#Dfns Raises $16 Million in Funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns has announced 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. Clients include Fidelity International, Zodia Custody, and stablecoin firm Bridge, which was acquired by Stripe last year. The funding will be used to expand the team, with Dfns planning to increase its headcount from 25 to 35. Previously, Dfns completed 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, 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 owners. Founded in 2020, Dfns develops technology that simplifies the building and secure management of 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 aiming to increase its headcount from 25 to 35 employees. Previously, Dfns raised $13.5 million in a seed round led by Star Capital in 2022. This latest funding demonstrates investor confidence in Dfns' technology and future development, as well as the continued heat in the digital asset trading space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company focused on crypto 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 ADQ, the Abu Dhabi sovereign wealth fund, Wintermute, Motive Partners, Bpifrance and Motier Ventures.
Dfns's 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.