Privy and Stripe: Bringing crypto to everyone
Henri Stern
|Jun 11, 2025
Today, we are excited to announce that Stripe is acquiring Privy.
Our commitment to our core customers remains unchanged. Privy will continue to operate as an independent product—but you can expect us to serve you better, move faster, and ship more so you can focus on your users.
We started Privy a little over three years ago to make it easy for any developer to build better products on crypto rails. Whether crypto is core to your app or simply a new layer of functionality, a good crypto product should just feel like a good product, period. By making crypto usable, we help make it useful for everyone.
Ensuring this starts with better wallets. Wallets are the essential, extensible interface for owning and exchanging value online. They deserve the same level of craft as any modern web primitive.
When we started, wallets were powerful but inaccessible for all but power users. Developers had to send users off-platform to get started, breaking flows and killing user conversion. That friction fundamentally constrained what could be built in crypto.
We built Privy to abstract away that complexity—making digital assets feel like the rest of the Internet: simple, intuitive and instant. Privy gives you one simple API, so you can securely spin up powerful wallets, sign transactions, and integrate any onchain system. Today, Privy powers over 75M accounts across 1,000+ developer teams, orchestrating billions in transactions and enabling users to earn, move, and use new assets online.
Through our work, we’ve seen a wave of builders transform their markets:
Hyperliquid, creating a new kind of trading platform
Blackbird, helping restaurants accept digital assets from loyal diners
Toku, enabling global teams to get paid in instant, digital dollars
Farcaster, building a social graph for the future, atop crypto rails
We’ve been blown away by the hundreds of teams we serve, who bring real value to their users with Privy’s stack. This is just the start.
Why Stripe
From our earliest conversations with the Stripe team, we were impressed by their intensity, dedication to craft, and willingness to envision new worlds.
Today, digital ownership and the financial systems that run the modern world are intersecting as never before. Like us, Stripe believes in the power of bringing crypto and fiat closer together, marrying these systems so deeply that the distinction becomes almost meaningless.
Joining Stripe will accelerate our work to shape this future and provide powerful new capabilities to Stripe and Privy customers alike. Together, we can change how value moves through the Internet.
Working harder for our customers
We know that good infrastructure is built by working closely with incredible teams and we remain entirely focused on serving the developers we work with. Thank you for your trust – we are honored to partner with you and grateful we can help shape your products. We’re just getting started.
We are hiring across the board.
Onward.
– Henri, Asta, & the Privy team
The transaction is subject to customary closing conditions. We expect to close in the coming weeks.
