Further Ventures, the venture arm of Abu Dhabi’s sovereign wealth fund ADQ, has led a $16 million Series A funding round for Paris-based crypto wallet technology company Dfns.
The investment, which also saw participation from Bpifrance and other investors, aims to support Dfns’ expansion in key markets, including the UAE, European Union, UK and the US.
Dfns provides wallet infrastructure enabling businesses to manage digital assets across blockchains. The company serves over 130 fintech clients globally, including institutions like Fidelity, Bridge (acquired by Stripe), and Zodia Custody (backed by Standard Chartered Bank).
This funding follows a $13 million seed round in 2022 and will facilitate Dfns’ efforts to enhance its wallet infrastructure and expand its client base in the targeted regions.
Further Ventures, backed by ADQ, launched a $200 million fund in 2022 to co-create ventures in digital assets, fintech, and supply chain sectors.
