- Further Ventures announced that it has led a $16 million investment round in French fintech company Dfns.
- Dfns was founded in 2020 and provides technology that allows developers to build and manage digital asset wallets.
- The company is planning to provide solutions to banks planning to trade cryptocurrencies or entities wishing to launch stablecoins.
Further Ventures, a venture capital firm backed by the Abu Dhabi Investment Authority, has led a Series A funding round in French crypto wallet technology company ‘Dfns.’
The round included participation from prominent investors such as White Star Capital, Hashed, Semantic, Techstars, and Motive Partners. This investment comes at a time of a noticeable increase in deals within the digital assets sector.
Dfns works on providing a world-class infrastructure amid the increasing demand for better transaction management. It also aims to help large enterprises integrate cryptocurrency wallets into their operations.
A Pool of Options in the Digital Asset Market
Institutional investors are increasingly interested in the digital asset market. Dfns is ready to capitalize on this current trend with its wallet technology.
As global financial institutions explore crypto-related services, Dfns’ is investing in banking security, aligning with traditional financial systems and meeting the demands of the rapidly evolving digital asset space.
When the value of crypto assets increases, so does the scrutiny and risks associated with them. Many companies are choosing Dfns’ as a trusted partner to benefit from its secure and transparent blockchain wallet infrastructure.
This infrastructure has helped the company build relationships with high-profile clients, including Fidelity, Zodia Custody (Standard Chartered), and Tungsten Custody (ADQ).
The recent series A investment is expected to help the company accelerate the distribution of its multichain wallet infrastructure in 2025.
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