Stripe Acquires Privy to Accelerate the Future of Digital Ownership and Crypto Infrastructure

Stripe, a leading financial infrastructure platform for the Internet, today announced the acquisition of Privy, a provider of seamless wallet infrastructure powering over 75 million accounts across more than 1,000 development teams. The acquisition underscores Stripe’s commitment to enabling developers to build next-generation products where crypto and traditional finance converge.

Privy will continue to operate as an independent product under Stripe’s umbrella. The team remains focused on delivering best-in-class developer tools while gaining the resources to move faster, serve customers better, and scale more effectively.

Simplifying Digital Asset Access for Developers

Founded just over three years ago, Privy was created to make it easy for developers to build intuitive and powerful applications on crypto rails. From day one, the company has aimed to make digital asset products feel as seamless and familiar as any modern web experience.

Privy tackles one of the biggest challenges in crypto adoption: wallet complexity. Traditional wallets, while powerful, have historically been too cumbersome for everyday users. Privy abstracts away this friction with a simple, secure API that lets developers embed powerful wallets, sign transactions, and integrate with onchain systems—all without disrupting user experience.

Today, Privy supports billions of dollars in transaction volume and plays a critical role in enabling new forms of digital ownership. Its customers include trailblazers such as:

• Hyperliquid, reimagining digital trading platforms

• Blackbird, helping restaurants accept digital assets

• Toku, enabling global payroll in digital currencies

• Farcaster, building a decentralized social graph

Accelerating Innovation with Stripe

The collaboration between Stripe and Privy is grounded in a shared vision: enabling seamless interaction between crypto and fiat systems. Stripe’s commitment to developer experience and financial innovation makes it the ideal partner to help scale Privy’s mission.

A Continued Commitment to Developers

Privy remains deeply committed to serving its core developer audience. By joining forces with Stripe, the team will continue to build infrastructure that empowers developers to bring new financial products to life—faster and with greater reach.

To the thousands of teams building on Privy today: thank you. This next chapter will bring more tools, more support, and more momentum to the products you’re creating. We’re just getting started.