Paris-based crypto wallet technology company Dfns has completed a $16 million financing led by Abu Dhabi sovereign wealth fund ADQ. Other investors include market makers Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of the owner of Galeries Lafayette Group.
Dfns was founded in 2020 and develops technology that makes it easier for developers to build and securely manage digital asset wallets. Its customers include Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe last year. The startup plans to expand its headcount from the current 25 to 35 people. It raised $13 million in 2022. (Bloomberg)