Provider Profile

Primary-source evidence reviewed 18 Aug 2026

Fordefi — institutional infrastructure research

Fordefi is an institutional digital asset custody provider founded in 2021, headquartered in New York, New York. Acquired by Paxos (a regulated, qualified custodian holding a New York Limited Purpose Trust Charter and other global licences) in 2025.

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Provider data at a glance

Unverified

CategoryWallet Infrastructure

Research statusEvidence reviewed · 2026-08-18

Regulatory evidenceInstitutional MPC self-custody infrastructure

Documented servicesMPC wallet infrastructure, Self-custody, Policy engine, Wallet-as-a-Service

Security evidencePrimary-source reviewed; see evidence snapshot

Directory regionGlobal

Directory verification confirms a provider claim and official-domain link. It is separate from editorial evidence review and is not an endorsement, safety rating or guarantee of regulatory status.

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Primary-source evidence

Evidence-reviewed provider snapshot

Last reviewed 18 Aug 2026. Unknown fields remain unknown rather than being inferred.

Evidence reviewed

Regulation / role

Fordefi explicitly positions its core platform as institutional MPC wallet infrastructure that lets customers self-custody private keys.

Security assurance

Fordefi documents MPC, hardware isolation and SOC 2 Type II assurance; customers can retain backup/signing control in self-custody deployments.

Asset protection

Key and asset control depends on deployment. Fordefi’s core institutional product states the customer remains in control of private keys.

Institutional services

Fordefi provides MPC wallets, governance/policy controls, transaction simulation and embedded wallet infrastructure for institutions and builders.

Procurement caveat: Keep Fordefi in Wallet Infrastructure. Any claim that Fordefi is the legal custodian must be tied to a separate licensed custodian or deployment model.

Primary sources

Fordefi — institutional MPC wallet ↗Fordefi — developers/self-custody and security ↗Fordefi — Wallet as a Service ↗

Source provenance: fordefi.com · reviewed 2026-08-18

Evidence coverage is not a safety rating, endorsement or investment recommendation. Regulatory permissions, service scope and contractual protections can change; buyers should confirm current documents before onboarding.

Evidence Index →Research methodology →Provider dataset →

Directory classification corrected

Custody ecosystem — self-custody / wallet infrastructure

Fordefi is retained because its technology is relevant to institutional custody architecture, but it is not classified here as the legal third-party custodian. Official materials position Fordefi as institutional MPC wallet infrastructure preserving self-custody rather than a third-party custodian.

Primary sources

Fordefi ↗Fordefi MPC security ↗

Last reviewed 17 Aug 2026. Existing URL retained to preserve reference continuity and avoid unnecessary SEO disruption.

About Fordefi

Fordefi was founded in 2021 and is headquartered in New York, New York. Acquired by Paxos (a regulated, qualified custodian holding a New York Limited Purpose Trust Charter and other global licences) in 2025. Previously operated as an independent MPC wallet platform.

Custody model and security

MPC wallet platform with built-in DeFi connectivity, robust governance and policy controls, and deep on-chain integration. Safeguards USD 120+ billion in monthly transaction volume.

Asset coverage

Digital assets across centralized and decentralized workflows, with deep DeFi protocol connectivity.

Typical client profile

Approximately 300 institutions including crypto-native firms, asset managers, and enterprises requiring secure on-chain operations.

Institutional fit

Institutions that need secure DeFi access alongside custody infrastructure, or enterprises building stablecoin and tokenization workflows on Paxos infrastructure.

Key context for buyers

Following Paxos acquisition, Fordefi operates independently while integrating into Paxos's regulated custody and stablecoin infrastructure. Founded by Dima Kogan, Josh Schwartz, and Michael Volfman.

Frequently asked questions

When was Fordefi founded?

Fordefi was founded in 2021 and is headquartered in New York, New York.

How is Fordefi regulated?

Acquired by Paxos (a regulated, qualified custodian holding a New York Limited Purpose Trust Charter and other global licences) in 2025. Previously operated as an independent MPC wallet platform.

What custody model does Fordefi use?

MPC wallet platform with built-in DeFi connectivity, robust governance and policy controls, and deep on-chain integration. Safeguards USD 120+ billion in monthly transaction volume.

Which institutions typically use Fordefi?

Approximately 300 institutions including crypto-native firms, asset managers, and enterprises requiring secure on-chain operations.

What assets does Fordefi support?

Digital assets across centralized and decentralized workflows, with deep DeFi protocol connectivity.

What should buyers know about Fordefi?

Following Paxos acquisition, Fordefi operates independently while integrating into Paxos's regulated custody and stablecoin infrastructure. Founded by Dima Kogan, Josh Schwartz, and Michael Volfman.