Fordefi

Company Overview

Snapshot

Founded in September 2021 by Josh Schwartz, Dima Kogan, and Michael Volfman, Fordefi operates with 11–50 employees. The company secured $18 million across one funding round from 12 investors, with Lightspeed Venture Partners as a lead investor. In November 2025, Fordefi was acquired by Paxos.

Business overview

Fordefi provides an institutional multi-party computation (MPC) wallet and security platform designed for firms transacting on decentralized applications across various blockchains. Its core technology offers transaction insights, translates smart contracts into understandable language, simulates transactions, and independently verifies dApp names. The platform features advanced MPC key management to prevent single points of failure and policy management capabilities, enabling users to define workflows for protection against internal and external vulnerabilities. Fordefi operates within the Business Software sector, serving financial institutions in the Web3 and blockchain industries.

Strategic signal

The acquisition of Fordefi by blockchain infrastructure unicorn Paxos in November 2025 for over $100 million signals a significant consolidation within the digital asset security market. This move allows Paxos to integrate Fordefi's advanced security infrastructure and institutional wallet technology, expanding its R&D capabilities in Israel and enhancing its comprehensive digital asset management solutions for its nearly 300 financial institution customers. For investors, this demonstrates strong strategic validation for Fordefi's technology and highlights the increasing demand for robust, institutional-grade security in the evolving blockchain and DeFi landscape.

Company Intelligence Q&A

When was Fordefi acquired and by whom?

Fordefi was acquired by Paxos in November 2025.

What was the reported acquisition amount for Fordefi?

Paxos acquired Fordefi for over $100 million in November 2025, integrating Fordefi's advanced security infrastructure and institutional wallet technology to expand its R&D capabilities in Israel and enhance its digital asset management solutions.

Which investors participated in Fordefi's seed funding round?

In November 2022, Fordefi raised an $18 million seed round with participation from Lightspeed Venture Partners.

What is the primary function of Fordefi's platform?

Fordefi's platform is an institutional multi-party computation (MPC) wallet and security solution built for firms engaging in transactions on decentralized applications across various blockchains.

What are the key security features offered by Fordefi?

Fordefi's platform provides advanced MPC key management to protect against single points of failure and policy management capabilities, allowing users to create and define workflows for proactive protection against vulnerabilities.