CEO and Founder Emile Dubé announced that Ctrl Wallet, a leading self-custodial digital wallet provider, is actively exploring acquisition opportunities to expand its operations.
The company, formerly known as XDEFI, is in the midst of a sale, and a final decision on the winning bidder is expected by January 31, according to the British Daily Mail. a report By CoinDesk.
In a job subscriber On X, Dube reflected on the decision and called it "one of the hardest choices" to make.
“After nearly five years of establishing Ctrl Wallet, we have made the decision to explore opportunities for the company through an acquisition,” Dube wrote.
Ctrl Wallet success
Although Ctrl Wallet has achieved important milestones, including becoming the top-rated multi-chain wallet in the Chrome Store with over 650,000 users, scaling to compete with larger players requires significant support, Dube emphasized.
“Our wallet remains the only product that offers full gas extraction through USDC payments, social logins, and wallet tracking across a wide range of chains,” Dube added, highlighting the company’s innovations. Despite its achievements, Dube explained that the right partner can open new distribution channels and elevate the company's growth trajectory.
Ctrl Wallet has received an acquisition offer and merger proposal from a major decentralized exchange. Dubie also invited industry contacts and community members to help connect Ctrl Wallet with potential partners aligned with its mission.
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