Markets
Fordefi and Pintu revolutionize the Indonesian cryptocurrency market with Pintu Web3
Fordefi and Pintu have unveiled the launch of Pintu Web3, a platform based on 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 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 alerts of risk. 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 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-custodial wallets to end users. The combination of Fordefi’s MPC portfolio and its comprehensive blockchain connectivity infrastructure differentiates it from other WaaS providers.
Improve security and usability for retail investors
Fordefi CEO Josh Schwartz highlighted the importance of security in driving Web3 adoption among retail investors. Schwartz noted that the lack of adequate security measures has been a major impediment to Web3’s growth. Using Fordefi’s security infrastructure, trusted by sophisticated institutions, retail platforms like Pintu can provide new cryptocurrency investors with intuitive access to dApps and protocols, along with essential tools for secure Web3 adoption .
Fordefi’s extensive experience in the cryptocurrency industry and deep understanding of DeFi underpin its commitment to offering tailored solutions that prioritize security and usability. Fordefi works 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 yet secure DeFi experience through their mobile application.
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 cryptocurrencies and Web3 for Indonesian users by 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 trust among users and promote wider adoption of Web3 services. This initiative is in line 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 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. With the launch of the Pintu Web3 platform, 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, represents a significant milestone in the evolution of DeFi and Web3 services in Indonesia. Providing a secure and easy-to-use 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 exemplifies the potential of innovative partnerships in driving the adoption of cutting-edge financial technologies, ultimately contributing to a safer and more accessible financial ecosystem for all.