Dfns, a digital wallet infrastructure provider and partner of technology giant IBM, has launched an identity-verified Web3 wallet solution by integrating Concordium's Layer 1 (L1) blockchain.
Concordium’s privacy-preserving identity layer is now part of Dfns’ Wallet-as-a-Service (WaaS) platform, the companies announced Wednesday in a joint statement shared with Cointelegraph.
“This integration will enable financial institutions and enterprises to instantly deploy a compliant, privacy-preserving wallet without having to build a complex identity infrastructure from scratch,” said Dfns CEO Clarisse Hagège.
The move follows Dfns' collaboration with IBM to launch IBM Digital Asset Haven in October. IBM Digital Asset Haven is a platform designed to help financial institutions and governments securely manage and scale their digital asset operations.
Solving the “compliance bottleneck” that hinders system introduction
Through Dfns' WaaS technology, organizations can create and manage wallets for their users without exposing them to the technical complexity or risk of seed phrase processing, Hagege told Cointelegraph.
“This, combined with Concordium’s built-in identity layer, means that every wallet can be directly and verifiably tied to a real-world identity in a way that supports regulatory compliance while protecting user privacy,” she added.
sauce: DFNS (pronounced “defense”)
The result is a simplified and compliant path for banks and fintech platforms to onboard users to tokenized assets, stablecoins, and on-chain financial services without compromising security, user experience, or trust, Harje noted, adding:
“This solves the pressing 'compliance bottleneck' that hinders organizational adoption of Web3. As global regulations tighten, enterprises are under urgent pressure to verify user identities without compromising privacy or user experience.”
USDC issuer circles between Dfns clients
Founded in 2020, Dfns has more than 130 customers in the banking, custody, tokenization and trading sectors, including Dutch bank ABN AMRO, investment firm Fidelity International, Standard Chartered's Zodia Custody, USDC (USDC) issuer Circle, and more.
A spokesperson for the platform said Dfns has integrated with about 120 blockchain networks so far, including testnet.
Concordium has established itself as a leading institutional-grade digital asset service provider, partnering with companies such as Tether-backed stablecoin company StablR.
sauce: concordia
In August 2025, Concordium also announced a strategic partnership with Spico, one of Europe's largest tokenized money market funds.
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Concordium also partners with major cryptocurrency wallet providers such as Ledger, Bitcoin.com, Safle, and Coin98.
“DFNS is the gold standard for secure, scalable wallet infrastructure, and this integration puts Concordium's built-in identity layer directly into the hands of businesses and builders looking for compliance without the complexity,” said Concordium CEO Boris Bohrer-Bilowitzki.
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