Fordefi, an institutional MPC wallet and security platform, has raised $10 million in venture capital investment from Electric Capital, Paxos, and Alchemy, expanding its self-custodial MPC wallet offering to retail-facing platforms. Led by Electric Capital, the funding follows a previous $18 million seed round. With institutional investors like Pantera Capital, DeFiance Capital, Keyrock, and Flare Network already onboard, Fordefi seeks to enhance crypto safety through its MPC technology, offering wallet-as-a-service to various businesses for improved security and user experience.
Fordefi Raises $10M to Make Crypto Safer With Institutional-Grade Wallet to Retail-Facing Platforms
