Paxos acquires Fordefi to power stablecoin, tokenization infrastructure
PositiveCryptocurrency

- Paxos has acquired Fordefi to enhance its infrastructure for stablecoin and tokenization, integrating Fordefi's MPC wallet technology to expand its regulated capabilities in custody and institutional on-chain operations.
- This acquisition is significant for Paxos as it strengthens its position in the cryptocurrency market, allowing for improved services in custody and tokenization, which are essential for the growing demand for secure and regulated digital asset management.
- The move aligns with Paxos' broader strategy to innovate within the stablecoin sector, particularly as it prepares to launch its new omnichain stablecoin, USDGO, across multiple blockchain networks, reflecting a trend towards multi-chain solutions in the cryptocurrency landscape.
— via World Pulse Now AI Editorial System


