Stripe acquires crypto wallet infra provider, Privy

Stripe’s boldest move into crypto is acquiring the wallet infrastructure startup Privy. This acquisition positions the payments giant to blur the boundaries between fiat and digital money, thereby challenging the flow of value across the internet.

Stripe is acquiring crypto wallet infrastructure startup Privy, a developer-focused crypto wallet provider, as it seeks to knit digital assets more tightly into its payments platform.

The acquisition marks one of Stripe’s most significant moves in crypto to date. It comes as the fintech giant expands its ambition beyond traditional payments into a space where fiat and crypto blur and where digital wallets are central to the future of online value exchange.

Privy, which launched just three years ago, will continue to operate as a standalone product under Stripe. The deal promises faster shipping, tighter integrations, and wider product reach for developers building with crypto.

Privy will keep serving its existing user base, but with Stripe’s backing, it plans to go faster and build better.

Privy provides a single API that allows developers to spin up secure wallets, sign transactions, and integrate on-chain systems without forcing users off-platform. Its technology supports well over 75 million accounts and over 1,000 developer teams, powering billions of dollars in on-chain transactions.

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The startup’s clients include Hyperliquid, Toku, Blackbird, and Farcaster, and a host of many other projects that range from on-chain social graphs to digital tipping platforms for restaurants.

According to Privy, the Stripe acquisition is about alignment of vision: “From our earliest conversations with the Stripe team, we were impressed by their intensity, dedication to craft, and willingness to envision new worlds.”

Stripe’s acquisition also signals a broader shift. The company, once focused squarely on fiat rails, is now acknowledging crypto’s infrastructure potential.

“Digital ownership and the financial systems that run the modern world are intersecting as never before. Stripe believes in the power of bringing crypto and fiat closer together, marrying these systems so deeply that the distinction becomes almost meaningless.”

The terms of the deal were not revealed.