Fireblocks Acquires Crypto Wallet Technology Startup Dynamic

Fireblocks Inc., the crypto company backed by Sequoia Capital and Coatue Management, bought Dynamic Labs Inc., a startup that offers software tools allowing developers to integrate digital-asset services into their apps.

The deal will allow Fireblocks to take advantage of growing demand from large consumer firms looking to offer products such as stablecoins to their customers, Chief Executive Officer Michael Shaulov said in an interview. New York-based Fireblocks is one of the largest providers of digital-asset infrastructure to large businesses, with clients including Bank of New York Mellon Corp., Revolut Ltd. and WorldPay.

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