CrypDefi provides a chain-agnostic self-custody solution that enables traders to access decentralized finance (DeFi) protocols without counterparty risk, utilizing state-of-the-art multi-party computation (MPC) and single-sign security. The platform allows for rapid asset mobilization and integration with custodial wallets, facilitating support for new chains and protocols within a week, thereby addressing the slow adoption of custodial solutions in the DeFi space.
Funding
$420K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutions face challenges in securely and efficiently accessing decentralized finance (DeFi) protocols due to the risks associated with managing private keys and the slow pace of integrating new chains and dApps. Existing custodial solutions often lack the agility to support the rapidly evolving DeFi landscape, forcing companies to either take on significant security risks or miss out on potential gains.
Solution
CrypDefi offers a self-custody solution that enables institutions to securely access DeFi opportunities across multiple chains without counterparty risk. The platform utilizes multi-party computation (MPC) or single-signer security, secured through Trusted Execution Environments (TEEs), cloud Hardware Security Modules (HSMs), and multiple Key Management System (KMS) layers. CrypDefi integrates with major custodians, facilitating seamless asset transfers and maximizing capital efficiency. Its infrastructure allows for rapid integration of new chains and dApps, typically within a week, ensuring users can quickly capitalize on emerging DeFi opportunities while maintaining institutional-grade security and control.
Target Audience
CrypDefi targets institutional traders, algorithmic trading firms, and companies seeking secure and efficient access to DeFi protocols across multiple chains.
Features
- Chain-agnostic support for accessing DeFi protocols across 16+ blockchains
- Self-custody solution utilizing MPC or low-latency single-signing custody secured through TEEs, cloud HSMs, and multiple KMS layers
- Rapid integration of new chains, connected tokens, and dApps, typically within a week
- Multi-custodian integration to facilitate seamless asset transfers within existing custodial ecosystems
- Configurable policy engine to define access and trading policies, including user permissions, wallet restrictions, and transaction limits
- Fully API-driven platform with simple REST API calls for seamless integration
- Detailed audit logging to track every action for enhanced oversight and reporting
- Automated workflows for wallet creation, rebalancing, and bridging funds
- Compliant with security best practices, including a recent penetration test by Fox-IT (part of NCC Group)