#Crypto wallet company Dfns raises $16 million in funding#
Hot Topic Overview
Overview
Dfns, a crypto wallet technology company, has announced the completion of a $16 million funding round led by ADQ, Abu Dhabi's sovereign wealth fund. Other investors include market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group. 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 new funds will be used to expand the team, with Dfns planning to grow its workforce from 25 to 35 employees. Previously, Dfns raised a $13.5 million seed round led by Star Capital in 2022.
Ace Hot Topic Analysis
Analysis
Dfns, a crypto wallet technology company, has announced the completion of a $16 million funding round led by ADQ, the Abu Dhabi sovereign wealth fund. Other investors included market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group. Founded in 2020, Dfns has developed technology aimed at simplifying the building and secure management of digital asset wallets, providing developers with convenience. The company has established partnerships with institutions such as Fidelity International and Zodia Custody and plans to use the funding to expand its workforce from its current 25 employees to 35. Notably, Dfns completed a $13.5 million seed round led by Star Capital in 2022. This latest funding round demonstrates investor confidence in Dfns' technology and growth prospects, reflecting the ongoing growth trend in the crypto wallet market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company focused on encryption 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 ADQ, the Abu Dhabi sovereign wealth fund, market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group.
Dfns's clients include well-known institutions such as Fidelity International, Zodia Custody and Bridge, a stablecoin company acquired by Stripe.
Dfns plans to use the funds to expand its team and further develop its technology.