Fireblocks Acquires Dynamic to Boost Institutional Crypto Services

The acquisition represents a significant milestone for Fireblocks, a leading digital asset infrastructure company, as it completes its technology stack for institutional clients. According to Thursday’s announcement, the integration of Dynamic’s enterprise-focused wallet technology enhances Fireblocks’ ability to offer more robust institutional-grade services. This strategic move comes at a time when institutional adoption of digital assets like BTC and ETH continues to accelerate, creating demand for more sophisticated infrastructure solutions.

Michael Shaulov, CEO of Fireblocks, emphasized the strategic importance of the acquisition in strengthening the company’s service offerings. The integration adds significant wallet infrastructure capabilities to Fireblocks’ existing suite of institutional services, which already includes treasury management, custody options, and wallet services. This consolidation positions Fireblocks as a more comprehensive provider for institutional clients seeking enterprise-grade digital asset solutions.

Dynamic brings to Fireblocks an impressive portfolio of infrastructure supporting 50 million onchain accounts, including major industry players. Among Dynamic’s notable clients are crypto exchange Kraken and prominent Web3 companies like Magic Eden and Ondo Finance. This established client base demonstrates the robustness and scalability of Dynamic’s wallet technology, which has already been proven in enterprise environments.

The acquisition provides Fireblocks with immediate access to Dynamic’s proven wallet infrastructure, which has been trusted by some of the most significant names in the crypto industry. The integration of 50 million existing onchain accounts represents a substantial expansion of Fireblocks’ operational scale and market reach. This move significantly enhances Fireblocks’ capabilities in serving both traditional financial institutions entering the crypto space and established Web3 companies seeking more sophisticated infrastructure solutions.

The acquisition comes at a pivotal moment for institutional crypto adoption, with major assets like BTC and ETH gaining increased acceptance among traditional financial institutions. By integrating Dynamic’s wallet infrastructure, Fireblocks strengthens its position to capitalize on this growing market opportunity. The enhanced service stack now provides institutions with a more comprehensive solution for managing digital assets, from custody and treasury management to sophisticated wallet services.

For Web3 companies like Magic Eden and Ondo Finance, the acquisition means access to a more integrated suite of services through Fireblocks’ expanded platform. The consolidation of Dynamic’s technology into Fireblocks’ existing infrastructure creates a more seamless experience for institutional clients, reducing the complexity of managing multiple service providers. This integration is particularly valuable for enterprises requiring robust security, scalability, and compliance features for their digital asset operations.

The strategic acquisition positions Fireblocks to better serve the evolving needs of institutional clients in the digital assets space. With the combined capabilities of both companies, Fireblocks can now offer a more complete technology stack that addresses the full spectrum of institutional requirements, from secure custody and treasury management to advanced wallet infrastructure. This move underscores Fireblocks’ commitment to providing enterprise-grade solutions as institutional adoption of cryptocurrencies continues to mature.