Paxos completed the acquisition of Fordefi.

Paxos, a regulated blockchain infrastructure platform, completed the acquisition of Fordefi, an institutional-grade custody and wallet technology provider. Financial terms were not disclosed. "Fordefi has built a best-in-class wallet platform trusted by nearly 300 institutions. Joining Paxos allows us to bring our technology to an even broader audience while maintaining our focus on security, usability and innovation. Together, we will offer enterprises the unified custody and stablecoin infrastructure they need to deploy real-world digital asset use cases at scale," Josh Schwartz, Fordefi CEO.