Fireblocks Acquires Dynamic to Boost Enterprise Wallets
Fireblocks has acquired Dynamic to enhance its enterprise wallet infrastructure. Dynamic’s wallet technology—already supporting over 50 million on-chain accounts for clients like Kraken, Magic Eden and Ondo Finance—is now integrated into Fireblocks’ platform. This deal strengthens Fireblocks’ enterprise wallet offerings by combining custody, treasury management and consumer wallet services on a secure, scalable on-chain finance stack.
The acquisition comes as stablecoin adoption accelerates and U.S. crypto regulation gains clarity, notably via the GENIUS stablecoin bill and forthcoming market structure reforms. While this move is set to boost institutional crypto adoption, experts caution that public blockchain throughput bottlenecks may still limit large-scale deployment until network infrastructure improves.
Bullish
The acquisition of Dynamic delivers a proven enterprise wallet infrastructure to Fireblocks, immediately expanding its product suite across custody, treasury and consumer wallet services. This strengthens Fireblocks’ position in the institutional crypto market, meeting rising demand driven by rapid stablecoin adoption and clearer U.S. regulations. In the short term, enhanced services should stabilize client retention and attract new institutional users. Over the long term, the end-to-end on-chain finance stack supports greater market confidence and growth, making this news broadly bullish despite potential throughput bottlenecks on public blockchains.