#Dfns raises $16 million in funding.#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns announced the completion of a $16 million funding round led by Abu Dhabi sovereign wealth fund ADQ, with other investors including market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owner. 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 scale the team, with Dfns planning to grow its employee count from 25 to 35. Previously, Dfns 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 raised $16 million in a Series A 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.Founded in 2020, Dfns develops technology to simplify the building and secure management of digital asset wallets. Its clients include Fidelity International, Zodia Custody, and Bridge, the stablecoin company acquired by Stripe last year.The new funding will be used to expand the team. Dfns plans to increase its workforce from 25 to 35 people. Notably, the company raised a $13.5 million seed round led by Star Capital in 2022.This latest funding round reflects investor confidence in Dfns' technology and future development, as well as the continued growth of the digital asset trading market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns
Financing
USD
16
Million
Indicates
the
Continued
Heating
Up
of
the
Digital
Asset
Trading
Market
,
Abu
Dhabi
Sovereign
Wealth
Fund
ADQ
Led
the
Investment
,
Showing
Institutional
Investors
's
Interest
in
Crypto
Wallet
Technology
,
Dfns
's
Technology
Can
Simplify
the
Construction
and
Security
Management
of
Digital
Asset
Wallets
,
Attracting
Clients
Including
Fidelity
International
,
Zodia
Custody
and
Others
,
Dfns
Plans
to
Expand
its
Team
Size
,
Further
Developing
its
Technology
and
Business