Dfns builds multichain wallet-as-a-service infrastructure with a focus on bank‑grade security and direct integrations for institutional users. Two years ago the company moved up‑market to prioritize institutional clients and has since emphasized certifications, regulatory licenses, robust insurance, independent audits, and partnerships. Its client roster includes Fidelity, Bridge (Stripe), Zodia Custody (Standard Chartered), Tungsten Custody (ADQ) and 130+ fintechs worldwide. Dfns plans to accelerate distribution of its wallet infrastructure in 2025, targeting banks, payment services, trading platforms, investment apps, tokenization projects, government and corporate treasuries, and fund administrators. The company intends to expand adoption across the EU, UK, UAE and US while prioritizing sustainable growth over aggressive headcount expansion. Management plans to grow headcount from 25 to 35 employees by year-end contingent on targets and market stability. Dfns is a Parisian, Techstars-backed developer of a custodial wallet-as-a-service (WaaS) protocol that enables keyless wallets and decentralised custody. The product exposes an API designed to be deployed to custodial wallets in days and is already used by Scrypt, Polymath, and Swiss crypto bank Mt Pelerin. Dfns says it leverages MPC, ZKP-based cryptography and modern networking to merge the trustless, privacy-preserving ethos of non-custodial setups with the UX and comfort of trusted custody. The company primarily targets fintechs, banks and e-commerce platforms and plans a self-service API to broaden developer usage across video games, neobanks, music apps, trading and lending platforms. It will use the new capital to roll out keyless wallets across DeFi applications, beef up cryptography R&D programmes, and expand its staff. Since December 2020 the startup has raised approximately €13.5 million in total.

Total raised

$30M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2025