Badge Raises $17.1 Million to Build Wallet Infrastructure for Digital Asset Companies

Badge, a startup building wallet infrastructure for Web3 and digital asset platforms, has raised $17.1 million in a funding round to accelerate growth of its secure, scalable wallet orchestration platform. The round was led by a16z Crypto with participation from a16z Growth, Galaxy, Marathon Digital, and Associa Ventures, positioning Badge as a key infrastructure layer for companies launching custodial and non-custodial wallets, token-enabled products and programmable finance features. Badge’s technology enables firms to deploy compliant wallets with built-in multi-party key management, transaction orchestration and treasury controls — reducing the complexity of building and securing crypto wallet experiences from scratch.

The fresh capital will support product expansion, regulatory compliance tooling, and go-to-market growth as demand surges for secure yet flexible wallet infrastructure across exchanges, fintechs, NFT platforms, gaming ecosystems and decentralised services. Badge aims to differentiate from both legacy wallet SDKs and bespoke engineering solutions by combining enterprise-grade security, modular APIs and governance workflows that align with institutional risk and audit requirements while still enabling API-first developer interfaces.

Key Highlights

• $17.1 M funding: Badge secures $17.1 million in a round led by a16z Crypto.
• Investor base: Participation from a16z Growth, Galaxy, Marathon Digital, Associa Ventures and others.
• Wallet infrastructure focus: Platform enables creation and management of custodial and non-custodial wallets.
• Security & compliance: Built-in multi-party key management and governance suited for enterprise use.
• Use cases: Targeting exchanges, fintechs, Web3 apps, gaming platforms, NFT services and regulated financial apps.
• API-first approach: Modular APIs support rapid developer integration.

What Badge’s Platform Does

1. Wallet Creation & Orchestration

Badge provides developers and companies with:

• Custodial and non-custodial wallet templates
• Multi-party key management for enhanced security
• Transaction orchestration and settlement tooling
• Support for major chains and token standards

This enables businesses to launch wallet experiences without building complex blockchain logic or key infrastructure themselves.

2. Security & Compliance Tools

Rather than relying on disparate SDKs, Badge incorporates:

• Multi-party key control and governance workflows
• Compliance workflows and permissioning
• Audit trails and reporting interfaces
• Role-based access and treasury controls

These features support institutional risk requirements while also complying with regulatory expectations around custody and transaction oversight.

3. Developer-Friendly APIs

Badge is built with an API-first philosophy, allowing developers to:

• Integrate wallets into web, mobile and backend systems
• Orchestrate transactions and batching
• Customize UX while leaving crypto plumbing to the platform
• Scale across users and geographies

This reduces time-to-market compared with bespoke wallet builds.

Why This Matters

1. Growth in Wallet-Powered Apps

As digital asset adoption expands beyond speculative trading into areas like payments, token incentives, loyalty tokens, gaming economies, and NFTs, demand for robust wallet infrastructure rises. Many startups and digital asset platforms lack the expertise or resources to build secure wallet solutions in house, making infrastructure partners like Badge attractive.

2. Institutional-Grade Security and Governance

Wallet infrastructure for retail-facing apps versus institutional apps can look very different. Badge targets use cases where multi-party control, governance workflows and audit readiness are critical — making it suitable not just for crypto-native companies but also regulated fintechs and platforms seeking liability-aware wallet solutions.

3. Developer Velocity and Composability

API-first infrastructure allows engineering teams to focus on product experiences while outsourcing secure wallet operations — including key management, transaction orchestration, fee optimisation and auditing — to Badge. This composable stack aligns with broader trends in fintech, Web3 and embedded finance.

Market and Competitive Context

Wallet infrastructure remains a competitive space, with offerings ranging from blockchain-specific node-and-wallet services to broader custody and key-management systems. Badge’s emphasis on enterprise security, governance and modular APIs positions it alongside platforms like Fireblocks, BitGo, Onchain Custodian and SDK-centric vendors, while its investor backing indicates confidence in its approach to combining developer experience with institutional controls.

Investor interest from groups like a16z Crypto and Galaxy signals belief in wallet orchestration as a core layer underpinning the next generation of digital asset products — especially as Web3 transitions from niche adoption to mass market and regulated use cases.

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