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 funding across one round from 12 investors, with Lightspeed Venture Partners identified 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 engaging with 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's advanced MPC key management capabilities aim to prevent single points of failure, while policy management tools enable users to establish custom workflows for protection against internal and external vulnerabilities. Fordefi operates within the Business Software sector, serving the financial services industry with a focus on Web3, digital wallets, and blockchain transactions.

Strategic signal

Fordefi was acquired by blockchain unicorn Paxos in November 2025 for over $100 million. This acquisition validates Fordefi's innovative MPC wallet and security platform, signaling strong market demand for robust institutional-grade solutions in the decentralized finance (DeFi) space. For investors, this event demonstrates a successful exit strategy and highlights the increasing consolidation and maturation within the blockchain and Web3 infrastructure market.

Company Intelligence Q&A

When was Fordefi founded and by whom?

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

What is Fordefi's primary product?

Fordefi's primary product is an institutional multi-party computation (MPC) wallet and security platform built for firms transacting on decentralized applications across blockchains.

When was Fordefi acquired and by which company?

Fordefi was acquired by Paxos in November 2025.

Which investors participated in Fordefi's funding round?

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

What is the employee count for Fordefi?

Fordefi operates with 11–50 employees.