Fordefi, the First MPC Wallet to Fully Support Bitcoin DeFi, Joins Cohort of sBTC Backers
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, trusted by institutions
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.
“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."
Josh Schwartz, CEO and Co-founder at Fordefi