Paxos just dropped a bombshell in the crypto space. The stablecoin giant is scooping up Fordefi, a wallet infrastructure provider based out of New York, in a deal worth north of $100 million. This isn't just another acquisition—it's Paxos making a serious push into DeFi territory. Fordefi specializes in institutional-grade wallet security, which makes sense given Paxos's focus on regulated digital assets. The move signals that traditional crypto players are doubling down on self-custody solutions as institutions demand more control over their digital holdings. With regulatory clarity improving and institutional adoption ramping up, wallet infrastructure is becoming the new battleground. Paxos clearly sees the writing on the wall.