Fordefi: Institutional-Grade MPC Wallet Platform

Fordefi has established itself as a leading institutional-grade MPC wallet platform, notably being among the first to offer native Solana integration alongside traditional EVM chain support. The platform combines institutional-grade security features with DeFi-specific functionality, having facilitated over $3 billion in transaction volume to date. Recently securing $10M in additional funding led by Electric Capital, Fordefi offers comprehensive wallet solutions including smart contract verification, transaction simulation, and their new Wallet-as-a-Service (WaaS) offering. Their platform is SOC 2 Type II certified and has garnered significant institutional adoption, including partnerships with major players like Pantera Capital and DeFiance Capital.

What Makes Fordefi Stand Out

Fordefi distinguishes itself in the institutional wallet space through its purpose-built approach to DeFi security and functionality. Unlike traditional custody solutions that primarily focus on asset storage, Fordefi has developed a comprehensive platform that enables institutions to actively participate in DeFi while maintaining institutional-grade security standards.

The platform's native support for Solana represents a significant advancement for institutional DeFi participation on the network. Through their proprietary multi-chain browser extension, users can seamlessly interact with Solana protocols while benefiting from the same level of security and transaction clarity they receive on EVM chains.

Ben Sparango, Head of Business Development at Solana Foundation, highlighted the importance of this development: "As tokenization continues to proliferate and mature, it will be imperative to have infrastructure products like the Fordefi platform that enable institutions to efficiently and intuitively manage their assets."

Key Features of Fordefi's Platform

Multi-Chain Browser Extension

Fordefi's browser extension provides a unified interface for interacting with DeFi protocols across multiple chains, including Solana. This eliminates the need for multiple wallet extensions and creates a consistent user experience across different blockchain networks. The extension includes built-in security features such as smart contract verification and transaction simulation, providing institutional users with necessary security controls while maintaining operational efficiency.

Transaction Simulation and Verification

The platform's transaction simulation capability stands out as a crucial feature for institutional users. Before executing any transaction, Fordefi simulates its effects and presents the results in clear, understandable language. This includes detailed breakdowns of token movements, contract interactions, and potential risks. For Solana transactions specifically, the platform provides comprehensive visibility into program interactions and account changes.

Granular Policy Engine

Fordefi's policy engine enables institutions to implement sophisticated control frameworks for their DeFi operations. Administrators can set detailed rules based on transaction types, amounts, protocols, and user roles. The policy engine is particularly valuable for Solana DeFi interactions, where the unique architecture of the blockchain requires specialized security considerations.

How to Use Fordefi

Setting Up Institutional Wallets

Getting started with Fordefi involves a structured onboarding process designed for institutional requirements. Organizations begin by creating a workspace and configuring their security settings, including MPC key generation and backup procedures. The platform supports role-based access control, allowing institutions to assign different levels of authority to team members.

For Solana-specific setup, institutions can configure dedicated vaults for Solana assets while maintaining unified policy controls across all supported chains. This ensures consistent security standards regardless of the blockchain network being used.

Interacting with Solana DeFi

Fordefi's platform streamlines interactions with Solana DeFi protocols through its native integration. Users can connect to Solana dApps directly through the Fordefi browser extension, with all transactions automatically subjected to the platform's security checks and policy controls.

The platform provides real-time transaction analysis specific to Solana's architecture, helping users understand program interactions and account changes before approving transactions. This includes verification of program addresses against Fordefi's database of known protocols.

Security and Risk Management

MPC Architecture

Fordefi employs a sophisticated MPC (Multi-Party Computation) architecture that eliminates single points of failure in private key management. The system distributes key shares between the user's device and Fordefi's secure infrastructure, with both parties required to participate in transaction signing.

Josh Schwartz, CEO and Co-founder at Fordefi, explains: "Our goal is to make DeFi seamless and secure for institutions and connectivity is a critical piece of that experience. Users don't want different extensions for each chain on which they interact."

Audit and Compliance

The platform has achieved SOC 2 Type II certification from Ernst & Young, demonstrating its commitment to maintaining rigorous security standards. Regular security audits and penetration testing ensure the platform remains resilient against emerging threats.

The Team Behind Fordefi

Fordefi was founded by veterans in crypto custody, cybersecurity, and financial services. The leadership team includes:

• Josh Schwartz (CEO & Co-founder) - Former COO at Curv (acquired by PayPal) and VP of Sales at BitGo
• Michael Volfman (VP R&D & Co-founder)
• Dima Kogan (CTO & Co-founder)

The team's experience in both traditional finance and crypto infrastructure has shaped Fordefi's approach to institutional DeFi security.

Roadmap and Future Development

Recent Developments

Fordefi has recently launched their Wallet-as-a-Service (WaaS) offering, enabling enterprises to embed secure wallet functionality into their applications. This development represents a significant step toward broader institutional adoption of DeFi.

Upcoming Features

The platform continues to expand its support for new protocols and chains, with ongoing development focused on enhancing Solana integration features and expanding institutional DeFi capabilities. Future developments include advanced analytics tools and expanded protocol coverage.

Institutional Adoption and Partnerships

Fordefi has secured partnerships with major institutional players in the crypto space, including:

• Pantera Capital
• DeFiance Capital
• Keyrock
• Flare Network

These partnerships demonstrate the platform's growing adoption among institutional DeFi participants and validate its security-first approach to digital asset management.

Getting Started with Fordefi

Institutions interested in using Fordefi can begin by scheduling a demo through their website. The onboarding process includes:

1. Security assessment and configuration
2. Team member training on platform features
3. Custom policy setup and implementation
4. Integration with existing operational workflows

For Solana-specific implementations, Fordefi provides dedicated support to ensure smooth integration with existing institutional processes while maintaining security standards.