#Dfns raises $16 million in funding.#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns has announced the closing of 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 owners. Founded in 2020, Dfns' technology aims to simplify the building and secure management of digital asset wallets. Its clients include Fidelity International, Zodia Custody, and others. The funds will be used to expand the team size. Dfns plans to increase its employee headcount from the current 25 to 35. Notably, Dfns had previously secured a $13.5 million seed round led by Star Capital in 2022.
Ace Hot Topic Analysis
Analysis
Paris-based crypto wallet technology company Dfns announced it has raised $16 million in funding, 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 designed to simplify the building and secure management of digital asset wallets, and has attracted clients including Fidelity International, Zodia Custody, and Bridge, the stablecoin company acquired by Stripe. The funding will help Dfns expand its team from 25 to 35 employees and further drive its business growth. Notably, Dfns had previously completed a $13.5 million seed funding round led by Star Capital in 2022. This funding round indicates investors' confidence in Dfns' technology and market potential, and reflects the continued heat 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, whose technology can help developers build and securely manage digital asset wallets more easily.
Dfns has raised $16 million in funding from investors including Abu Dhabi sovereign wealth fund ADQ, Wintermute, Motive Partners, Bpifrance and Motier Ventures.
Dfns' clients include prominent institutions such as Fidelity International, Zodia Custody and Bridge.
Dfns plans to use the funds to expand its team and continue developing its technology.