Fordefi Revolutionizes Crypto Security with $10M Investment

February 20, 2024, 10:20 am
Fordefi
Fordefi
Location: United States, New York
Employees: 11-50
Founded date: 2021
Total raised: $28M
Fordefi, a crypto wallet firm, secures $10 million in funding to enhance safety in the crypto space. The company's self-custodial MPC wallet aims to protect users from hacks and DeFi risks. With support from Electric Capital, Paxos, and Alchemy, Fordefi is set to transform the industry.

Fordefi, a rising star in the crypto world, has just secured a hefty $10 million investment from top players like Electric Capital, Paxos, and Alchemy. This funding injection is set to propel Fordefi's mission to make crypto safer for all users.

The company's innovative self-custodial MPC wallet is designed to provide institutional-grade security to retail-facing platforms. By dividing private keys among multiple parties, Fordefi eliminates the risk of a single point of failure, making it harder for hackers to breach.

In a world where billions of dollars are lost to DeFi exploits and platform failures, Fordefi's solution comes as a beacon of hope for crypto investors. By offering a secure wallet-as-a-service product to exchanges, fintech platforms, and Web3 businesses, Fordefi is paving the way for a safer crypto ecosystem.

With a strong focus on user experience and security, Fordefi is changing the game for institutional access to DeFi and crypto. By providing cutting-edge tools around MPC, user policies, and transaction simulation, the company is setting new standards for safety in the industry.

The support from industry giants like Electric Capital, Paxos, and Alchemy is a testament to Fordefi's potential to revolutionize the crypto space. With over $3 billion in blockchain transaction volume already secured, Fordefi is well-positioned to lead the charge towards a more secure and user-friendly crypto landscape.

As Fordefi continues to expand its reach and onboard new clients, the company's commitment to security and transparency remains unwavering. With a focus on strengthening the Web3 ecosystem and ensuring accessibility for all participants, Fordefi is poised to shape the future of crypto security.

In a world where trust is paramount, Fordefi is building a bridge to a safer and more secure crypto future. With their innovative approach to wallet security and their unwavering commitment to user protection, Fordefi is a force to be reckoned with in the ever-evolving world of crypto.