#Crypto wallet company raises $16 million in funding#
Hot Topic Overview
Overview
Dfns, a crypto wallet technology company, announced today that it has raised $16 million in a funding round led by ADQ, an 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' technology aims to simplify the building and secure management of digital asset wallets. Its clients include Fidelity International and Zodia Custody.The new funding will be used to expand the team. Dfns plans to grow its workforce from 25 to 35 employees.Previously, Dfns raised $13.5 million in a seed round led by Star Capital in 2022.
Ace Hot Topic Analysis
Analysis
Paris-based crypto wallet technology company Dfns recently announced the closing of a $16 million funding round led by ADQ, the Abu Dhabi sovereign wealth fund. Other investors include market maker Wintermute, Motive Partners, Bpifrance and Motier Ventures, the family office of Galeries Lafayette Group owners. Founded in 2020, Dfns has developed technology aimed at simplifying the building and secure management of digital asset wallets, with clients including Fidelity International, Zodia Custody and Bridge, a stablecoin company acquired by Stripe last year. The funding will help Dfns expand its team from 25 to 35 and further develop its technology. Notably, Dfns raised $13.5 million in seed funding led by Star Capital in 2022. This latest funding round signals investors’ confidence in Dfns’ technology and future prospects, reflecting the continued heat in digital asset trading and the growing demand for secure and reliable crypto wallets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto wallet technology company Dfns has raised $16 million in funding, indicating that the warming of digital asset trading has attracted the attention of venture capitalists.
Abu Dhabi sovereign wealth fund ADQ led the Dfns funding round, demonstrating institutional investor recognition and investment willingness in crypto wallet technology.
Dfns' technology can help developers build and securely manage digital asset wallets more easily, providing infrastructure support for the crypto industry.
Dfns plans to use the new funds to expand its team, further develop its technology and expand its business.