Cryptocurrency wallet Dfns completes $16 million financing, led by Abu Dhabi sovereign wealth fund ADQ

according to Bloomberg, Paris-based cryptocurrency wallet technology company Dfns has completed a $16 million financing round, led by the Abu Dhabi sovereign wealth fund ADQ, with other investors including market makers Wintermute, Motive Partners, Bpifrance, and the family office Motier Ventures, owner of Galeries Lafayette Group.

Dfns, founded in 2020, has developed technology that allows developers to more easily build and securely manage digital asset wallets. Its clients include Fidelity International, Zodia Custody, and the stablecoin company Bridge, which was acquired by Stripe last year. The startup plans to expand its workforce from the current 25 to 35 employees, having previously raised $13 million in 2022.