Cryptocurrency wallet technology company Dfns raises $16 million, led by Abu Dhabi sovereign wealth fund ADQ

According to Bloomberg, Paris based cryptocurrency wallet technology company Dfns 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 owner's family office of Galeries Lafayette Group. It is reported that Dfns was founded in 2020, and the technology developed by the company 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. This startup plans to expand its workforce from the current 25 to 35 people and raised $13 million in 2022.