Stripe To Acquire Startup Privy After $1.1B Bridge Deal To Power Over 75M Crypto Wallets For OpenSea, Coinbase Ventures, And Web3 Giants
Summary
Stripe plans to acquire Privy to strengthen its Bitcoin and digital asset strategy. Privy builds embedded crypto wallet infrastructure that lets developers add wallets directly into apps and websites. The company supports more than 1,000 developer teams and over 75 million active accounts, with customers including OpenSea, Hyperliquid, Toku, and Farcaster. Stripe says Privy will remain a standalone product after the deal, which follows its earlier Bridge acquisition. The transaction extends Stripe’s push into crypto infrastructure and developer tools.
Classifications
industries
Fintech & Banking
applications
Governance, risk and compliance
AskAI Classifications
Labels
Wallet Infrastructure Software
FinTech Infrastructure
Developer Tools
