Dfns and Concordium to Deliver Compliance-Ready Institutional-Grade WaaS
Concordium blockchain will join Dfns Wallet-as-a-Service (WaaS) and become available to 130+ institutional clients.
Fintechs, neobanks, and financial institutions know their customers want blockchain services, but building them is another story. Developing a secure, compliant wallet from scratch can drain months of development time and anywhere from $30000 to even $250000+, to reach similar functionality to market leaders like MetaMask.
Dfns changes that. Their Wallet-as-a-Service (WaaS) eliminates the cost, complexity, and risk of in-house wallet development. And now integrating with Concordium, the path to launching compliance-ready, institutional-grade blockchain products will become much simpler.
The Case for Bespoke Crypto Wallets
Dfns is a leading WaaS provider serving over 130+ institutional clients. Their current customer base encompasses web2 companies like Fidelity International, ABN AMRO, IBM, but also web3 projects like Circle, Paxos, MoonPay, Renown. Having been ISO certified by KPMG, and security audited by Kudelski Security, further proves Dfns’ position as a market leader.
Selecting Concordium to join their 40+ blockchain lineup shows support for institutional grade, privacy-preserving infrastructure. This integration is characterized as Tier 1, which means full wallet functionality, including automatic discovery of user’s assets and NFTs, along with complete on-chain transfer history. Actions like sending assets, broadcasting transactions, and generating signatures are available to all using their solution.
Concordium Verify & Pay Meets Dfns Security
Dfns enterprise-secure MPC wallet infrastructure aligns with Concordium’s identity-centric blockchain. Through this partnership, builders on Concordium can manage their keys more securely, institutions can tap into compliance-ready workflows, enterprises and governmental users have an easier and safer onboarding experience.
Dfns and Concordium working together gives an opportunity to work with Concordium ID and Concordium Pay to activate ‘Verify & Pay’ features directly in the wallet. It’s an interlocking environment enabling PayFi growth.
"Partnering with Dfns marks an important step in making blockchain infrastructure usable for serious institutions," said Concordium CEO, Boris Bohrer-Bilowitzki. "Their Wallet-as-a-Service aligns with our identity-first, compliance-ready approach, enabling banks, fintechs, and public sector organizations to build blockchain products without compromising on security, privacy, or auditability."
"We’re proud to bring Concordium’s unique regulatory-ready design to our customers," added Dfns CEO, Clarisse Hagège. "As adoption of Wallet-as-a-Service accelerates and enterprises increasingly outsource wallet infrastructure to shorten time-to-market, we remain committed to supporting developers and enabling the continued progress of the digital asset ecosystem."
The Path to Institutional-Grade Adoption
Dfns’ accessible, enterprise-secure infrastructure streamlines custody and asset management solutions for institutions, removing one of the biggest blockers to large-scale blockchain adoption. Public and private sector organizations require solutions that are easy to integrate but also meet strict compliance, security and audibility standards – precisely what the Dfns-Concordium partnership will deliver.
This collaboration also accelerates the tokenization of real-world assets. By combining Concordium’s identity-first, compliance-ready blockchain with Dfns’ MPC-based WaaS platform, institutions gain a simplified, end-to-end pathway to issue, manage, and settle tokenized assets securely.
Dfns’ ongoing partnership with IBM Digital Asset Haven underscores the strength of the ecosystem. The IBM platform provides financial institutions and regulated firms with a unified environment to manage secure wallets and orchestrate transactions across multiple public and private chains. And once the integration is completed, IBM will be able to leverage Concordium as a secure and compliance-ready settlement layer.
Unlocking a PayFi Future
By combining Dfns’ already extensive blockchain and customer ecosystem with Concordium’s privacy-preserving, identity-first infrastructure, the two are delivering a genuinely institutional,future-ready solution. Making zero-knowledge proof identity verification and stablecoin payments an integral piece of WaaS offering allows for secure, seamless access to Concordium’s technology, while at the same time accelerating adoption, enabling new solution development, and giving both Web2 and Web3 a safe gateway into privacy-preserving blockchain innovation.
Dfns joins Ledger, Bitcoin.com, and many more in the growing Concordium ecosystem. Keep track of all of our integrations, partnerships and announcements by signing up to our newsletter.
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