Dfns integrated identity-verified wallets to its WaaS platform by using Concordium’s layer-1 blockchain. This is part of a push for compliant Web3 adoption by institutions.
Dfns, a digital wallet infrastructure provider and a partner of IT giant IBM, has added Concordium’s layer-1 (L1) blockchain to its platform to provide a Web3 wallet solution that verifies users’ identities.
On Wednesday, the two businesses announced in a joint statement to Cointelegraph that Concordium’s privacy-preserving identity layer is now part of Dfns’ wallet-as-a-service (WaaS) platform.
“This integration lets banks and businesses quickly set up compliant, privacy-preserving wallets without having to build complicated identity infrastructure from scratch,” said Dfns CEO Clarisse Hagège.
The move comes after Dfns and IBM worked together to establish IBM Digital Asset Haven in October. This platform is meant to assist governments and financial institutions safely manage and grow their digital asset operations.
Source: Dfns
Removing the institutional compliance bottleneck
She went on to say, “This means that every wallet can be directly and verifiably linked to a real-world identity in a way that supports regulatory compliance while keeping user privacy.”
Hagège said that this creates a simpler and compliant way for banks and fintech platforms to onboard users to tokenised assets, stablecoins, and on-chain financial services without sacrificing security, user experience, or trust. He added, “This solves the immediate ‘compliance bottleneck’ that is stopping institutional adoption of Web3.” As rules throughout the world get stricter, businesses are under a lot of pressure to confirm users’ identities without hurting their privacy or experience.
Dfns was started in 2020 and already has more than 130 clients in banking, custody, tokenisation, and trading. Some of these clients are the Dutch bank ABN Amro, the investment business Fidelity International, Standard Chartered’s Zodia Custody, and the USDC USDC$1 issuer Circle.
Concordium’s expanding institutional footprint
Concordium has become a prominent institutional-grade digital asset service provider, working with companies like StablR, which is funded by Tether.
Concordium also announced in August 2025 that it would work with Spiko, one of the largest tokenised money market funds in Europe, in a strategic way.
Concordium has also teamed up with well-known crypto wallet companies like Ledger, Bitcoin.com, Safle, and Coin98.
Dfns is the best way to build a secure, scalable wallet infrastructure. This integration puts Concordium’s built-in identity layer directly into the hands of businesses and builders who want compliance without making things too complicated.