#Dfns Raises $16 Million in Funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns recently announced a $16 million funding round led by Abu Dhabi's 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, the stablecoin company acquired by Stripe last year. The funding will be used to expand the team, with Dfns planning to increase its workforce from 25 to 35. The company previously raised $13 million 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’s sovereign wealth fund ADQ. Other investors include market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group’s owners. Founded in 2020, Dfns has developed technology designed to simplify the building and secure management of digital asset wallets and has already provided services to institutions such as Fidelity International and Zodia Custody. The funding will be used to expand Dfns' team from its current 25 to 35 employees. Previously, Dfns completed a $13.5 million seed round led by Star Capital in 2022. This fundraising indicates investor confidence in Dfns’ technology and future development, and also reflects the continued heating up of digital asset trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company focused on cryptocurrency wallet technology, its technology can help developers build and securely manage digital asset wallets more easily.
Dfns has received investment from ADQ, Abu Dhabi's sovereign wealth fund, indicating growing interest from institutional investors in cryptocurrency wallet technology.
Dfns' clients include well-known institutions such as Fidelity International and Zodia Custody, indicating that its technology has been market-proven.
Dfns plans to use the new funding to expand its team and further develop its technology.