#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 owners. Founded in 2020, Dfns’ technology aims to simplify 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 workforce from 25 to 35 people. Previously, the company completed 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 recently 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 owner. Founded in 2020, Dfns has developed 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 Dfns' team size, which currently stands at 25 employees. The company plans to increase its workforce to 35. Previously, Dfns completed a $13.5 million seed funding round in 2022 led by Star Capital. This new funding round signifies investors' confidence in Dfns' technology and future prospects, and it also reflects the continued growth 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 has raised $16 million in funding from investors including Abu Dhabi sovereign wealth fund ADQ, market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owners.
Dfns's clients include Fidelity International, Zodia Custody and Bridge, a stablecoin company acquired by Stripe last year.
Dfns plans to use the funds to increase its workforce from its current 25 to 35 and to continue developing its digital asset wallet technology.