- Stripe has acquired crypto wallet infrastructure provider Privy in a move to deepen its digital assets strategy
- Privy will continue operating as an independent product within the Stripe ecosystem
- The acquisition strengthens Stripe’s ability to offer developers integrated wallets and crypto payment tools
Stripe has acquired Privy, a startup specializing in embedded crypto wallets, as part of its broader push into digital assets. The deal allows Privy to remain an independent product under the Stripe umbrella, while giving the payments giant a stronger foothold in crypto infrastructure. By combining wallet services with payment rails, Stripe aims to simplify on-chain access for both users and developers.
Stripe Broadens Its Crypto Reach
Privy, a New York–based firm known for enabling in-app crypto wallets without relying on tools like MetaMask, has been brought under Stripe’s expanding crypto division following the deal. While financial details were not disclosed, the deal follows Stripe’s earlier acquisition of stablecoin-focused startup Bridge, underscoring the company’s growing investment in blockchain-based financial tools. Rather than absorbing Privy outright, Stripe will let it continue independently, allowing developers to keep building with familiar tools while benefiting from Stripe’s reach and infrastructure.
Privy, founded in 2021 by Henri Stern and Asta Li, offers an API that helps developers integrate secure, user-friendly wallets directly into applications. With over 75 million user accounts and a client list that includes OpenSea, Blackbird, Farcaster, and others, Privy has supported billions in blockchain transactions.
CEO Henri Stern explained that crypto wallets are “powerful but inaccessible for all but the most technical” and that “Developers had to send users off-platform to onboard, which killed user conversion.” Stripe’s acquisition aims to remove that friction.
Stripe Responds to Increased Crypto Demand
Stripe sees Privy as a critical piece of its future-facing strategy, alongside its stablecoin initiatives. Co-founder John Collison recently noted growing interest from banks in stablecoin integration, while CEO Patrick Collison praised Privy’s vault technology as “the world’s best programmable vaults.” The acquisition is set to close in the coming weeks and will allow Stripe to offer a complete toolkit for developers looking to build in Web3, combining wallet access, fiat onramps, and payments in one streamlined platform.
1/ Today, we’re proud to announce that Stripe is acquiring Privy.
We couldn’t be more excited.
Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users. pic.twitter.com/8CHJqhqYy7
— Privy (@privy_io) June 11, 2025
