Xapo provides a regulated, SOC 2‑type II compliant platform that combines cold‑storage custody for Bitcoin, stablecoins and fiat with a multi‑asset wallet, instant Lightning Network payments and a global debit card that settles purchases in the user’s chosen asset. The service also offers daily interest on BTC and USD balances, BTC‑backed loans up to $1 million, and an integrated brokerage for U.S. equities, ETFs and curated altcoins, all with transparent pricing that reduces trading fees.
Funding
Funding not disclosed
Founders
Product
Problem
Investors who hold Bitcoin alongside traditional currencies often lack a single, regulated platform that provides secure custody, fast cross‑asset transactions, and integrated wealth‑management tools such as interest earning, lending, and diversified investment options. This fragmentation forces users to manage multiple accounts, incur high fees, and expose their crypto holdings to security and compliance risks.
Solution
Xapo offers a regulated banking platform that unifies Bitcoin, stablecoins, and fiat currencies within a single, SOC 2‑type II compliant environment. The service combines military‑grade cold‑storage custody with a mobile app that enables instant peer‑to‑peer payments, lightning‑fast on‑chain transfers, and a global debit card that settles purchases in the user’s preferred asset without foreign‑exchange fees. Users can earn daily interest on BTC and USD balances, borrow up to USD 1 million against Bitcoin collateral, and access a brokerage interface for U.S. equities, Vanguard ETFs, and curated altcoins. All transactions are encrypted, audited by KPMG, and supported by a transparent fee structure that reduces trading costs by up to 90 % compared with major exchanges. The platform also provides real‑time portfolio analytics and compliance reporting for both retail and institutional clients.
Target Audience
The primary customers are crypto‑savvy high‑net‑worth individuals and digital‑finance investors who require regulated, secure custody and a unified interface for managing Bitcoin, fiat, and traditional securities. The platform also serves wealth‑management firms and institutional clients seeking compliant crypto‑banking solutions.
Features
- Multi‑asset wallet supporting Bitcoin, USDC, USDT, and major fiat currencies with seamless in‑app conversion and no FX fees
- Cold‑storage custody architecture with military‑grade hardware security modules and SOC 2‑type II certification
- Lightning Network integration for sub‑second, low‑cost Bitcoin payments and peer‑to‑peer transfers
- Xapo debit card that automatically selects the optimal asset for settlement, offers 1 % cashback in BTC, and works globally
- Daily interest accrual on BTC (0.5 % APY) and USD (3.5 % APY) paid in the chosen currency, with balances viewable in real time
- BTC‑backed loan product delivering up to USD 1 million in minutes, featuring variable rates and no forced liquidation of collateral
- Integrated brokerage for U.S. stocks, S&P 500, NASDAQ, Vanguard ETFs, and a curated selection of altcoins, all under a single regulatory umbrella
- Transparent pricing engine that matches or beats exchange rates, delivering up to 90 % fee savings on Bitcoin trades