IBM taps wallet-as-a-service provider Dfns for new enterprise-grade ‘Digital Asset Haven’

IBM is launching a platform for institutions, governments, and corporations to manage “digital asset operations,” according to an announcement on Monday. The platform, dubbed IBM Digital Asset Haven, was developed in collaboration with Coinbase-backed wallet-as-a-service provider Dfns. 

“Banks and governments now have a single solution to manage their digital asset lifecycle – from custody to transactions to settlement – that helps them meet compliance obligations while being integration-ready,” IBM wrote in an announcement. 

According to the announcement, IBM Digital Asset Haven’s transaction lifecycle management will support 40 public and private blockchains. The tool also supports programmable multi-party approvals and other “pre-integrated services” like KYC identity verification, anti-money laundering protections, yield generation, and other blockchain features. 

The idea is to create a unified solution for enterprise users, enabling them to create wallets, execute transactions, custody funds, and secure their keys. 

IBM has over a decade of experience in the blockchain sector, particularly with permissioned, enterprise-grade frameworks like Hyperledger. 

Dfns has an existing relationship with IBM, including a recent integration with IBM’s Hyper Protect Virtual Servers to bring hardware-backed security to its institutional wallets.

In 2022, Dfns raised approximately $13.5 million in a seed round led by White Star Capital. Coinbase Ventures participated alongside investors like Hashed, Susquehanna, ABN AMRO Ventures, Bpifrance, Semantic Ventures, and others. It also raised a $16 million Series A in 2024.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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