Fordefi, the first MPC wallet to fully support Bitcoin DeFi, has announced it will enable support for all SIP-010 assets, including sBTC, Stacks’ long-awaited 1:1 programmable asset for Bitcoin. Through this commitment, Fordefi will provide institutional users with a secure custodial solution for accessing Bitcoin DeFi, further expanding the ecosystem's capabilities and adoption.

Fordefi has emerged as a leading institutional-grade digital asset management platform, offering a comprehensive suite of tools for secure Web3 operations. Fordefi has onboarded over 100 institutional clients and currently secures over $8 Billion per month in transaction volume.

At its core, Fordefi provides a powerful wallet platform, API and MPC SDK, enabling businesses to manage private keys, scale DeFi operations, and interact with multiple blockchains seamlessly. The platform's emphasis on security is evident through its use of MPC, transaction simulation, on-chain risk management, annual cryptographic audits, and SOC 2 TYPE 2 Certification.

"At Fordefi, we're excited to continue making Bitcoin DeFi safe and accessible for institutions,” says Josh Schwartz, CEO and Co-founder at Fordefi. “Our commitment to sBTC represents a key step in supporting the growth of institutional adoption within the Bitcoin ecosystem. Together, we’re providing secure, scalable solutions that empower institutional investors to engage with the rapidly evolving Bitcoin DeFi space and unlock its full potential."

Beyond security, Fordefi distinguishes itself with a proprietary browser extension and a range of additional user-friendly tools and a range of additional tools. The multi-chain browser extension is a user-friendly wallet designed to seamlessly connect users to dApps across supported blockchain ecosystems. It offers features such as transaction simulation, smart contract verification, and allowance management, ensuring enhanced security and control. This combination of robust security measures and practical functionality positions Fordefi as a comprehensive solution for institutions looking to navigate the complexities of digital asset management in the evolving Web3 landscape.

Fordefi’s support for sBTC is a component of the Stacks Foundation's "Best and the Brightest" campaign, which highlights leading organizations committed to supporting sBTC, Stacks’ fully programmable Bitcoin asset. This initiative showcases top entities within the Bitcoin ecosystem, underlining their dedication to enhancing the utility and accessibility of Bitcoin. By collaborating with industry leaders, the Stacks Foundation aims to educate the community on the transformative potential of sBTC and its vital role in fostering a robust Bitcoin economy.

This post is commissioned by Stacks and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.

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