Fireblocks' Itai Turbahn says Dynamic wallets likely power bank transfers on Fiserv

by@laurashin

Summary

In a recent interview, Itai Turbahn, co-founder of the wallet startup Dynamic, which was acquired by Fireblocks, suggested that Dynamic's wallet technology is instrumental in facilitating bank transfers through Fiserv's infrastructure. He noted that when banks move funds to one another, they likely rely on Fiserv's systems, which now incorporate Dynamic's capabilities. Although neither Fiserv nor Fireblocks have confirmed this collaboration, Fiserv is expected to announce partnerships with specific digital wallet providers before the end of the year, as it continues to expand its digital asset platform. This platform, launched on October 1, 2025, already allows banks in North Dakota to use the Roughrider Coin, a dollar-backed stablecoin, for interbank transactions.

Analysis

Fiserv: Fiserv is a major provider of banking and payments technology infrastructure used by financial institutions. It launched a digital asset platform supporting stablecoin transactions among lenders through its Commercial Center system, with Roughrider Coin as an initial use case on Solana. The company has indicated it will share details on specific digital wallet integrations before year-end. Dynamic: Dynamic provides wallet infrastructure that allows developers to embed onchain accounts into applications without requiring users to manage seed phrases or keys. Acquired by Fireblocks, its technology has been integrated into broader enterprise systems for treasury and payments operations. Co-founder Itai Turbahn noted that Dynamic wallets likely underpin certain inter-bank transfers routed through Fiserv. Fireblocks: Fireblocks specializes in secure digital asset infrastructure and tokenization services for financial institutions and payments firms. The company acquired wallet startup Dynamic in 2025 and has been expanding offerings such as a stablecoin liquidity marketplace. Executive Itai Turbahn stated that Dynamic’s technology likely powers some bank-to-bank money movements facilitated by Fiserv. Itai Turbahn: Itai Turbahn co-founded wallet startup Dynamic and now serves in a leadership role at Fireblocks following the acquisition. In a recent interview recorded around mid-October, he discussed how Dynamic’s infrastructure supports everyday financial movements, including bank transfers via Fiserv, often without users realizing crypto involvement. Stablecoin Adoption: Fiserv’s digital asset platform is enabling stablecoin-based transfers among financial institutions using existing online banking systems. Industry Partnerships: Fiserv plans to announce specific digital wallet provider relationships before year-end while expanding its digital asset platform to work with external wallets. Technology Integration: Dynamic wallet infrastructure has been paired with Fireblocks systems to enable app-level wallets alongside large-scale treasury operations.

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