Fireblocks Unifies Security and Accessibility in $90M Dynamic Acquisition

Fireblocks, a leading digital asset infrastructure provider, has acquired Dynamic, a wallet and onboarding technology firm, in a $90 million deal to bridge institutional custody solutions with consumer-facing crypto applications. The acquisition, announced on October 23, 2025, integrates Dynamic's developer tools into Fireblocks' platform, enabling institutions to deploy secure, scalable on-chain products for retail users.

Dynamic, backed by Andreessen Horowitz (a16z) and valued at $21 million in prior funding, specializes in embedding crypto functionality into mainstream apps. Its tools streamline user authentication, wallet connections, and multi-chain support, positioning it as "Auth0 for web3," according to co-founder Yoni Goldberg. Fireblocks CEO Michael Shaulov emphasized the move creates "the complete stack for on-chain finance, from custody to consumer," unifying institutional-grade security with retail accessibility.

The deal reflects a broader industry trend of consolidation in crypto infrastructure, as firms seek to simplify web3 integration amid shifting regulations and stablecoin growth. Fireblocks, which secures over $4 trillion in annual digital asset transfers, now supports 50 million on-chain accounts for clients like Kraken and Magic Eden. Dynamic's Delegated Access feature, which automates user transactions under consented authorization, further aligns with the sector's push for embedded finance models.

The acquisition coincides with favorable U.S. regulatory developments, including the GENIUS stablecoin bill and joint SEC-CFTC efforts to define crypto derivatives frameworks. These changes have spurred institutional interest, with 76% of investors citing regulatory clarity as a top adoption factor in 2025, up from 52% in 2024. Fireblocks' expansion into consumer-facing tools positions it to capitalize on stablecoin adoption, which saw a 30% year-over-year rise in transaction volume.

Industry analysts note challenges remain, particularly in blockchain scalability. Public networks currently process only a fraction of traditional payment volumes-Bitcoin handles ~7 transactions per second versus Visa's 24,000. However, Fireblocks' integration of Dynamic's infrastructure is designed to mitigate these hurdles, enabling institutions to manage increased transaction loads efficiently.

By acquiring Dynamic, Fireblocks closes a critical gap between enterprise custody and retail onboarding. Institutions can now offer branded wallets and embedded crypto features without compromising security, a key priority after high-profile hacks like WazirX's $230 million breach. The move also aligns with competitors' strategies: Coinbase recently acquired Unbound Labs, while Consensys expanded its MetaMask ecosystem.

Fireblocks plans to roll out Dynamic's tools via its API, targeting fintechs, payment platforms, and startups. The combined platform will support gasless transactions, fiat on/off ramps, and pre-built UI components, accelerating product development cycles. Shaulov highlighted the acquisition as a "pivotal step" in maturing digital asset infrastructure, underscoring Fireblocks' ambition to dominate the custody-to-consumer value chain.