#Dfns Raises $16 Million in Funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns announced recently that it has completed 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 develops technology that makes it easier for developers to build and securely manage digital asset wallets. Its clients include Fidelity International and Zodia Custody. The funding will be used to expand the team. Dfns plans to increase its staff from 25 to 35. Previously, Dfns completed a $13.5 million seed funding round led by Star Capital in 2022.
Ace Hot Topic Analysis
Analysis
Paris-based crypto wallet technology company Dfns recently announced the completion of a $16 million funding round led by Abu Dhabi sovereign wealth fund ADQ. Other investors included market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owner.Founded in 2020, Dfns has developed technology aimed at simplifying the building and secure management of digital asset wallets. It has already secured clients including Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year.The funding will be used to expand Dfns’ team size, which is expected to grow from 25 to 35 employees. Notably, Dfns had previously completed a $13.5 million seed round led by Star Capital in 2022.The completion of this financing demonstrates investors' confidence in Dfns' technology and future development, reflecting the continued warming trend 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 securely manage digital asset wallets more easily.
Dfns raised $16 million in funding led by ADQ, Abu Dhabi's sovereign wealth fund, with other investors including market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owner.
Dfns' clients include Fidelity International, Zodia Custody and Bridge, a stablecoin company acquired by Stripe last year.
Dfns plans to expand its workforce from 25 to 35 people and will continue to grow its business in the future.