#Dfns Raises $16 Million in Funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns recently announced it has closed 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, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year. The funding will be used to expand the team, with Dfns planning to increase its workforce from 25 to 35 employees. The company previously 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 recently 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 construction and secure management of digital asset wallets, and has received recognition from prominent institutions such as Fidelity International and Zodia Custody. This funding will help Dfns expand its team size from 25 to 35, and further drive its technology development. Notably, Dfns completed a $13.5 million seed funding round led by Star Capital in 2022. This latest funding round once again demonstrates investor confidence in Dfns, and reflects the continued heating up of digital asset trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company focused on cryptocurrency wallet technology, its technology simplifies the construction and security management of digital asset wallets.
Dfns has secured $16 million in funding from investors including Abu Dhabi sovereign wealth fund ADQ, Wintermute, Motive Partners, Bpifrance, and Motier Ventures.
Dfns' clients include well-known institutions such as Fidelity International, Zodia Custody, and Bridge.
Dfns plans to use the funds to expand its team and further develop its technology.