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Fireblocks, a digital asset infrastructure company, announced on Thursday that it has acquired Dynamic, an enterprise-focused wallet provider.
The integration of Dynamic’s technology stack into Fireblocks adds the company to a suite of institutional-grade services that include treasury management, escrow capabilities and wallet services, according to reports Thursday. notification.
Dynamic provides the wallet infrastructure for 50 million onchain accounts, including those for crypto exchange Kraken and Web3 companies such as Magic Eden and Ondo Finance, according to Fireblocks. Michael Shaulov, CEO of Fireblocks, said:
“Together, we now offer something the industry has never had: a complete package for onchain finance, from escrow to consumer, all on one secure and scalable platform.”
The Fireblocks team said the acquisition comes on the heels of the rapid adoption of stablecoins and “favorable” crypto-regulations that are managing institutional adoption digital assets.
Related: Fireblocks partners with Galaxy, Bakkt to expand cryptocurrency custody for institutions
Institutions on board following the regulatory pivot in the United States
Institutional adoption of cryptocurrencies increased after the election of Donald Trump in the United States in 2024 and the regulatory pivot led by the Trump administration.
Under previous administrations and the former leadership of the Securities and Exchange Commission (SEC), there were institutional investors hesitant to accept cryptocurrency due to concerns about regulatory resistance.
Since Trump took office in early 2025, US lawmakers have passed the GENIUS stablecoin accountand regulators at the SEC have signaled that a comprehensive crypto market structure bill is coming.
Officials from the SEC and the Commodity Futures Trading Commission (CFTC) issued a joint report declaration in September teasing capital markets 24/7 and other crypto-derivative regulations to modernize the original financial system.
But the next wave of institutional adoption is hitting roadblocks as blockchain technology is still nascent and needs fine-tuning, according to Annabelle Huang, co-founder of blockchain infrastructure company Altius Labs.
Still public blockchains they have speed limits this limits institutional and mass adoption because the blockchain infrastructure cannot currently handle all the world’s financial transactions, Huang told Cointelegraph in an interview.
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