Dfns, a digital wallet infrastructure provider and partner of technology giant IBM, has integrated Concordium’s Layer-1 (L1) blockchain to launch an identity-verified Web3 wallet solution.
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 enables financial institutions and enterprises to immediately deploy compliant, privacy-protecting wallets without building a complex identity infrastructure from scratch,” said Clarisse Hagège, CEO of Dfns.
The move follows Dfns’ recent partnership with IBM to launch IBM Digital Asset Haven in October, a platform designed to help financial institutions and governments securely manage and scale their digital asset operations.
Solving the ‘compliance bottleneck’ that prevents institutional adoption
Through Dfns’ WaaS technology, organizations can create and manage wallets for their users without exposing them to technical complexities or the risks of dealing with a seed phrase, Hagège told Cointelegraph.
“Combined with Concordium’s built-in identity layer, this means that any wallet can be instantly and verifiably linked to a real-world identity in a way that supports regulatory compliance while maintaining user privacy,” she added.
Source: Dfns (pronounced “defense”)
The result is a simplified and compliant path for banks and fintech platforms to give users access to tokenized assets, stablecoins and on-chain financial services without sacrificing security, user experience or trust, Hagège noted, adding:
“This solves the immediate ‘compliance bottleneck’ preventing institutional adoption of Web3. As global regulations tighten, companies are under urgent pressure to verify user identities without compromising privacy or user experience.”
USDC publisher Circle among Dfns customers
Founded in 2020, Dfns has more than 130 clients across banking, custody, tokenization and trading, including Dutch bank ABN Amro, investment firm Fidelity International, Standard Chartered’s Zodia Custody and USDC (USDC) issuer Circle, among others.
A spokesperson for the platform noted that Dfns, including testnets, has been integrated with approximately 120 blockchain networks to date.
Concordium has established itself as a major digital asset service provider at the institutional level, working with entities such as Tether-backed stablecoin company StablR.
Source: Concordium
In August 2025, Concordium also announced a strategic partnership with Spiko, one of the largest tokenized money market funds in Europe.
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Concordium has also formed partnerships with major crypto 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 enterprises and builders who crave compliance without complexity,” said Boris Bohrer-Bilowitzki, CEO of Concordium.
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