Markets
Fordefi and Pintu Revolutionize Indonesia’s Crypto Market with Pintu Web3
Fordefi and Pintu revealed 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 through the Pintu trading platform. The integration of Fordefi’s multi-party computing (MPC) software development kit (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 participate in decentralized trading, betting, gaming, NFTs, and airdrop farming.
Fordefi is known for providing institutional-grade security solutions for platforms like Pintu, ensuring the security 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 sets it apart from other WaaS providers.
Improving security and usability for retail investors
Fordefi CEO Josh Schwartz emphasized the importance of security in promoting Web3 adoption among retail investors. Schwartz noted that the lack of adequate security measures has been a major obstacle to Web3’s growth. By leveraging Fordefi’s security infrastructure, which is trusted by sophisticated institutions, retail platforms like Pintu can provide new crypto investors with easy access to dApps and protocols, along with essential tools for secure Web3 adoption.
Fordefi’s extensive experience in the crypto industry and deep understanding of DeFi underpin its commitment to offering customized solutions that prioritize security and usability. Fordefi collaborates closely with partners like Pintu to deliver a secure and robust user experience. In developing Pintu Web3, both teams worked together to customize a solution that allows Pintu customers to enjoy a seamless and secure DeFi experience through its 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 easy-to-use platform, Pintu aims to unlock the immense potential of cryptography and Web3 for Indonesian users by providing them with a world-class platform.
Pintu Web3 represents a significant step in increasing the accessibility and security of DeFi for retail investors in Indonesia. The platform’s robust security features, enabled by Fordefi technology, are designed to inspire trust among users and promote broader adoption of Web3 services. This initiative is aligned with the broader objective of integrating advanced blockchain technologies into mainstream financial services, thereby facilitating a more inclusive and secure financial ecosystem.
Collaborative efforts towards a secure DeFi ecosystem
The partnership between Fordefi and Pintu highlights the importance of collaboration in advancing the DeFi and Web3 scenario. Fordefi’s commitment to security and usability, combined with Pintu’s focus on accessibility, creates a powerful synergy destined to transform the crypto experience for retail investors in Indonesia. As the Pintu Web3 platform is implemented, it is expected to set a new standard for secure and easy-to-use 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, easy-to-use 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 to drive the adoption of cutting-edge financial technologies, ultimately contributing to a safer and more accessible financial ecosystem for all.