset tokenization and on-chain transaction management.

## Funding rounds

- Seed, Feb 13, 2024, $10M — Paxos Trust Company, LLC, Electric Capital, Alchemy Capital Partners
- Seed, Nov 8, 2022, $18M — Lightspeed Venture Partners, Digital Currency Group, Pantera Capital, Illuminate Financial, Nima Capital, Electric Capital, StarkWare Industries Ltd., Castle Island Ventures, PayPal Ventures, Alameda Research Ventures, DeFiance Capital, Jump Crypto

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Seed
- Nima Capital — Seed
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed
- StarkWare Industries Ltd. — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- DeFiance Capital — Seed
- Jump Crypto — Seed
- Paxos Trust Company, LLC — Seed
- Alchemy Capital Partners (https://capitalatlas.ai/funds/alchemy-capital-partners) — Seed