#Dfns Raises $16 Million in Funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns has announced the completion 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 owner. Founded in 2020, Dfns develops technology aimed at simplifying the building and secure management of digital asset wallets, with clients including Fidelity International and Zodia Custody. The funding will be used to expand the team, with Dfns planning to increase its headcount from 25 to 35. Previously, the company closed a $13.5 million seed round led by Star Capital in 2022.
Ace Hot Topic Analysis
Analysis
Paris-based crypto wallet technology company Dfns has announced the completion of a $16 million funding round led by Abu Dhabi’s 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 develops technology to simplify the building and secure management of digital asset wallets and has already provided services to institutions such as Fidelity International and Zodia Custody. The funding will be used to expand the team, which currently has 25 employees and is planned to grow to 35. Notably, Dfns completed a $13.5 million seed funding round led by Star Capital in 2022. This latest fundraising reflects investors’ recognition of Dfns’ technology and their confidence in the continued growth of the digital asset trading market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company focused on digital asset wallet technology that simplifies the process for developers to build and manage digital asset wallets.
Dfns has raised $16 million in funding from investors including ADQ, the Abu Dhabi sovereign wealth fund, market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owners.
Dfns clients include Fidelity International, Zodia Custody, and Bridge, the stablecoin company acquired by Stripe.
Dfns plans to use the funds to grow its workforce from 25 to 35 and continue to develop its technology.