Since 2010, the equivalent of $150 billion in bitcoins has disappeared, and attacks on crypto wallets continue to grow exponentially. In 2022, cryptojacking attacks reached a record high of 139.3 million incidents, surpassing the 100 million mark for the first time, according to SonicWall.
This proliferation of threats underscores the need for robust solutions to protect digital assets. DFNS, a cybersecurity startup founded by Christopher Grilhault des Fontaines and Clarisse Hagège, addresses this challenge with innovative technology.
At the core of DFNS’s solution is a technology infrastructure designed to tackle the growing challenges of securing digital assets. The company leverages MPC (Multi-Party Computation), an advanced technology that fragments access keys into distributed pieces across multiple secure environments. This approach eliminates the risk of compromise from a single point of vulnerability while ensuring optimal availability and flexibility.
DFNS provides a Wallet-as-a-Service (WaaS) platform that enables fintechs and financial institutions to create, integrate, and manage multi-chain digital wallets simply and automatically. Its compatibility with major blockchains, combined with a granular governance policy management system, ensures interoperability and compliance with regulations such as the EU DORA and US FISMA.
Security is further enhanced through features like:
- Biometric authentication and passkeys: to prevent key losses and protect user access.
- Secure backup and recovery mechanisms: allowing clients to restore their keys in case of an incident without compromising confidentiality.
- A multi-tier API: offering simplicity for standard transfers and full control for complex transactions, such as interactions with smart contracts.
With 99.95% guaranteed availability and processing capabilities of up to 10 signatures per second, DFNS combines performance, stability, and resilience. These technical strengths make it a powerful tool for businesses seeking to secure and manage their digital assets while minimizing risks and complexity.
The DFNS SaaS product is trusted by clients such as Scrypt, Polymath, and Mt Pelerin, a licensed Swiss crypto bank. Sébastien Krafft, CTO of Mt Pelerin, emphasizes, “DFNS provides one of the most secure and easily integrable technologies. Their responsiveness to our needs has been exemplary.”
Series A to accelerate international growth
DFNS recently secured €15 million in a Series A funding round led by a group of investors, including WINTERMUTE VENTURES, WHITE STAR CAPITAL, SUSQUEHANNA INTERNATIONAL GROUP (SIG), SEMANTIC VENTURES, MOTIVE PARTNERS, and MOTIER VENTURES.
