#Dfns raises $16 million in funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns has closed a $16 million funding round led by Abu Dhabi sovereign wealth fund ADQ. Other investors include market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owner. Founded in 2020, Dfns develops technology that makes it easier for developers to build and securely manage digital asset wallets. Its clients include Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year. The funding will be used to grow the team, with Dfns planning to increase its headcount from 25 to 35. The company raised $13 million in 2022.
Ace Hot Topic Analysis
Analysis
Paris-based crypto wallet technology company Dfns has recently closed a $16 million funding round led by Abu Dhabi sovereign wealth fund ADQ, with other investors including market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owners. Founded in 2020, Dfns develops technology aimed at simplifying the building and secure management of digital asset wallets. The company already counts Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year, among its clients. The funding will help Dfns expand its workforce from 25 to 35 employees and further develop its technology. Notably, Dfns completed a $13.5 million seed round led by Star Capital in 2022. This latest funding demonstrates investor confidence in Dfns' technology and future growth, and reflects the continued heating up of digital asset trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company focused on digital asset wallet technology, its technology can help developers build and manage digital asset wallets more easily.
Dfns has raised $16 million in funding, led by Abu Dhabi sovereign wealth fund ADQ, other investors include Wintermute, Motive Partners, Bpifrance and Motier Ventures.
Dfns's clients include well-known institutions such as Fidelity International, Zodia Custody and Bridge.
Dfns plans to use the funds to expand its team and continue developing its technology.