Fireblocks Expands Wallet Infrastructure with Dynamic Acquisition
Fireblocks has acquired Dynamic to enhance its enterprise wallet services and offer more robust solutions to institutional clients.
Fireblocks, a company specializing in digital asset infrastructure, announced on Thursday its acquisition of Dynamic, which focuses on enterprise wallet solutions. This move aims to bolster Fireblocks’ capacity to provide institutional clients with an extensive array of services including treasury management, custody options, and wallet services.
Dynamic currently supports 50 million on-chain accounts, catering to clients such as Kraken and Web3 companies like Magic Eden and Ondo Finance. Michael Shaulov, CEO of Fireblocks, remarked:
“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.”
The acquisition is particularly timely given the swift adoption of stablecoins and favorable regulatory environments that are encouraging institutional acceptance of digital assets.
Institutions on Board Following U.S. Regulatory Changes
The recent surge in institutional interest in cryptocurrency has accelerated following the election of Donald Trump in 2024 and the regulatory changes initiated by his administration. Prior to this, under the former SEC leadership, institutional investors were reluctant to embrace crypto due to regulatory uncertainties.
Since Trump’s inauguration in 2025, significant legislation such as the GENIUS stablecoin bill has been enacted, and the SEC has indicated that a comprehensive crypto market structure bill is forthcoming.
SEC and CFTC officials released a joint statement in September, hinting at 24/7 capital markets and new rules for crypto derivatives to modernize the financial ecosystem.
Despite these advancements, challenges remain for broader institutional adoption, particularly as blockchain technology continues to develop. Annabelle Huang of Altius Labs highlighted that existing blockchain infrastructure is insufficient for the world’s financial transaction volume, presenting a bottleneck to widespread adoption.
Related Articles: Fireblocks partners with Galaxy, Bakkt to expand crypto custody for institutions
Tags: #Blockchain #Business #Adoption #Companies
