Dfns, a digital wallet infrastructure provider and partner of IBM, has integrated Concordium’s layer-1 blockchain into its wallet-as-a-service platform to support identity-verified Web3 wallets. The integration allows enterprises and financial institutions to deploy compliant wallets without building proprietary identity systems, according to a joint announcement.
Concordium’s blockchain includes a built-in identity layer designed to link wallets to real-world identities while preserving user privacy. Combined with Dfns’ WaaS offering, the solution aims to simplify regulatory compliance for organizations issuing or managing tokenized assets, stablecoins, and on-chain financial services. The companies framed the move as a response to increasing regulatory scrutiny across digital asset markets.
The integration follows Dfns’ recent collaboration with IBM on digital asset infrastructure for institutional clients. As banks and fintech firms explore Web3 use cases, compliant wallet infrastructure is emerging as a critical component for scaling adoption without compromising security or regulatory requirements.
