Fireblocks, a company specializing in digital asset infrastructure, announced its acquisition of Dynamic, an enterprise wallet provider, to enhance its service offerings for institutional clients.
The integration of Dynamic’s technology strengthens Fireblocks’ portfolio, enabling it to deliver enhanced treasury management, custody solutions, and wallet services as detailed in their recent announcement.
Dynamic currently supports wallet infrastructure for approximately 50 million onchain accounts, catering to leading entities like the cryptocurrency exchange Kraken and Web3 firms such as Magic Eden and Ondo Finance. Fireblocks’ CEO, Michael Shaulov, noted:
“Together, we now offer something the industry has never had: the complete stack for onchain finance, from custody to consumer, all on one secure, scalable platform.”
Image from Fireblocks
Source: Fireblocks
Fireblocks has indicated that this acquisition aligns with the surge in stablecoin adoption and favorable regulatory conditions that are encouraging institutional engagement with digital assets.
Institutional Adoption Grows Post-Regulatory Shift
The institutional embrace of cryptocurrency has accelerated following the 2024 election of Donald Trump and the subsequent regulatory changes led by his administration. Previously, many institutional investors were reluctant to enter the crypto space due to regulatory concerns.
Since the beginning of Trump’s tenure in 2025, the passage of the GENIUS stablecoin bill and indications from the SEC about forthcoming comprehensive crypto regulations signal a shift in this trend.
Officials from the SEC and the Commodity Futures Trading Commission (CFTC) recently released a joint statement implying advancements in the regulatory framework for crypto derivatives, aiming to modernize the existing financial system.
However, challenges remain for the next phase of institutional adoption, as noted by Annabelle Huang of Altius Labs. She emphasized the current limitations of public blockchains, which are not fully equipped to handle the volume of global financial transactions, which could hinder broader adoption.
Related: Fireblocks partners with Galaxy, Bakkt to expand crypto custody for institutions
Tags: #Blockchain, #Business, #Adoption, #Companies
