Enterprise digital-asset infrastructure leader Fireblocks, which facilitates more than $4 trillion in digital-asset transfers annually, announced its acquisition of developer-platform provider Dynamic. The move reinforces Fireblocks’ mission to drive on-chain adoption by fintechs, payment platforms and enterprises.
Dynamic powers more than 50 million on-chain accounts for a range of clients including industry-leading exchanges such as Kraken and ZeroHash, as well as Web3-native companies like Magic Eden, Lighter and Ondo Finance.
Dynamic delivers a full suite of developer tools that embed digital-asset services ranging from user onboarding and authentication to embedded wallets, wallet connectivity and funding integrations enabling product teams to launch customized and intuitive on-chain experiences rapidly.
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Fireblocks already supports over 2,400 businesses and institutions with secure, enterprise-grade digital-asset infrastructure. With the addition of Dynamic, Fireblocks now offers a unified “custody-to-consumer” stack moving beyond institutional treasury, custody and settlement capabilities and into the realm of end-user onboarding and wallet experiences enabling businesses to build, scale and secure on-chain products more quickly.
The acquisition arrives at a critical moment: favourable regulatory developments and rapid stable-coin adoption are driving fintechs, payments firms and platforms to integrate blockchain rails. By bringing Dynamic into the fold, Fireblocks enables companies to capitalise on emerging revenue opportunities, while reducing complexity and operational risk.
“Fireblocks has spent seven years building the most trusted infrastructure for institutions – custody, treasury, compliance, and settlement for the world’s largest banks, exchanges, and payment providers,” said Michael Shaulov, CEO of Fireblocks. “Dynamic has built the most elegant wallet infrastructure for consumer-facing applications, with intuitive Web3 onboarding and multi-chain support. Together, we now offer something the industry has never had: the complete stack for on-chain finance, from custody to consumer, all on one secure, scalable platform.”
Why the Stack Matters
Fireblocks and Dynamic have merged. This brings together institutional infrastructure and consumer experiences into one platform. Users can now enjoy top-notch security. They also get easy-to-use features, all in one developer ecosystem. Developers will now have access to embedded wallets with passkey authentication, gasless transactions, pre-built UI components, integrated yield features, fiat on-/off ramps and stable-coin support.
“We’ve seen this pattern before. The ability to simplify traditionally complex infrastructure whether it’s communications with Twilio or bank connections with Plaid unlocks immense developer activity,” said Itai Turbahn, co-founder and CEO of Dynamic. “That same principle is true for crypto. Our team at Dynamic has done the same for embedding digital-asset services in any application. Now, leveraging Fireblocks’ enterprise foundations, we will expand our reach to empower product teams globally with a complete, secure and compliant stack, enabling them to get digital-asset functionality to production within days.”
Dynamic has already powered on-chain consumer experiences for some of the most forward-looking global firms:
- Kraken’s Inky platform uses Dynamic’s embedded wallet to deliver a global trading experience for tokenised assets and perpetuals, even for users new to crypto.
- ZeroHash relies on Dynamic to enable businesses to send and receive payments in crypto or stable-coins.
- Magic Eden utilises Dynamic’s user-onboarding and embedded-account functionality to let users buy, trade and pool digital collectibles around the clock, across chains.
- Lighter.xyz leverages Dynamic to reinvent perpetuals at scale, enabling global reach without prior Web3 expertise.
- Ondo Finance uses Dynamic to let users connect existing wallets across its product suite including tokenised stocks, bonds and ETFs on the Ondo Global Markets platform.
“We have long admired the Fireblocks team for their commitment to security, scale and shared vision for the future of digital assets,” added Yoni Goldberg, co-founder and CTO of Dynamic. “By combining forces, we’re giving enterprises new ways to serve their customers today and into the future.”
As part of the acquisition, Dynamic’s 30-person team will join Fireblocks bringing specialized expertise in consumer-product design, developer experience, Web3 authentication and wallet technology. The combined organisation will support Dynamic’s existing customer base while working to integrate both platforms and deliver seamless custody-to-consumer infrastructure.