Fordefi

Company Overview

Snapshot

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

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 insights into transactions, translates smart contracts, simulates transactions, and independently verifies dApp names. The platform features advanced MPC key management to prevent single points of failure and robust policy management for custom workflows, protecting against internal and external vulnerabilities. Fordefi serves the financial services industry within the Business Software sector, focusing on Web3, digital wallets, blockchain, and transaction security.

Strategic signal

The acquisition of Fordefi by blockchain unicorn Paxos in November 2025 for over $100 million signals significant validation of Fordefi's institutional DeFi wallet and security platform. This strategic move highlights the growing demand for secure and compliant infrastructure in the decentralized finance space and positions Fordefi's technology to scale within a larger, established blockchain ecosystem, indicating strong market confidence in its offerings.

Company Intelligence Q&A

What was a significant recent corporate development for Fordefi?

In November 2025, Fordefi was acquired by blockchain unicorn Paxos for over $100 million, marking a major exit for the company.

When was Fordefi founded and by whom?

Fordefi was founded in September 2021 by Josh Schwartz, Dima Kogan, and Michael Volfman.

How much capital has Fordefi raised?

Fordefi raised $18M across one funding round.

Which investors participated in Fordefi's funding round?

In November 2022, Fordefi secured funding from investors including Lightspeed Venture Partners.

What is Fordefi's primary product offering?

Fordefi offers an institutional multi-party computation (MPC) wallet and security platform designed for firms to securely transact on decentralized applications across various blockchains.