Fireblocks Acquires Dynamic to Expand On-Chain Developer Stack

Core Insights - Fireblocks has acquired Dynamic to enhance enterprise adoption of onchain applications, creating the first complete custody-to-consumer stack in the industry [1][3] - The acquisition aims to simplify the integration of digital assets for fintechs, payment providers, and Web3 startups, allowing them to embed digital assets into their products without complex infrastructure [3] Company Overview - Fireblocks secures over $4 trillion in digital asset transfers annually and specializes in secure custody using MPC technology and a settlement network for institutions [2] - Key competitors in institutional custody and infrastructure include BitGo, Copper, Anchorage Digital, and traditional finance firms like BNY and Fidelity Digital Assets [2] Dynamic's Role - Dynamic provides developer integrations and passkey-based wallets, which will enable developers to bring their products to market more quickly and securely [4]