Fordefi, an institutional crypto wallet provider, has announced the launch of support for Solana protocols. This move positions Fordefi as a leading wallet option for institutions in the decentralized finance (DeFi) space. With the goal of making DeFi seamless and secure for institutions, Fordefi recognizes the importance of connectivity in the user experience. By enabling support for Solana, Fordefi aims to provide a unified solution for users interacting with different chains.

The Solana ecosystem welcomes the addition of Fordefi. Ben Sparango, Head of Business Development at Solana Foundation, highlighted the importance of infrastructure products like Fordefi in enabling institutions to effectively manage their assets in a tokenized environment.

The integration of Solana presented unique technical challenges for Fordefi. Unlike Ethereum-based DeFi, Solana operates on a distinct blockchain architecture with its own set of protocols and smart contract language. As a result, Fordefi’s team had to undertake research and development efforts to understand Solana’s technology and design their solution accordingly. The result is a secure solution that offers a great user experience.

Fordefi’s native Solana integration provides users with a browser extension compatible with both EVM and non-EVM chains. This extension offers valuable transaction insights, verifies contract addresses, and serves risk alerts in real-time. Additionally, Fordefi’s flexible policy engine allows clients to set transaction permissions based on users, dApps, and values, enhancing security measures against potential attacks.

Programmatic clients can also take advantage of Fordefi’s Solana integration through the Wallet API. This developer toolkit offers a comprehensive set of tools for secure private-key management, wallet creation, and transaction lifecycle management. With Fordefi, developers can seamlessly build and scale their Web3 projects without compromising security.

Fordefi places a strong emphasis on security and has developed an advanced MPC (Multi-Party Computation) key management and security technology stack. This mitigates the risks associated with single points of failure attacks. The company’s commitment to security is further underscored by their SOC 2 Type 2 certification from Ernst & Young.

Institutional investors recognize Fordefi’s dedication to innovation, DeFi security, and education. Arthur Cheong, CIO and Founder at DeFiance Capital, commended Fordefi for actively working to enhance the ecosystem, drive institutional adoption, and prioritize participant safety.

Founded in 2021 by crypto custody and cybersecurity experts, Fordefi is the first institutional MPC wallet and security platform built for DeFi. The company’s MPC wallet platform and Web3 gateway enable institutions to connect seamlessly with dApps across various chains while ensuring the security of digital assets. Fordefi has offices in New York and Tel Aviv.