Crypto wallet technology company Dfns completes US$16 million in financing, led by Abu Dhabi sovereign wealth fund ADQ

PANews January 14 news, according to Bloomberg, Dfns, a Paris-based crypto wallet technology company, completed US$16 million in financing, led by Abu Dhabi sovereign wealth fund ADQ. Other investors include market makers Wintermute, Motive Partners, Bpifrance and Galeries Lafayette Group owner family office Motier Ventures.

According to reports, Dfns was founded in 2020. The company develops technology that allows developers to more easily 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 startup, which raised $13 million in 2022, plans to expand its headcount to 35 employees from the current 25.