Alchemy Acquires Doormat, Taps Former Coinbase Security Lead to Power Next-Gen Smart Wallet Infra

San Francisco, CA — Alchemy is doubling down on secure smart wallet infrastructure with the acquihire of Doormat, a stealth wallet startup founded by Trevor Aron—former security lead at Coinbase and Facebook.

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The move brings one of the industry’s top key management experts into Alchemy’s core infrastructure team as the company positions itself to meet surging global demand for stablecoin-powered applications and institutional-grade wallets.

This week’s announcement comes amid a wave of strategic hires and acquisitions from Alchemy, all aimed at strengthening its developer platform across Ethereum, Solana, and emerging rollup ecosystems.
“Stablecoins are becoming the default settlement layer for the internet. Trevor’s vision and rare combination of experience make him uniquely qualified to help us build the secure, scalable wallet infrastructure financial institutions and developers need.”

Noam Hurwitz, Head of Engineering at Alchemy
From Cold Storage at Coinbase to Frictionless Wallets at Alchemy

Trevor Aron brings deep credibility to the role. At Coinbase, he architected industry-standard key management and cold storage systems securing billions in customer assets. With Doormat, he applied that expertise to build a secure trading terminal for high-frequency Solana traders—power users managing over $2 million in assets across more than $1 million in trading volume.
“At Doormat, we built infrastructure that was fast, secure, and invisible to the end-user. Now at Alchemy, we’re giving developers those same capabilities—so they can build apps that move trillions of dollars without exposing users to complexity or risk.”

Trevor Aron, Founder of Doormat
While Doormat will not continue as a standalone product, Aron’s integration into Alchemy’s smart wallet team marks a key step in expanding the platform’s support for both EVM and Solana ecosystems. The company says the move will accelerate development of wallet infrastructure that abstracts away gas fees, seed phrases, and fragmentation—making crypto-ready applications as seamless as Web2 fintech products.

Infrastructure-First Approach, Developer-First Focus

Unlike some competitors pursuing broad consumer-facing strategies, Alchemy remains laser-focused on powering the next generation of crypto applications through infrastructure. From Visa and PayPal to Circle and JPMorgan, institutions building onchain rely on Alchemy for uptime, scalability, and developer-first tools.

The addition of Trevor Aron enhances that edge—especially as enterprises explore their own rollups, stablecoin payment rails, and tokenized deposits. With smart wallets becoming the primary interface for onchain finance, security and user experience are no longer tradeoffs—they’re foundational.
“Trevor is a rare founder who understands the full stack—from cold storage to UI. He’s exactly what we need as smart wallets become the gateway to global finance.”

Noam Hurwitz, Head of Engineering at Alchemy
Alchemy’s acquisition of Doormat comes as the stablecoin market hits an inflection point. With companies like Robinhood reporting record crypto revenue and fintechs launching their own stablecoins and chains, the infrastructure to support secure, compliant, and accessible wallet experiences has become a competitive necessity.

By integrating Doormat’s security expertise and wallet design philosophy, Alchemy is ensuring developers can embed stablecoin payments, deposits, and payouts with production-grade APIs—without compromising on security or usability.

More Than an Acquisition—A Signal

This isn’t Alchemy’s first move in 2025. Recent acquisitions like HeyMint (NFT tooling) and Dexter Labs (Solana infrastructure) have expanded the platform’s reach across verticals. But the addition of Aron signals something deeper: Alchemy is reinforcing its commitment to doing infrastructure right, while others race to diversify.
“Thanks to everyone who supported Doormat,” said Aron. “I’m excited to bring that same energy to Alchemy—helping developers build faster, safer, and smarter for the world we’re heading into.”
As Coinbase pursues consumer-facing expansion through recent buys like Liquifi and Deribit, Alchemy is staying focused—equipping developers with the tools they need to power the next trillion dollars in onchain value.

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About Alchemy

Alchemy is the leading Web3 development platform, trusted by enterprises and builders to power scalable, secure, and reliable applications across chains. With a focus on rollups, developer tooling, and zero-downtime infrastructure, Alchemy supports millions of users and billions in transaction volume.

About Doormat

Doormat was a next-gen crypto wallet and trading terminal designed for professional traders, with advanced MPC wallet infrastructure, a Bloomberg-style UI, and cross-chain support for Solana and EVM networks.