Fordefi
Fordefi
Fordefi is a custody and security platform for on-chain operations offering an institutional-grade MPC wallet with built-in DeFi connectivity, governance controls and transaction policies. It lets organizations self-custody digital assets and interact with decentralized applications. Founded in 2021 in New York, it was acquired by Paxos in November 2025.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Custody model | MPC |
| Customer type | Enterprise, Fintech, Developers |
| Fund custody | Self-custody (funds in your control) |
| Supported countries | US, EEA, APAC |
| OAM Italy registration | No |
| Segment | B2B |
| Funding / solidity | Founded in 2021 (Dima Kogan, Josh Schwartz, Michael Volfman), based in New York. ~$10M raised (Lightspeed, Electric Capital, Jump Crypto, Pantera). Acquired by Paxos in November 2025. |
| MiCA / License status | Not disclosed |
Strengths
- Institutional-grade MPC wallet with native DeFi connectivity and a policy engine.
- Self-custody model: organizations keep control of their own assets.
- Acquired by Paxos (November 2025), a regulated blockchain infrastructure player.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- Institutional B2B service: not accessible to end consumers.
- Smaller funding and team than the leaders of the custody space.
- Pricing not public.
- No notable sovereignty drawback documented.
Verdict
Score 4.1/5, very strong profile. In its favour: institutional-grade MPC wallet with native DeFi connectivity and a policy engine. The trade-off to weigh: institutional B2B service: not accessible to end consumers.
On the Sovereignty lens the score is 3.9/5 (very strong): the strength is fund control (3.9/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use Fordefi?
No. It targets institutions, funds and platforms operating on-chain, not consumers.
Does Fordefi custody client funds?
No: it is a self-custody MPC wallet, the organization keeps control of the keys and its own assets.
Sources
- Official service page Descrizione · Prodotto Data verified on Jul 17, 2026
- coindesk.com Funding · Investors Data verified on Jul 17, 2026
- paxos.com Acquisizione paxos Data verified on Jul 17, 2026