Key Takeaways

• Privy is a New York-based crypto wallet infrastructure provider, founded in 2021, that simplifies integration of self-custodial and external wallets into apps via a single API, supporting multiple blockchains like Ethereum, Solana, and Bitcoin, and enabling seamless user onboarding and secure transaction signing.

• It utilizes Trusted Execution Environments (TEEs) and distributed key sharding for robust security, ensuring only rightful owners access wallets, and offers features like cross-chain compatibility, automated gas management, and granular policy controls for managing transactions and custody models.

• Privy currently powers over 75 million accounts for 1,000+ teams, with $40 million in funding, including a $15 million round led by Ribbit Capital in 2025, and was acquired by Stripe to enhance crypto-fiat integration, aiming to boost mainstream blockchain adoption.

Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.

What Is Privy?

Privy is a crypto wallet infrastructure provider that simplifies the integration of self-custodial and external wallets into applications across multiple blockchains, including Ethereum, Solana, Bitcoin, and more. 

Through its developer-friendly APIs and SDKs, Privy enables seamless user onboarding, secure transaction signing, and wallet management, supporting over 75 million accounts and billions in transaction volume for 1,000+ teams, including platforms like Hyperliquid and Blackbird. 

Its security architecture leverages trusted execution environments (TEEs) and distributed key sharding to ensure user control and privacy, while features like cross-chain compatibility, automated gas management, and customizable UI components make it a versatile solution for DeFi, gaming, and fintech applications. 

Acquired by Stripe in June 2025 to enhance its crypto strategy, Privy continues to operate independently, driving mainstream blockchain adoption.

Privy Founders

Privy was established by Henri Stern and Asta Li, two entrepreneurs with deep roots in the blockchain and technology sectors. Their vision was to simplify the complexities of crypto wallet integration, making blockchain technology more accessible to mainstream users and developers. By creating tools that allow seamless integration of crypto wallets into applications and websites, Privy has positioned itself as a key player in bridging traditional finance and digital assets. The company, initially launched as Horkos Inc., has grown rapidly, supporting over 75 million accounts and 1,000 developer teams by mid-2025, and was acquired by Stripe in June 2025 to further enhance its crypto infrastructure offerings.

Henri Stern, the co-founder and CEO of Privy, has been instrumental in shaping the company’s mission to make crypto wallets the gateway for onboarding mainstream users into the blockchain ecosystem. Before founding Privy, Stern worked at Protocol Labs, a prominent organization in the blockchain space known for developing decentralized technologies like IPFS and Filecoin. His experience there provided him with a strong foundation in blockchain infrastructure and a clear understanding of the technical challenges in making crypto user-friendly. Stern’s leadership has driven Privy’s focus on creating developer tools, such as software development kits (SDKs) and APIs, that allow businesses to integrate crypto wallets without forcing users to navigate complex external wallet systems like MetaMask. In interviews, Stern has emphasized the importance of reducing friction in crypto adoption, stating that Privy aims to make digital assets feel “simple, intuitive, and instant” for users. His strategic vision has also guided Privy through significant funding rounds, including a $15 million raise in 2025 led by Ribbit Capital, and the eventual acquisition by Stripe, which he sees as a step toward merging crypto and fiat systems seamlessly.

Asta Li, the other co-founder, brought her technical expertise and entrepreneurial drive to Privy, complementing Stern’s vision with her engineering background. Prior to Privy, Li was one of the early engineers at Aurora, a blockchain protocol focused on scaling Ethereum applications. Her experience in building scalable blockchain solutions gave her critical insights into the developer pain points that Privy seeks to address. Li’s contributions have been pivotal in designing Privy’s embedded wallet technology, which allows developers to create self-custody wallets integrated with familiar login flows like email or SMS, eliminating the need for users to manage external wallets or seed phrases. Her work has helped Privy scale to support billions in transaction volume across platforms like OpenSea, Farcaster, and Blackbird. Li, alongside Stern, has expressed a shared belief in the potential of combining crypto and traditional financial systems, a vision that aligned closely with Stripe’s goals, as noted in their joint statement following the acquisition: “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.”

Both founders’ prior connections with Sequoia Capital, a key investor in Privy, played a significant role in the company’s early success. Stern’s friendship with Sequoia partner Shaun Maguire and Li’s relationship with Josephine Chen gave the firm strong conviction to lead Privy’s seed round in 2021, when embedded wallets were still a theoretical concept. Their ability to foresee the importance of seamless on-chain experiences has been validated by Privy’s rapid growth and its appeal to major players like Stripe. The founders’ complementary skill sets—Stern’s strategic leadership and Li’s technical prowess—have enabled Privy to address a critical need in the crypto space: making wallets accessible and secure for developers and end-users alike. As part of Stripe, Stern and Li are poised to continue shaping the future of digital finance, leveraging Stripe’s resources to scale Privy’s infrastructure and reach a global audience.

Privy Funding Round

The company raised $15 million in a funding round led by Ribbit Capital on March 19th, 2025, with participation from existing investors like Sequoia Capital, Paradigm, BlueYard, and Coinbase, bringing its total funding to over $40 million.

This capital is aimed at doubling its 25-person team within 18 months and enhancing its technology to streamline crypto wallet connectivity, eliminating complexities like seed phrases and gas fees.

How To Participate In The Privy Airdrop?

Just like Newton and WalletConnect, Privy is also a Wallet-as-a-Service (WaaS) provider. The only difference is that Privy doesn’t have a token “yet”.

To join:

👉 STEP 1: Head over to https://home.privy.io/login and click “Get started”.

👉 STEP 2: Log in with your email address.

👉 STEP 3: Enter the confirmation code from your email inbox.

👉 STEP 4: Track your activities and funds.

👉 STEP 5: Connect all your socials.

👉 STEP 6: Keep an eye on official announcements and hope for the best!

Final Thoughts

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