Ctrl Wallet, a prominent self-custody digital wallet provider, is actively seeking acquisition opportunities to scale its operations, according to CEO and founder Emile Dubie. The company, which was previously known as XDEFI, is currently in the process of evaluating potential buyers, with a final decision expected by January 31, 2025.
In a statement shared on X, Dubie described the decision as one of the “toughest choices” he has had to make in his career. He reflected on the company’s growth, stating, “After nearly five years of building Ctrl Wallet, we’ve made the decision to explore opportunities for the company through an acquisition.”
Despite Ctrl Wallet’s success, including becoming the highest-rated multi-chain wallet in the Chrome Store and accumulating over 650,000 users, Dubie acknowledged that scaling to compete with larger players in the market would require significant support. He noted that the wallet remains unique for its features, such as full gas abstraction with USDC payments, social logins, and a portfolio tracker spanning multiple blockchains.
To further fuel its growth, Ctrl Wallet has received both an acquisition offer and a merger proposal from a major decentralized exchange. Dubie has called on industry contacts and community members to help facilitate connections with potential partners who share the company’s vision and mission for the future.
This strategic move underscores Ctrl Wallet’s pursuit of greater resources to enhance its capabilities and distribution potential within the competitive crypto wallet landscape.
Related topics:
Vitalik Buterin Weighs In on AI’s Promise and Perils
Oklahoma Senator Proposes Bitcoin Freedom Act to Empower Crypto Payments
DOJ Approved to Liquidate $6.5B in Seized Bitcoin
