Fireblocks Buys a16z-Backed Dynamic for $90M to Bridge Custody and Wallet Tech
Deal Brings Wallet and Onboarding Tech Into Fireblocks’ Platform
Fireblocks, one of the leading crypto custody and settlement providers, has acquired Dynamic, a wallet and onboarding technology company backed by Andreessen Horowitz (a16z). The transaction extends Fireblocks’ business from institutional clients into consumer-facing crypto applications.
Terms were not disclosed, but a person familiar with the matter said the purchase price was about $90 million. The deal will fold Dynamic’s 30-person team and its customer base into Fireblocks, giving the New York-based firm direct exposure to the retail layer of onchain finance.
Dynamic, founded in 2022 by Itai Turbahn and Yoni Goldberg—both MIT graduates and former Juul employees—builds developer tools for embedding crypto features into mainstream apps. Its software handles user authentication, wallet connections, and login flows across multiple blockchains, effectively serving as an identity gateway for web3. Goldberg once described Dynamic as “Auth0 for web3.”
Investor Takeaway
Bridging Institutional and Retail Crypto Infrastructure
Fireblocks, founded in 2018, provides custody, settlement, and transfer , asset managers, and fintechs. Its systems secure trillions of dollars in transactions each month using multi-party computation (MPC) cryptography and hardware isolation to secureguard Secret keys. The firm’s that rely on it for regulated crypto operations.
By integrating Dynamic, Fireblocks adds an onboarding and wallet interface layer to its custody stack. That allows developers—and the banks and fintechs they work with—to create retail-facing crypto products built on top of Fireblocks’ existing security infrastructure.
“Dynamic has built the most elegant wallet infrastructure for consumer-facing applications, with intuitive web3 onboarding and multi-chain support,” Fireblocks chief executive Michael Shaulov said. “Together, we now offer the complete stack for onchain finance, from custody to consumer.”
The deal closes a gap between enterprise custody and user-facing crypto apps. For institutions, it simplifies the process of launching branded wallets and embedded crypto features, aligning with the sector’s broader move toward regulated, full-stack infrastructure providers.
Dynamic’s latest feature, Delegated Access, introduced shortly before the acquisition, lets apps automate transactions and manage user funds under consented authorization—similar to embedded finance models in traditional fintech.
Funding and Industry Context
Dynamic had raised $21 million across two funding rounds: a $13.5 million Series A in December 2023 led by a16z crypto and Founders Fund, and a $7.5 million viewd round earlier that year. Other investors include Breyer Capital, Castle Island Ventures, Circle Ventures, Hypersphere, and Solana Ventures.
The acquisition comes amid a renewed wave of consolidation in digital-asset infrastructure. As speculative trading has waned, established firms are purchaseing developer platforms that simplify web3 integration. Earlier this year, Coinbase bought security beginup Unbound Labs, and Consensys added several smaller developer projects to strengthen its MetaMask suite.
Fireblocks’ acquisition is part of the identical trend—large, well-capitalized infrastructure firms consolidating key building blocks of the crypto economy. The focus has shifted toward tools that make web3 easier to access, secure, and compliant for both retail and enterprise users.
Investor Takeaway
Integration and Next Steps
Fireblocks said the acquisition will not affect its core institutional services but will extend its product coverage “across the full transaction lifecycle.” Dynamic’s founders and team will join Fireblocks to integrate the wallet and onboarding tools over the coming months.
The company plans to make Dynamic’s features available to developers building on Fireblocks’ API and enterprise clients viewking to deploy consumer-grade crypto access points. The goal is to combine the firm’s existing institutional-grade security with Dynamic’s front-end functionality.
Fireblocks has been one of the quickest-growing infrastructure providers in digital assets, expanding from custody into tokenization, payments, and DeFi connectivity. With Dynamic onboard, the firm gains a direct bridge to end users—the piece long missing from its institutional toolkit.
The acquisition reflects a maturing market where crypto infrastructure is converging. If Fireblocks is the vault, Dynamic is the front door—and both now belong to the identical building.
