Abu Dhabi’s Further Ventures, backed by the ADQ sovereign wealth fund, has led a $16 million Series A investment in Paris-based crypto wallet technology firm Dfns. The move underscores the growing global interest in digital assets and blockchain innovations.
Will the Further Ventures funding fuel expansion for Dfns?
Dfns, which raised $13 million during its seed round in 2022, will use this latest funding to expand its reach across key markets, including the UAE, the EU, the UK, and the US. The round also saw participation from Bpifrance, France’s public investment bank, alongside other strategic backers.
By providing businesses with blockchain-based wallet infrastructure, Dfns positions itself as a critical player in the fintech space. Its technology enables secure management of digital assets and is designed to appeal to banks, payment services, investment apps, tokenization projects, and even government treasuries.
“We’re committed to building world-class infrastructure for our fintech clients without scaling our workforce aggressively,” said Clarisse Hagège, CEO of Dfns, emphasizing efficiency and innovation over headcount.
Further Ventures powering Fintech with cutting-edge Dfns Wallets
Dfns is redefining how institutions manage digital assets on blockchains. With their advanced wallet infrastructure, they aim to support:
- Banks and payment platforms.
- Trading and investment apps.
- Government and corporate treasuries.
- Tokenization and fund management projects.
This flexible approach makes Dfns an attractive choice for entities looking to navigate the rapidly evolving crypto landscape.
Further Ventures – Backing Innovation
Further Ventures continues to make strategic investments in high-potential tech companies, with a focus on shaping the future of finance, health tech, cleantech, and logistics. The firm also co-manages the Jasoor Fund, a $180 million initiative launched in partnership with the Oman Investment Authority. The fund aims to accelerate the digital economy by supporting ventures across emerging industries.
Crypto’s Growing Appeal
As blockchain adoption expands, platforms like Dfns are playing an essential role in enabling institutions to enter the digital asset space securely. This partnership with Further Ventures positions Dfns to drive innovation across multiple regions while supporting ADQ’s broader vision of advancing the global digital economy.
With the fresh capital and strong backing, Dfns is set to scale its solutions globally, meeting the increasing demand for robust, secure, and user-friendly digital asset infrastructure.
