US-based payment processing company Stripe has been planning to acquire Privy, a crypto wallet infrastructure provider. The acquisition aims to expand Stripe’s Web3 capabilities further.
At the time of writing, neither Stripe nor Privy disclosed the deal amount. However, on June 11, 2025, Privy confirmed the acquisition via a tweet. This move aligns with Stripe’s strategy to integrate blockchain technology and tools into mainstream digital products.
Privy develops embedded wallets for apps and websites, reducing the need for users to sign up for external crypto wallets. The company’s technology is used by several organizations, including Hyperliquid, Blackbird, and Toku, among others, to improve onboarding and minimize user drop-off.
Since its launch in 2021, Privy has made significant progress. As of now, the company supports over 75 million accounts across more than 1,000 teams, facilitating transactions between wallets, apps, and users.
According to Privy, despite the acquisition, the company will operate independently but will be integrated into Stripe’s suite of crypto tools. By joining Stripe, Privy can accelerate its work on optimizing the crypto landscape and offer new capabilities to customers.
Stripe’s Entry into the Crypto Industry
The acquisition of Privy is the second deal with a crypto company for Stripe in 2025. Earlier this year, in February, Stripe successfully completed a transaction with Bridge. Through this move, both companies aimed to scale digital dollar capabilities and offer them to businesses worldwide, irrespective of their location.
This acquisition aligns with Stripe’s focus on the digital asset sector, which has been six years since the firm included crypto-related services in its offerings. Following this deal, Stripe began building a new USD stablecoin product for companies based outside the US, UK, and Europe.
The strategy was intended to expand the footprint of the USD globally for customers and businesses.
