How Dynamic Architected Embedded Wallets at Scale

When Itai Turbahn and his college friend Yoni Goldberg tried to buy a Solana NFT airdrop on Magic Eden in 2021, the attempt fell apart. The experience required a deep understanding of wallet extensions and network mechanics, yet the transaction failed to complete. "We tried to buy some Solana NFT airdrops, and it just failed miserably," Turbahn said. "It was a terrible experience, and it was very, very clear to us that this is not the future." That frustration became the founding observation behind Dynamic, the developer-facing platform Turbahn co-founded and ran as CEO before Fireblocks acquired the company in October 2025.

The irony was not lost on the founders later. About a year and a half after that broken checkout, Dynamic ended up powering the authentication and embedded wallet experience for Magic Eden itself. Turbahn called it a full-circle moment, turning a personal consumer failure into a piece of infrastructure that now processes millions of interactions.

Late to the Game Since 2011

Turbahn and Goldberg met at the Massachusetts Institute of Technology, where they were students between 2007 and 2011. Bitcoin's white paper appeared while they were in MIT, and a distributed systems class gave them a formal reason to analyze the mechanics of decentralized ledgers. Turbahn describes himself as a crypto geek since roughly 2011, though he admits to feeling behind the technology for over a decade. "When Ethereum came out, we were like, oh, we're late to this. And when Solana came out, we said we're late to this," he said.

The two had wanted to start a company together for years and explored several ideas before settling on a sector. By 2020, the choice of cryptocurrency was no longer in question. The founders held a specific prediction: every application on a smartphone would eventually have a crypto component. What bothered them was the gap between the promise of digital assets—moving money globally in seconds at low fees—and the actual difficulty of implementation. A developer had to manage private key storage, gas fees, and RPC node broadcasting, then expose all that technical overhead to end users. Their premise was to remove these barriers. As Turbahn put it, "double-clicking on crypto is hard."

A Month Into Dynamic

The relationship between Dynamic and Fireblocks started during Dynamic's seed fundraising round in 2021. A potential investor directed Turbahn to Michael Shaulov, the CEO and co-founder of Fireblocks, for a reference call. That meeting took place only a month after Dynamic was started. The early call established that the two companies occupied different parts of the market. Fireblocks provided the underlying security and custody infrastructure for global banks and exchanges like BNY Mellon and ANZ. Dynamic concentrated on the simpler developer SDKs needed to place a wallet directly inside a consumer-facing application. Turbahn framed the eventual fit through the types of customers involved.

If you're a global bank, if you're the SoFi's, Robinhood's, or Revolut's of the world, or many others, you have to secure massive amounts of assets and transactions, and those all rely on Fireblocks infrastructure. But then if you're that same company and you want to start building in the embedded wallet space ... then you need the simple SDKs that Dynamic offers.

Three and a half years after that first reference call, Fireblocks approached Dynamic about a closer partnership. The acquisition followed on October, 2025. Dynamic continues to operate under its own brand, maintaining its existing SDKs and dashboard while integrating with Fireblocks' institutional payments and treasury tools. Turbahn compared the integration to adding text messaging to an app via a simple API, where the underlying complexity is handled by the provider rather than the developer.

Artisanal Code Writing

The engineering challenge for the team was deciding how much complexity to remove. Dynamic initially assumed developers already understood RPC endpoints and gas management. Conversations with fintech companies and payment providers like Circle and Western Union proved that assumption wrong. These companies wanted the efficiency of stablecoins for global money movement but had no interest in managing the underlying cryptography. This realization pushed the company to abstract away more features, including on-ramps, off-ramps, and recovery logic.

You have to constantly challenge the assumptions you have about what developers know about your part of the world. In your world, you live in cryptoland every day, and you think about this stuff, but no one else knows, nor should they care.

This abstraction now extends to the development process itself. The platform provides SDKs for JavaScript, Swift, Kotlin, Flutter, and React Native. Turbahn noted that developers can follow the documentation manually or point an AI agent at the guides to implement a neobank interface. He described the manual process as "artisanal code writing," contrasting it with the speed of automated implementations. Two years ago, the customer base consisted mostly of crypto-native startups. Today, it includes massive fintechs moving billions of dollars monthly for contractor payments and international remittances.