#Dfns raises $16 million in funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns announced it has closed 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 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 company Bridge, which was acquired by Stripe last year. The funding will help Dfns expand its workforce from 25 to 35 employees. The company previously raised $13 million 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 aims to provide developers with more convenient and secure digital asset wallet building and management technologies. Its clients include Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year. The funding will help Dfns increase its headcount from 25 to 35 and further expand its business. Notably, Dfns completed a $13.5 million seed funding round led by Star Capital in 2022. This funding round demonstrates investor confidence in Dfns' technology and future growth prospects, reflecting the continued heating up of digital asset trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company that focuses on digital asset wallet technology, its technology can simplify the construction and security management of digital asset wallets.
Dfns has attracted investment from a number of well-known investment institutions, including ADQ, the Abu Dhabi sovereign wealth fund, indicating that the market is confident in the company's technology and development prospects.
Dfns's clients include well-known institutions such as Fidelity International and Zodia Custody, proving that its technology has been recognized by the market.
Dfns plans to use the new round of financing to expand its team size and further develop its technology and business.