Phantom Acquires Bitski, Brings Embedded Wallets to Solana

Phantom, the leading Solana wallet, has announced the acquisition of wallet-as-a-service platform, Bitski.

Over the coming months, Phantom plans to fully integrate Bitski’s team and technology into its ecosystem. Existing Bitski products will be sunset as users transition to Phantom’s embedded wallet solutions.

While the terms of the deal were not disclosed, the acquisition has been finalized with Bitski joining Phantom’s existing team of over 80 employees.

Embedded Wallets for Simplified Onboarding

Phantom aims to make the new user experience as simple as possible by allowing sign-ups with existing web2 products, such as Apple and Google accounts, or X logins. This eliminates complex procedures, such as managing seed phrases, whilst Phantom’s tech aims to retain the high security of typical wallet solutions.

“By bringing the Bitski team to Phantom, we’re not just adding technological expertise, we’re aligning with a team that shares a common vision that users should be able to sign into web3 apps as easily as any web2 app.” said Brandon Millman, CEO of Phantom.

Raj Gokal, Co-founder of Solana, also celebrated the news, saying; “This move is going to make it so much easier for people to onboard to dApps and navigate the Solana ecosystem. Phantom is doing great work to simplify things and improve the overall user experience, and we couldn’t be happier to support their efforts.”

“This is a big step towards a future where ownership is a standard part of the internet,” remarked Donnie Dinch, Co-founder and CEO at Bitski. “We’re thrilled to continue our mission of making ownership accessible to everyone.”

Currently, Phantom is looking to work with Solana-focused developers to accelerate the development of embedded wallet technology and other beginner-friendly onboarding solutions. Interested developers are encouraged to reach out to Phantom to discuss requirements.