DeFi
Fordefi and Pintu revolutionize the Indonesian crypto market with Pintu Web3
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. Integrating Fordefi’s Multi-Party Computing (MPC) SDK and Wallet API into Pintu Web3 provides customers with a self-custodial 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 providing institutional-grade security solutions to platforms like Pintu, ensuring the safety of individual 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 expands 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 portfolio and its comprehensive blockchain connectivity infrastructure differentiates it from other WaaS providers.
Improving security and usability for retail investors
Fordefi CEO Josh Schwartz highlighted the importance of security in driving Web3 adoption among retail investors. Schwartz pointed out that the lack of adequate security measures was a major obstacle to the growth of Web3. Using Fordefi’s security infrastructure, trusted by sophisticated institutions, retail platforms like Pintu can provide new crypto investors with user-friendly access to dApps and protocols, as well as essential tools for rapid adoption. secure Web3.
Fordefi’s extensive experience in the crypto industry and deep understanding of DeFi supports its commitment to offering tailored solutions that prioritize security and usability. Fordefi works closely with partners like Pintu to provide a secure and robust user experience. During the development of Pintu Web3, the two teams worked together to customize a solution for Pintu customers to enjoy a seamless and secure DeFi experience through their mobile app.
Expanding DeFi Accessibility in Indonesia
Jeth Soetoyo, founder and CEO of Pintu, highlighted the importance of the Pintu Web3 wallet in making DeFi more accessible to Indonesians. Soetoyo highlighted that Pintu 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 improving the accessibility and security of DeFi for retail investors in Indonesia. The platform’s robust security features, enabled by Fordefi technology, are designed to instill user confidence and promote broader adoption of Web3 services. This initiative is part of the broader goal of integrating advanced blockchain technologies into traditional financial services, thereby facilitating a more inclusive and secure financial ecosystem.
Collaborative Efforts for a Secure DeFi Ecosystem
The partnership between Fordefi and Pintu highlights 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 an important milestone in the evolution of DeFi and Web3 services in Indonesia. By providing a secure and user-friendly platform for decentralized trading, staking, gaming, NFTs and more, Pintu Web3 is poised to revolutionize the way Indonesian retail investors interact with crypto assets. The collaboration between Fordefi and Pintu illustrates the potential of innovative partnerships to drive the adoption of cutting-edge financial technologies, thereby contributing to a safer and more accessible financial ecosystem for all.