1Singapore company, group brand and incomplete current ownership
analysisThe Singapore entity is DWF LABS PTE. LTD., UEN 202220906H, incorporated on 16 June 2022. The retained directory reports SGD 50,000 ordinary share capital and ten officers in its September 2026 snapshot, but does not expose their names. Contemporary reporting identifies Grachev, the Schweizer brothers and Rendchen as initial shareholders, Florentin joining in December 2022, and additional partners joining in January 2023. A separate press account reported 27% each for Grachev and the two Schweizers. DWF Labs’ own 2022 announcement described it as part of parent company Digital Wave Finance.
- qualification
- Those are dated, differently sourced observations. The historic 27% figures are not a reconstructed current capitalization table. Hidden names and changing shareholder counts cannot identify the current owners. The DWF Labs brand spans more than one jurisdiction; generic brand activity is not automatically an obligation or asset of the Singapore company or the Swiss AG. Parent wording in a release or directory remains a reported group description, not proof of an exact current direct equity chain.
- response
- Rendchen expressly says his interest ended in 2022. The archive does not establish a later reversal of that account.
2Entity-specific BVI authorization and an announced Dubai program
analysisThe BVI Financial Services Commission’s register identifies DWF MaaS Limited, trading as DWF Labs, as a virtual-assets service provider authorized for exchange between virtual assets and services connected with an issuer’s offering or sale. A 3 September 2026 DWF announcement describes a group entity receiving that approval. Separately, DMCC’s March 2023 announcement described a US$5 million growth platform with DWF Labs and a proposed DWF Ventures Studio, following the February partnership event. 10 8 11
- qualification
- The BVI registration belongs to the specifically named entity, not automatically to Swiss Digital Wave Finance or the Singapore company. The DMCC initiative is an announced program, not proof that all promised investments occurred or that every group activity is licensed. Claims about serving more than eighty exchanges or incubating Falcon Finance are company descriptions rather than audited market-share evidence.
Sources (11)
- Media source · s-d6 identified by category only · Media
- Media source · s-d16 identified by category only · Media
- Other source · s-d18 identified by category only · Other
- Other source · s-d43 identified by category only · Other
- Other source · s-d44 identified by category only · Other
- Media source · s-d70 identified by category only · Media
- Other source · s-d94 identified by category only · Other
- Company statement source · s-d163 identified by category only · Company statement
- Other source · s-d291 identified by category only · Other
- Regulatory record concerning Digital Wave Finance or the identified participant British Virgin Islands Financial Services Commission
- Company statement concerning Digital Wave Finance or the identified participant Dubai Multi Commodities Centre
Recorded connections
- Andrei Grachev to DWF LABS PTE. LTD. (Singapore)Reported founder and initial shareholder of the Singapore companyreported · Initial ownership reported from June 2022; later exact interest not established · historical
- Marco Schweizer to DWF LABS PTE. LTD. (Singapore)Reported initial shareholderreported · Initial ownership reported from June 2022; later exact interest not established · historical
- Remo Schweizer to DWF LABS PTE. LTD. (Singapore)Reported initial shareholderreported · Initial ownership reported from June 2022; later exact interest not established · historical
- Michael Rendchen to DWF LABS PTE. LTD. (Singapore)Reported initial shareholder; interest ended in 2022reported · Initial 2022 shareholding; Rendchen states his interest ended in 2022 · historical
- Clement Florentin to DWF LABS PTE. LTD. (Singapore)Reported shareholder joining in December 2022reported · Shareholder reported from December 2022; subsequent exact stake not established · historical
- DWF LABS PTE. LTD. (Singapore) to DWF Labs (group brand; contracting entity varies)Singapore company associated with the DWF Labs trading brandreported · Retained identity and trademark records · historical