Fireblocks, a leading provider of digital asset infrastructure, has acquired development platform Dynamic, aiming to accelerate enterprise adoption of on-chain applications by offering a complete “custody-to-consumer” solution.
The acquisition combines Fireblocks’ institutional-grade security with Dynamic’s user-friendly authentication and wallet tools. This integrated approach seeks to simplify how fintechs, payment providers, and Web3 startups incorporate digital assets into their products. Services will range from stablecoin accounts to decentralized finance (DeFi) commerce, eliminating the need for complex infrastructure development.
Michael Shaulov, Fireblocks CEO, stated that this offers the industry “the complete stack for on-chain finance, from custody to consumer.” The financial terms of the acquisition were not disclosed, and Fireblocks declined to provide specific details on the agreed amount.
This strategic move underscores Fireblocks’ intent to bridge institutional security with Web3 innovation. The company currently secures over $4 trillion in annual digital asset transfers. It relies on secure multi-party computation (MPC) technology and a dedicated settlement network for financial institutions.
Dynamic’s platform, utilized by companies such as Kraken, Magic Eden, and Ondo Finance, specializes in developer integration and passkey-based wallets. These solutions are designed to improve security and ease of access for Web3 applications. Dynamic co-founders Itai Turbahn and Yoni Goldberg noted the partnership would enable faster, more secure product development for user-focused crypto experiences.
Fireblocks operates in a competitive landscape, facing off against major players like BitGo, Copper, and Anchorage Digital. Traditional financial entities such as BNY Mellon and Fidelity Digital Assets are also expanding their digital asset custody services. The company envisions this integration as a flexible infrastructure to transition traditional financial services toward decentralized and programmable models.