#Dfns Raises $16 Million in Funding#
Hot Topic Overview
Overview
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 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 and further develop its technology. Dfns previously completed a $13.5 million seed funding round led by Star Capital in 2022.
Ace Hot Topic Analysis
Analysis
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 has developed technology aimed at simplifying the building and secure management of digital asset wallets, and has attracted clients including Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year. The funding will be used to expand Dfns' team, which currently has 25 employees and plans to increase to 35. Notably, Dfns completed a $13.5 million seed round led by Star Capital in 2022. This recent fundraising indicates investor confidence in Dfns' technology and future development, reflecting the ongoing rise 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 received investments from renowned investment institutions such as Abu Dhabi sovereign wealth fund ADQ, Wintermute, Motive Partners, Bpifrance and Motier Ventures, indicating investors' confidence in Dfns' technology and future development.
Dfns' clients include well-known institutions such as Fidelity International, Zodia Custody and Bridge, demonstrating the reliability and market recognition of its technology.
Dfns plans to use the newly acquired funds to expand its team and further develop its technology to meet the growing needs of the digital asset market.