AUS
NZ
UK
CA
USA
IND
Highlights
- Dfns secured $16 million in Series A funding, led by ADQ’s venture arm.
- Focus on providing secure, multichain wallet infrastructure for institutional clients.
- Plans for global expansion in key markets, including the EU, UK, UAE, and US.
Dfns, a leading wallet-as-a-service platform for crypto assets, has successfully closed a $16 million Series A funding round. This round, led by Further Ventures—the venture arm of Abu Dhabi’s largest sovereign wealth fund, ADQ—saw significant participation from well-established investors including White Star Capital, Hashed, and Bpifrance, along with new backers such as Motive Partners and Wintermute.
Strategic Focus on Institutional Clients
In the last two years, Dfns has shifted its focus primarily toward institutional clients, acknowledging that these investors control the bulk of global liquidity. This strategic decision is aimed at advancing crypto adoption, as institutions represent a critical player in the space. Dfns continues to prioritize uncompromising bank-grade security and robust technology solutions, helping institutions navigate the complexities and growing scrutiny surrounding crypto assets.
The company’s infrastructure is designed to meet the stringent security requirements of institutional clients, ensuring trust and transparency. By positioning itself as the most secure blockchain wallet infrastructure, Dfns has become a trusted partner for key financial players in the crypto world. Notable clients of Dfns include Fidelity, Bridge (Stripe), Zodia Custody (Standard Chartered), and Tungsten Custody (ADQ), along with over 130 fintechs worldwide.
Expansion Plans and Sustainable Growth Strategy
The recent funding will support Dfns in accelerating the distribution of its multichain wallet infrastructure. The company has set its sights on expanding adoption among a range of institutions, including banks, payment services, trading platforms, tokenization projects, and government and corporate treasuries. Dfns plans to focus its expansion efforts on key markets, including the EU, UK, UAE, and US, ensuring that its innovative solutions reach a global audience.
Clarisse Hagège, CEO of Dfns, emphasized that the company’s approach is one of sustainable growth. Dfns aims to scale its operations carefully, targeting an increase in its workforce from 25 to 35 employees by the end of the year, contingent on meeting business objectives and market stability. With a clear focus on delivering bank-grade security, smarter transaction management, and enhanced user experiences, Dfns is poised to strengthen its position as a leader in the crypto infrastructure space.
As the demand for secure and reliable crypto asset management continues to rise, Dfns is well-positioned to meet the evolving needs of institutional clients and contribute to the growing adoption of crypto assets within traditional financial systems.
