Dfns provides a wallets-as-a-service platform that utilizes multiparty computation (MPC) and threshold signature schemes (TSS) to ensure secure key management for digital assets. The platform enables financial institutions to create, manage, and embed programmable wallets at scale, facilitating compliant and efficient crypto transactions while maintaining high security standards.
Funding
$30.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
C+2Founders
Product
Problem
Managing private keys for digital assets is complex and poses significant security risks for financial institutions, especially when scaling operations and ensuring compliance. Traditional methods often involve unsafe key storage and cumbersome transaction processes, increasing the potential for loss, theft, and regulatory violations.
Solution
Dfns provides a wallets-as-a-service (WaaS) platform that leverages multiparty computation (MPC) and threshold signature schemes (TSS) to offer secure and scalable key management for digital assets. The platform enables financial institutions and enterprises to embed programmable wallets into their applications, streamlining digital asset operations and user onboarding while adhering to stringent security standards. Dfns' unified API simplifies blockchain complexities, allowing developers to automate transaction workflows and manage digital assets across multiple blockchains with ease. The platform's key deployment service (KDS) offers flexible key deployments to meet diverse regulatory requirements, ensuring future-proof compliance.
Target Audience
Dfns primarily targets fintechs, neobanks, institutional banking providers, regulated custodians, tokenization platforms, payment processors, and treasury management services seeking secure and compliant digital asset management solutions.
Features
- Wallets-as-a-Service (WaaS) platform for instant integration of digital asset capabilities
- Wallet Entitlement Management (WEM) to import existing business and governance logics
- Key Deployment Service (KDS) for flexible key deployments to meet regulatory requirements
- Secure user onboarding with strong MFA options like passkeys, biometrics, and Yubikeys
- Support for a wide array of keys, signatures, and integrations across all blockchains
- Unified API for seamless admin experience and simplified management of blockchain complexities
- Automated transaction workflows via API with ready-made on-chain payloads
- NIST-compliant, bank-grade security with state-of-the-art cryptography and optional HSM integration
- Governance APIs for granular control over authorizations, quorums, and policies