Fireblocks Acquires Dynamic to Expand On-Chain Infrastructure

Executive Summary

Digital asset infrastructure provider Fireblocks announced on October 23, 2025, its acquisition of Dynamic, a developer platform specializing in wallet, authentication, and onboarding tools. This strategic integration aims to establish an unparalleled "custody-to-consumer" on-chain financial technology stack, significantly accelerating the adoption of digital assets and decentralized finance (DeFi) applications across enterprise and consumer sectors. The combined entity seeks to streamline the process for fintech companies, payment service providers, and Web3 startups to embed digital assets into their products, facilitating seamless user experiences from stablecoin accounts to complex DeFi transactions.

The Event in Detail

The acquisition of Dynamic by Fireblocks was reported on October 23, 2025. Fireblocks, known for securing over $4 trillion in digital asset transfers annually with its Multi-Party Computation (MPC) technology, has expanded its offering to encompass consumer-facing digital asset infrastructure. Dynamic, founded in 2022, provides essential tools for developers, managing over 50 million on-chain accounts for various industry leaders. While the official acquisition cost was not disclosed, reports unofficially estimate the deal at $90 million. Dynamic had previously secured $21 million in funding, including a $13.5 million Series A round in December 2023, led by a16z crypto and Founders Fund. Following the acquisition, Dynamic's 30-person team will integrate into Fireblocks, bringing specialized expertise in consumer product design, developer experience, Web3 authentication, and wallet technology. This integration is designed to bolster Fireblocks' platform, creating a comprehensive developer toolkit that simplifies embedding digital assets into any application, including user onboarding, authentication, embedded wallets, wallet connections, and funding integrations.

Market Implications

This acquisition is poised to significantly impact the digital asset market by bridging the gap between institutional-grade security and consumer-friendly on-chain experiences. The creation of a "custody-to-consumer" stack positions Fireblocks as a foundational layer for enterprise adoption of Web3 solutions. The move enables businesses to build and scale on-chain products with enhanced speed and security, reducing the technical overhead traditionally associated with integrating digital assets. This development is expected to accelerate the proliferation of stablecoin accounts, decentralized finance trading, and yield-earning opportunities within mainstream financial applications. The strategic rationale mirrors a broader industry trend of integrating crypto infrastructure into traditional financial systems, as seen with Coinbase's acquisition of Echo for on-chain capital formation and Modern Treasury's purchase of Beam for stablecoin infrastructure, facilitating instant value transfer.

Expert Commentary

Michael Shaulov, CEO of Fireblocks, emphasized the transformative nature of the acquisition, stating, "The combined entity now offers an unparalleled full on-chain financial technology stack, from custody to consumer solutions, truly empowering the next generation of Web3 applications and institutions." He further articulated that the move creates "the complete stack for on-chain finance, from custody to consumer." Itai Turbahn, CEO of Dynamic, highlighted the foundational role of their platform, noting that its ability to simplify integration mirrors the impact of earlier fintech enablers such as Twilio and Plaid, suggesting a similar trajectory for on-chain development.

Broader Context

The Fireblocks-Dynamic acquisition underscores a growing confidence among institutions in the maturity and potential of digital asset infrastructure. It signifies a strategic focus on expanding the utility and accessibility of on-chain applications for both corporate and retail participants. This trend is further evidenced by partnerships such as NU Blockchain Technologies and Dream Payments, who are modernizing corporate treasury and international payments with yield-bearing stablecoins. These developments indicate a clear market trajectory towards accelerated institutional and corporate integration of digital assets, expanding the overall market and user base by offering secure, compliant, and programmable stablecoin frameworks. The focus on robust compliance frameworks aims to mitigate historical concerns, fostering greater acceptance among corporate finance teams and potentially broadening the appeal of programmable money solutions globally.

source:

[1] Digital Asset Infrastructure Company Fireblocks Acquires Developer Platform Dynamic - TechFlow (https://www.techflowpost.com/newsletter/detai ...)[2] Fireblocks Acquires Dynamic (https://example.com/fireblocks-acquires-dynam ...)[3] Fireblocks Bolsters Web3 Ecosystem with Strategic Acquisition, CEO Michael Shaulov Highlights Integrated Stack - The Block (https://www.theblockcrypto.com/post/260123/fi ...)

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