Klarna teams up with wallet infrastructure provider Privy to create intuitive crypto wallet solutions, signaling growing momentum in its push to make digital assets part of everyday financial life.
The company also hinted that more developments will be announced soon, underscoring Klarna’s accelerating effort to bring crypto into the mainstream — seamlessly embedded within the daily lives of its global user base. In addition to the Privy announcement, “we are looking forward to our next announcement in a week or so. More to come”, Klarna's press release says.
In late November, Klarna launched KlarnaUSD, the company's first stablecoin, in partnership with Tempo and Bridge. The move represented a significant strategic shift for the company, marking its entry into the digital asset market and paving the way for deeper integration of Web3 capabilities.
Global digital bank and flexible payments provider Klarna has now partnered with Privy, the wallet infrastructure platform owned by Stripe, to explore and co-design wallet solutions that could power a new generation of crypto products. The collaboration focuses on usability and security — making digital asset holding and transactions as smooth as any other Klarna feature.
“Millions already trust Klarna to help them manage everyday spending, saving and shopping,” said Sebastian Siemiatkowski, CEO and co-founder of Klarna. “That puts us in a unique position to bring crypto into the financial lives of normal people, not just early adopters. The technology has matured, and with Privy we plan to build products that feel as intuitive as any other Klarna feature. This is how mainstream adoption happens: simple, safe, and part of daily life.”
According to venture firm a16z, more than 716 million consumers globally now hold cryptocurrencies, with 40–70 million transacting monthly — a number growing by roughly 10 million users a year. Klarna’s moves into digital assets position it to meet this swelling global demand with trusted, regulated infrastructure.
Privy currently powers over 100 million accounts across more than 1,500 developers, including leading crypto-native platforms such as OpenSea and Hyperliquid. The company helps orchestrate billions in monthly crypto and stablecoin transfers, providing secure, enterprise-grade infrastructure for fintechs and developers integrating digital assets.
“We’re proud to partner with world-class fintechs like Klarna, providing the secure, enterprise-ready infrastructure they need,” said Henri Stern, CEO and co-founder of Privy. “Privy aims to be the backbone for any business that wants to harness the exciting capabilities crypto and stablecoins offer.”
Klarna described the collaboration with Privy as part of a research and development initiative exploring the potential of digital asset infrastructure. Any future launches would depend on regulatory approvals across relevant jurisdictions.
The partnership reflects Klarna’s ambition to redefine how consumers engage with crypto — integrating stablecoins, wallets, and next-generation financial tools directly into its everyday commerce ecosystem.
