MAGIC LABS
Enterprise-grade wallet infrastructure
About MAGIC LABS
Magic Labs provides wallet-as-a-service infrastructure for developers to embed non-custodial crypto wallets into applications via passwordless authentication (email, social login, SMS, passkeys). Founded in 2018 as Fortmatic and rebranded to Magic in 2020, the company has provisioned over 57 million wallets for 18,000+ apps, serving 200,000+ developers. Notable clients include Polymarket, Picnic, Immutable, HashPack, and Mattel. Polymarket processed $3B in transaction volume on election night 2024 using Magic infrastructure. The company enables white-label wallet experiences with customizable UI matching brand identity. Magic supports 30+ blockchains including EVM, Solana, and Bitcoin, with stablecoin payment infrastructure processing $10B+ in volume. The company holds SOC 2 Type 2, ISO 27001:2022, HIPAA, CCPA, and GDPR certifications. Total raised is $82.9M across 4 rounds, including $52M Series B in May 2023 led by PayPal Ventures with participation from Northzone, Cherubic Ventures, and Tiger Global.
Key Infrastructure
Embedded Wallets
Non-custodial wallets embedded in apps via email/social login, eliminating seed phrases and browser extensions. Supports web, iOS, Android, React Native, Flutter.
Server Wallets
Enterprise server-side wallet management via Core API with AWS Nitro TEE security and key sharding. Express API for streamlined JWT-based wallet management.
Stablecoin Payments
API for stablecoin payouts, batch disbursements, automated transfers. Powers $10B+ stablecoin volume with Polymarket as key partner.
Newton Protocol
Policy protocol for pre-transaction compliance (AML/KYT, OFAC, wallet risk scoring). Integrates with Magic infrastructure for compliance enforcement.
Wallet Kit
Pre-built authentication components including email OTP, social logins, external wallet integration. No custom UI components required.
Additional Features
Passwordless Authentication
Users can log in using email OTP, SMS verification, or social logins via Google, Apple, GitHub, with support for passkeys and SSO integrations.
White-Label UI
Fully customizable wallet widgets that match brand identity with complete control over colors, fonts, layouts, and visual elements.
Sub-second Latency
Industry-leading 50-100ms latency for wallet creation and transaction signing operations.
Massively Scalable
Built to handle millions of signatures per minute with automatic scaling capabilities.
Multi-chain Support
Supports over 30 blockchain networks including Ethereum, Polygon, Solana, Bitcoin.
Fiat On-Ramp Integration
Built-in fiat-to-crypto conversion allowing users to purchase stablecoins and cryptocurrencies directly within the application.