Dfns, a provider of digital wallet infrastructure partnered with tech giant IBM, has integrated Concordium’s layer-1 (L1) blockchain to introduce an identity-verified Web3 wallet solution.
Concordium’s privacy-preserving identity layer is now incorporated into Dfns’ wallet-as-a-service (WaaS) platform, as announced in a joint statement with Cointelegraph on Wednesday.
“This integration allows financial institutions and enterprises to quickly deploy compliant, privacy-preserving wallets without the need to build complex identity infrastructure from the ground up,” said Dfns CEO Clarisse Hagège.
This development follows Dfns’ recent collaboration with IBM to launch IBM Digital Asset Haven in October, aimed at enabling financial institutions and governments to securely manage and scale their digital asset operations.
Addressing the “compliance bottleneck” hindering institutional adoption
With Dfns’ WaaS technology, organizations can create and manage wallets for their users while minimizing exposure to technical complexities or the risks associated with handling a seed phrase, Hagège explained to Cointelegraph.
“Combined with Concordium’s integrated identity layer, this ensures every wallet is directly and verifiably linked to a real-world identity, supporting regulatory compliance while maintaining user privacy,” she added.
This results in a streamlined and compliant approach for banks and fintech platforms to onboard users to tokenized assets, stablecoins, and on-chain financial services without sacrificing security, user experience, or trust, noted Hagège, adding:
“This addresses the critical ‘compliance bottleneck’ obstructing institutional adoption of Web3. As global regulations tighten, enterprises face urgent pressure to verify user identities without compromising privacy or user experience.”
USDC issuer Circle among Dfns clients
Founded in 2020, Dfns serves over 130 clients in banking, custody, tokenization, and trading, including Dutch bank ABN Amro, investment firm Fidelity International, Standard Chartered’s Zodia Custody, and USDC issuer Circle, among others.
A spokesperson indicated that Dfns has integrated with approximately 120 blockchain networks to date, including testnets.
Concordium has positioned itself as a significant institutional-grade digital asset service provider, partnering with entities such as Tether-backed stablecoin company StablR.
In August 2025, Concordium also announced a strategic partnership with Spiko, one of Europe’s largest tokenized money market funds.
Related: Fake MetaMask 2FA security checks lure users into sharing recovery phrases
Concordium has also partnered with leading crypto wallet providers like Ledger, Bitcoin.com, Safle, and Coin98.
“Dfns is the gold standard for secure, scalable wallet infrastructure, and this integration places Concordium’s built-in identity layer directly into the hands of enterprises and builders seeking compliance without complexity,” stated Concordium CEO Boris Bohrer-Bilowitzki.
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