Transaction · Crypto / Digital Assets · 2025

Paxos / Fordefi 2025

Paxos acquired Fordefi for $100M on November 25, 2025.

Target
Fordefi
Acquirer
Paxos
Deal value
$100M
Announced
November 25, 2025
Sub-sector
Crypto / Digital Assets

Transaction overview

  • Paxos announced the acquisition of Fordefi on November 25, 2025 for $100M.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Expand regulated custody infrastructure with MPC wallet technology and DeFi integrations to serve institutional clients issuing stablecoins and tokenizing assets.

Deal terms & multiples

Deal value
$100M
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
November 25, 2025
Acquirer
Paxos (Strategic)

Frequently asked questions

How much did Paxos pay for Fordefi?

Paxos acquired Fordefi for $100M, announced on November 25, 2025.

When did Paxos announce the acquisition of Fordefi?

Paxos announced the acquisition of Fordefi on November 25, 2025.

What sub-sector is Fordefi in?

Fordefi is tracked in the Crypto / Digital Assets sub-sector.

Sources