Fireblocks, an enterprise digital asset platform that runs more than $4 trillion in transactions annually, announced its acquisition of Dynamic, a developer platform powering more than 50 million on-chain accounts for major companies including Kraken, Zerohash, Magic Eden, Lighter, and Ondo Finance.
The acquisition unites Fireblocks’ institutional-grade custody and infrastructure with Dynamic’s consumer-facing wallet and onboarding capabilities to create the first end-to-end developer stack for building secure, scalable, on-chain products. Together, the companies aim to make it easier for fintechs, enterprises, and startups to deliver seamless, compliant blockchain experiences — from stablecoin accounts and embedded payments to DeFi trading and yield products.
Fireblocks, trusted by over 2,400 businesses and financial institutions, has long focused on custody, treasury, and settlement solutions for leading banks, exchanges, and payment providers. With the addition of Dynamic, it will expand its offering to include user authentication, wallet creation, funding integration, and embedded wallet services — bridging institutional-grade infrastructure with intuitive consumer experiences.
As blockchain adoption accelerates, driven by regulatory clarity and rising stablecoin integration, Fireblocks and Dynamic together will enable companies to build on-chain applications faster and with less complexity. Developers will gain access to passkey authentication, gasless transactions, integrated yield options, and fiat on/off ramps — all within a single secure platform.
Dynamic’s technology has already been deployed by several industry leaders. Kraken’s “Inky” uses Dynamic’s embedded wallet to enable global trading experiences without prior crypto knowledge; Zerohash leverages it for crypto and stablecoin payment flows; Magic Eden uses it for cross-chain digital collectibles trading; and Ondo Finance integrates Dynamic to connect user wallets across tokenized assets, Treasuries, and ETFs.
Following the acquisition, Dynamic’s 30-person team will join Fireblocks, bringing deep expertise in developer experience, consumer product design, Web3 authentication, and wallet technology. The combined team will continue to support Dynamic’s existing clients while integrating the platforms to deliver unified custody-to-consumer infrastructure.
KEY QUOTES
“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. 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.”
Michael Shaulov, Chief Executive Officer, Fireblocks
“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. 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.”
Itai Turbahn, Co-Founder and Chief Executive Officer, Dynamic
“We have long admired the Fireblocks team for their commitment to security, scale, and shared vision for the future of digital assets. By combining forces, we’re giving enterprises new ways to serve their customers today and into the future.”
Yoni Goldberg, Co-Founder and Chief Technology Officer, Dynamic
