Share this article
Stripe to Acquire Crypto Wallet Startup Privy in Bid to Expand Web3 Capabilities
Privy’s technology, used by platforms like OpenSea and Blackbird, will be integrated into Stripe’s crypto tools.
Jun 11, 2025, 4:15 p.m.
What to know:
- Stripe is acquiring Privy, a crypto wallet infrastructure provider, for an undisclosed amount.
- Privy creates embedded wallets for apps and websites, simplifying crypto onboarding and reducing user drop-off.
- The acquisition follows Stripe’s purchase of Bridge, a stablecoin infrastructure firm, and aims to make cryptocurrencies easier for developers to integrate.
Stripe is acquiring crypto wallet infrastructure provider Privy, as part of its broader plan to make blockchain tools easier to integrate into mainstream digital products.
Privy creates embedded wallets for apps and websites, sparing users from having to sign up for external crypto wallets like MetaMask. Terms of the transaction, which was first reported by Bloomberg and confirmed by Privy, weren’t disclosed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The firm’s technology is used by decentralized exchange Hyperliquid, restaurant loyalty firm Blackbird, and HR platform Toku to simplify onboarding and reduce user drop-off.
Privy revealed that since it was launched in 2021, it has grown to power over 75 million accounts across over 1,000 teams “enabling billions in transactions across wallets, apps, and users.”
The New York-based firm has raised over $40 million from investors including Paradigm, Coinbase, and Sequoia Capital, according to data from TheTie.
The acquisition comes after Stripe purchased Bridge, a stablecoin infrastructure firm, for $1.1 billion. That deal led to Stripe launching stablecoin-funded accounts, enabling businesses to hold and move funds abroad using tokens like USDC.
Privy will continue to operate independently but will be integrated into Stripe’s suite of crypto tools.The acquisition is expected to close in the coming weeks.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
