Fordefi and Pintu have unveiled the launch of Pintu Web3, a platform powered by Fordefi’s wallet-as-a-service (WaaS) technology. This collaboration aims to bring secure decentralized finance (DeFi) and Web3 services to Indonesia’s 20 million retail investors via the Pintu trading platform. The integration of Fordefi’s multi-party computation (MPC) software development kit (SDK) and Wallet API into Pintu Web3 provides customers with a self-custody wallet, direct access to decentralized applications (dApps), and advanced security features such as transaction simulation and risk alerts. Through Pintu Web3, users can engage in decentralized trading, staking, gaming, NFTs, and airdrop farming.
Fordefi is known for delivering institutional-grade security solutions to platforms like Pintu, ensuring the safety of retail users. The platform has been rigorously tested by leading crypto institutions including Pantera Capital, Keyrock, Backed Finance, and DeBridge. Fordefi’s recent launch of its MPC SDK extends its existing MPC wallet platform, enabling exchanges, neobanks, fintech companies, and brands to offer fully integrated self-custody wallets to end-users. The combination of Fordefi’s MPC wallet and its comprehensive blockchain connectivity infrastructure differentiates it from other WaaS providers.
Enhancing Security and Usability for Retail Investors
The CEO of Fordefi, Josh Schwartz, emphasized the significance of security in promoting Web3 adoption among retail investors. Schwartz noted that the lack of adequate security measures has been a major hindrance to the growth of Web3. By utilizing Fordefi’s security infrastructure, which is trusted by sophisticated institutions, retail platforms like Pintu can provide new crypto investors with user-friendly access to dApps and protocols, along with essential tools for safe Web3 adoption.
Fordefi’s extensive experience in the crypto industry and deep understanding of DeFi underpin its commitment to offering tailored solutions that prioritize security and usability. Fordefi collaborates closely with partners like Pintu to deliver a secure and robust user experience. In the development of Pintu Web3, both teams worked together to customize a solution that enables Pintu’s customers to enjoy a seamless yet secure DeFi experience through their mobile application.
Expanding DeFi Accessibility in Indonesia
Jeth Soetoyo, the Founder and CEO of Pintu, highlighted the significance of the Pintu Web3 Wallet in making DeFi more accessible to Indonesians. Soetoyo pointed out that Pintu’s users will benefit from simplified asset management and seamless interaction within the Web3 and DeFi ecosystems. By offering a secure and user-friendly platform, Pintu aims to unlock the immense potential of crypto and Web3 for Indonesian users, providing them with a world-class platform.
Pintu Web3 represents a significant step forward in enhancing the accessibility and security of DeFi for retail investors in Indonesia. The platform’s robust security features, enabled by Fordefi’s technology, are designed to instill confidence among users and promote broader adoption of Web3 services. This initiative aligns with the broader goal of integrating advanced blockchain technologies into mainstream financial services, thereby facilitating a more inclusive and secure financial ecosystem.
Collaborative Efforts for a Secure DeFi Ecosystem
The partnership between Fordefi and Pintu underscores the importance of collaboration in advancing the DeFi and Web3 landscape. Fordefi’s commitment to security and usability, combined with Pintu’s focus on accessibility, creates a powerful synergy aimed at transforming the crypto experience for retail investors in Indonesia. As the Pintu Web3 platform rolls out, it is expected to set a new standard for secure and user-friendly DeFi services, potentially serving as a model for similar initiatives in other emerging markets.
In summary, the launch of Pintu Web3, powered by Fordefi, is a significant milestone in the evolution of DeFi and Web3 services in Indonesia. By providing a secure, user-friendly platform for decentralized trading, staking, gaming, NFTs, and more, Pintu Web3 is poised to revolutionize the way Indonesian retail investors engage with crypto assets. The collaboration between Fordefi and Pintu exemplifies the potential of innovative partnerships in driving the adoption of cutting-edge financial technologies, ultimately contributing to a more secure and accessible financial ecosystem for all.