ShredPay offers a white‑labeled API that lets banks and other regulated institutions add fiat‑to‑stablecoin on‑ramps, cross‑chain transfers, and DeFi yield products under their own brand. The platform handles multi‑chain infrastructure, KYC/AML compliance, sanctions screening, and audit‑ready logs, enabling quick launch of crypto‑enabled services without in‑house blockchain expertise.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face regulatory, compliance, and integration challenges when trying to offer digital asset services, such as on‑ramp conversion, cross‑chain transfers, and DeFi yield, using fragmented blockchain tools that lack enterprise‑grade controls.
Solution
ShredPay delivers a white‑labeled API that abstracts multiple blockchains and protocols into a single, embedded interface for banks and other regulated entities. The platform provides compliant fiat‑to‑stablecoin on/off ramps, instant cross‑chain settlement, and programmable yield through risk‑rated DeFi vaults, all while enforcing BSA‑required KYC/AML checks, sanctions screening, and audit‑ready transaction logs. By handling the underlying blockchain infrastructure and compliance layers, ShredPay enables institutions to launch crypto‑enabled products quickly under their own brand without building in‑house expertise.
Target Audience
Primary customers are banks, credit unions, and other regulated financial institutions that want to add crypto deposits, payments, and yield products to their digital offerings while maintaining compliance.
Features
- Unified API covering major chains (Ethereum, Base, Solana, Bitcoin) and protocols (Aave, Morpho, Uniswap) for transfers, swaps, and payments
- Licensed fiat‑to‑USDC conversion powered by compliant rails (e.g., Stripe) with end‑to‑end audit trails
- Curated DeFi yield vaults with proprietary risk‑rating system that surface risk metrics to end users
- Built‑in BSA compliance suite: KYC/AML onboarding, real‑time transaction monitoring, sanctions screening, and full reporting
- White‑labeled, embeddable solution allowing institutions to brand the experience as their own
- Instant, 24/7 global settlement of stablecoin payments directly from the institution’s application