Arb Capital builds reward-bearing infrastructure for non-dollar stable assets, starting with wstGBP, a sterling-denominated wrapper on Ethereum. The platform partners with regulated local-currency issuers to bring their tokens on-chain as non-custodial, reward-accruing assets while keeping reserves with the original issuer. Its technology enables DeFi integration and expands liquidity pathways for local currencies.
Funding
Funding not disclosed
Founders
Product
Problem
Non-dollar stable assets and local currencies lack accessible on-chain infrastructure that generates yield and integrates with DeFi ecosystems. Existing stablecoin models often require moving reserve custody, creating trust and regulatory friction for issuers and limiting the utility of non-USD currencies in decentralized finance.
Solution
Arb Capital develops non-custodial wrapper infrastructure for local-currency stable assets, beginning with wstGBP, a reward-bearing sterling primitive live on Ethereum mainnet. The company partners with regulated local-currency issuers who retain custody of reserves while Arb Capital builds the wrapper that handles reward accounting and redemption mechanics on-chain. This division of responsibility allows holders to access DeFi rails while the underlying asset's exchange rate reflects accrued rewards. The infrastructure is designed to be extended to additional local currencies, creating new on-chain demand drivers and expanding liquidity and redemption pathways that can support peg stability.
Target Audience
Primary customers are regulated local-currency issuers seeking to expand on-chain utility for their stable assets, as well as DeFi protocols and institutional users looking for yield-bearing non-dollar exposure.
Features
- Non-custodial wrapper architecture that keeps reserve custody with regulated issuers and custodians
- On-chain reward accounting and redemption mechanics that automatically reflect accrued yields in the asset's exchange rate
- Live deployment on Ethereum mainnet with wstGBP as the first reward-bearing sterling primitive
- Partnership model with regulated local-currency issuers to expand the infrastructure to additional currencies
- DeFi-native design enabling integration with on-chain markets, liquidity pools, and other decentralized applications