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Stripe Acquires Privy to Strengthen Crypto Infrastructure Offerings
Payments giant Stripe has acquired Privy, a crypto wallet infrastructure startup, in a move that underscores its strategic return to the crypto space. The terms of the deal were not disclosed.
Founded three years ago, Privy enables developers to integrate crypto wallets directly into their products through a simple API, facilitating wallet creation, transaction signing, and seamless interaction with onchain systems. The startup currently supports more than 75 million accounts across 1,000+ developer teams, handling billions in transaction volume. Clients include platforms like Hyperliquid and Blackbird.
Privy will continue to operate as an independent product under Stripe, following the model used for stablecoin platform Bridge, which Stripe acquired for $1.1 billion earlier this year. The acquisition aligns with Stripe’s broader plan to re-establish itself in crypto infrastructure after a six-year pause from the sector.
