Dfns – a leading wallet-as-a-service platform for crypto assets – announced it closed a $16 million Series A, led by Further Ventures (the venture arm of Abu Dhabi’s largest sovereign wealth fund ADQ). This funding round also included participation from investors such as White Star Capital, Hashed, Semantic, Techstars, and Bpifrance, alongside new backers including Motive Partners, Wintermute, and Motier Ventures.
A couple of years ago, Dfns made a strategic up-market move focusing mainly on institutional clients. And the company’s vision has remained steadfast: institutional investors have been driving crypto adoption as they have the majority share of the global liquidity.
Dfns has prioritized uncompromising bank-grade security, aligning with standard traditional financial systems and leveraging state-of-the-art technology to surpass expectations. With crypto assets gaining in value, the risks and scrutiny surrounding them grow. By positioning itself as the most secure blockchain wallet infrastructure, Dfns has become the infrastructure of choice for institutions navigating crypto and shaping its future inside finance.
Dfns has a reputation for transparency, reliability, and security, with several trust-building initiatives: industry-leading certifications, regulatory licenses, robust insurance, independent audits, and partnerships with global leaders. Some of the company’s clients include Fidelity, Bridge (Stripe), Zodia Custody (Standard Chartered), Tungsten Custody (ADQ), and 130+ fintechs worldwide.
Following the company’s $13 million seed round in 2022, the new Series A funding will enable Dfns to accelerate the distribution of its multichain wallet infrastructure in 2025. And the focus will be on expanding adoption among banks, payment services, trading platforms, investment apps, tokenization projects, government and corporate treasuries, and fund administrators, emphasizing the EU, UK, UAE, and US markets.
KEY QUOTE:
“We have a clear plan. Crypto can be unpredictable, so we’ve learned to prioritize sustainable growth over rapid expansion. We’re not looking to scale our workforce aggressively; instead, we aim to grow from 25 to 35 employees by year-end, provided we meet our targets and the market remains stable. Our focus is to deliver world-class infrastructure for our fintech clients. They demand bank-grade security, smarter transaction management, direct integrations, and better user and developer experiences. This is what we do best, and it’s what we’ll keep delivering.”
– Clarisse Hagège, CEO of Dfns
