Digital asset infrastructure firm Fireblocks has acquired Dynamic, a developer platform used by companies like Kraken, Magic Eden, and Ondo Finance to accelerate enterprise adoption of onchain applications.
The deal marks what Fireblocks calls the first full custody-to-consumer stack, combining its security infrastructure with Dynamic’s wallet, authentication and user onboarding tools, according to an email announcement Thursday.
Financial details of the acquisition have not been disclosed. Fireblocks declined to share these when contacted by CoinDesk.
Fireblocks, which secures over $4 trillion of digital asset transfers annually, specializes in secure custody using MPC technology and settlement networks for institutions.
Its key competitors in the institutional custody and infrastructure space include BitGo, Copper, Anchorage Digital, and traditional finance (TradeFi) companies such as BNY Mellon and Fidelity Digital Assets.
Fireblocks said the acquisition of Dynamic Will will help fintechs, payment providers and Web3 startups embed digital assets into their products – from stablecoin accounts to DeFi trading – without building complex infrastructure.
“Together, we now offer something the industry has never had before: the full stack from custody to consumer for on-chain finance,” Fireblocks CEO Michael Shaulov said in a statement.
Provides dynamic developer integration and passkey-based wallet. Its co-founders, Itai Turban and Yoni Goldberg, said the merger offers developers a faster, more secure path to market.