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Fordefi Raises $10M for Institutional-Grade Crypto Wallet

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#DeFi
CoinDesk
108Words
Feb 12, 2024

Fordefi, a company focused on enhancing cryptocurrency security, has successfully raised $10 million to develop an institutional-grade wallet aimed at retail-facing platforms. The fundraising round saw participation from notable institutional investors including Pantera Capital, Defiance Capital, Keyrock, and Flare Network. This move is part of Fordefi's efforts to onboard these investors to its MPC wallet, which has already secured over $3 billion in blockchain transaction volume.

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