ODD Report Completed on Dfns

A Wallet Tech Provider

Feb 05, 2025

Our Operational Due Diligence (ODD) report on Dfns, a leading Wallet-as-a-Service provider, is now available on Counterparty Catalogue!

This milestone marks a big step for Counterparty Catalogue in our mission to enhance transparency and trust in the digital asset ecosystem. By conducting in-depth, third-party due diligence, we provide funds, allocators, and trading teams with critical insights to evaluate service providers in the industry.

You can request the report and explore Dfns’ profile here.

What’s in the Report?

Summary of Findings: Key takeaways from our independent due diligence.
Risk Analysis: Assessment of operational risks, governance, and potential vulnerabilities, including a detailed risk heat map.
Transaction & Policy Update Visualization: A diagram illustrating the flow of messaging for transaction signing/policy management.
Custody Technology Review: Detailed analysis of Dfns’ key management, signing process, policy management, disaster recovery, and security infrastructure.
Financial Health & Stability: Examination of Dfns’ financials, capital structure, funding sources, and financial ratios to assess liquidity and long-term sustainability.
Client Protections & Asset Security: Analysis of asset segregation, banking and credit relationships, insurance coverage, and safeguards against loss or fraud.
Regulation & Compliance: Breakdown of Dfns’ regulatory licenses, registrations, certifications, audit engagements, and compliance measures.
Corporate Structure & Policies: Overview of company leadership, key personnel, ownership structure, key policies, and recent personnel changes.
AML & KYC Practices: Insight into onboarding procedures, sanctions screening, adverse media checks, and ongoing monitoring.
Investigations, Lawsuits, and Bankruptcy: Review of any litigation, regulatory investigations, historical legal concerns, and whistleblower programs.
Cybersecurity & Incident History: Details of historical outages and incident response measures.
Insurance Coverage: Overview of applicable policies and client protections.

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What You Can Do on Counterparty Catalogue

Explore Counterparty Profiles: Find key details on digital asset service providers, their products, features, and more.
Access ODD Reports: Request comprehensive third-party evaluations of service providers.
Rate & Review Providers: Users can rate and review service providers based on their experiences.
Join the Forum: Post and discuss topics related to counterparties, share experiences, and provide feedback on what you’d like to see in the space.

Coming Soon

More ODD Reports: We’re finalizing more reports. Stay tuned!
Direct Contact Feature: Easily connect with counterparties to begin introductions.

If you’re interested in ODD on specific digital asset service providers or funds, let us know!

Disclaimer

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