Boosts Paris-Based Crypto Firm’s Global Expansion
Abu Dhabi-backed Further Ventures, the venture arm of ADQ, has spearheaded a $16 million Series A funding round in Dfns, a Paris-based crypto wallet technology firm. The funding also attracted investments from Bpifrance and other stakeholders, fueling Dfns’ expansion in markets like the UAE, EU, UK, and the US.
Investment to Drive Global Growth
This latest investment follows Dfns’ $13 million seed round in 2022. The funds will enable the company to strengthen its blockchain wallet technology infrastructure, catering to banks, payment services, trading platforms, and other financial entities. CEO Clarisse Hagège stated, “We’re not looking to scale our workforce aggressively… Our focus is to deliver world-class infrastructure for our fintech clients.”
ADQ’s Broader Vision for Tech Investment
ADQ has been actively investing in technology and innovation. In 2024, it partnered with Oman Investment Authority to launch the $180 million Jasoor Fund, targeting sectors like fintech, cleantech, and logistics. Dfns aligns with this vision, as the global demand for secure digital asset solutions continues to grow.
