Less than 6 months after the latest edition of STATION F’s Future 40, Dfns is the first company of this cohort to raise more than 10M$. Part of STATION F’s Founders Program, the cybersecurity startup announced today a 13,5M$ raise from White Star Capital, Hashed, Susquehanna, Semantic Ventures, Coinbase, ABN AMRO Ventures, Bpifrance, Ryan Selkis, Xavier Niel and crypto.

Dfns is responding to the first roadblock to crypto mass adoption: the lack of security. The company founded in 2020 aims at bringing serenity to crypto by eliminating new blockchain risks and vulnerabilities, and making crypto transactions easier, faster, more affordable, and compliant with existing regulations. To do so, Dfns is developing a custodial wallet-as-a-service protocol for developers who need to build on top of highly secure cloud environments.

“Our goal is to merge the trustless, privacy-preserving ethos of non-custodial setups with the UX, and comfort provided by trusted custody”, explains the founder of Dfns, Clarisse Hagège. “By leveraging MPC, ZKP-based cryptography, and modern networking technology, we are today able to decentralize custody like never before and provide the best of two worlds”.

Dfns’s infrastructure is based on a keyless wallet generation process enabling businesses and financial institutions to safekeep and move any digital asset (cryptocurrency, STO, NFT, etc.) with total peace of mind. Dfns is one of the few companies to master the key sharding process which eliminates the risk of loss and theft of digital assets.

More than 100 companies and financial institutions have already joined the waitlist of Dfns and shown strong interest in their product. This seed raise will help the company to strengthen its team to cater for growing demand by recruiting 25 talents, going from 15 to 40 employees in 2022. Later this year, Dfns also intends to launch a low-cost self-service API which will enable any application developer to freely kickstart their projects (video games, neobanks, music apps, trading, and lending platforms, etc.) on a highly secure and unified wallet infrastructure.

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Watch Dfns’s pitch fro STATION F’s Future 40, 2021:

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