Reserve

Name

Reserve

Legal name

ABC Labs, LLC

Website

https://reserve.org

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Decentralized Finance Protocol

NAICS

Securities and Commodity Exchanges (52321), Portfolio Management and Investment Advice (523940)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

DeFi Asset Management & On-Chain Index Protocols (FSADAMAK)

akta.pro secondary industries

Stablecoin Protocols (Decentralized) (FSADAMAD), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Decentralized finance protocol
• Asset-backed token funds
• Crypto index tokens
• Stablecoin yield products
• DeFi governance tokens

Headquarters

HQ city

Oakland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Platform Fees from Index DTFs: Every Index DTF channels a portion of its fees back to RSR holders through buyback and burn mechanisms. Platform fees are currently used to buy RSR on the open market and burn it permanently.
2. DTF Minting and Redemption Fees: Deployers can set TVL and minting fees for their DTFs, with revenue routed transparently to any number of addresses.
3. RSR Emissions: Remaining RSR supply (approximately 50%) is allocated on a deterministic schedule emulating Bitcoin's emissions curve, funding ecosystem growth, core development, and incentive programs.
4. RSR Staking Yield: RSR stakers on Yield DTFs earn a portion of DTF yield in exchange for providing governance and first-loss capital. Amount varies between Yield DTFs.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels8 records

Core offering

Reserve Protocol is a decentralized platform enabling anyone to permissionlessly create and use asset-backed baskets of tokens called Decentralized Token Funds (DTFs) or RTokens. These tokenized portfolios, including Yield DTFs (overcollateralized stablecoins earning yield like eUSD, hyUSD, USD3, ETH+) and Index DTFs (multi-asset indexes like LCAP, CMC20, VLONE), are backed 1:1 by onchain assets and can be minted/redeemed 24/7. The platform is operated by ABC Labs, LLC and serves both retail users (via the Reserve Register app and Ugly Cash) and institutional clients (via SPV wrappers).

Product overview

Reserve Protocol is a decentralized platform for Asset-Backed Currencies, consisting of multiple interconnected products. The core platform enables permissionless creation of RTokens—tokenized portfolios backed by onchain assets that preserve purchasing power. RSR (Reserve Rights) is the governance token with a fixed 100 billion supply. The ecosystem includes two DTF types: Yield DTFs (eUSD, hyUSD, USD3, ETH+) that are overcollateralized stablecoins earning yield, and Index DTFs (LCAP, CMC20, VLONE) that bundle multiple assets for diversified exposure. Ugly Cash is a fintech sub-brand providing consumer access to RToken yields. The ecosystem also includes the Reserve Register app interface, Monetarium educational platform, and the Reserve Index and Yield Protocols powering different DTF categories.

Differentiator

Problem solved

Functional benefit

Brands

• Ugly Cash: Consumer fintech banking and payment app allowing users to earn RToken yields, available in USA and Latin America
• Monetarium
• DTFs (Decentralized Token Funds)
• RSR (Reserve Rights)

Products and services

• Reserve Protocol An open, decentralized system that allows anyone to create and use asset-backed baskets of tokens called DTFs (Decentralized Token Funds). The protocol enables permissionless creation of RTokens — tokenized portfolios backed by onchain assets to preserve purchasing power.
• eUSD (Electronic Dollar) A yield DTF that prioritizes stability, mainly incentivizing overcollateralization. Electronic dollar stablecoin that earns yield through DeFi protocols.
• hyUSD (High Yield USD) A yield DTF that emphasizes growth, directing 81% of its yield to RToken appreciation. Available on Ethereum mainnet and Base network.
• USD3 A yield DTF providing diversified DeFi stablecoin yield, bringing top protocols to portfolio professionals. Tracked on Ethereum mainnet.
• ETH+ (ETH Plus) Institutional-grade exposure to staked ETH, diversified across top liquid staking tokens. A yield DTF providing exposure to Ethereum staking rewards.
• LCAP (Large Cap) An index DTF providing 95% of crypto's market cap in a single token. Powered by CF Benchmarks pricing. Trading on Kraken.
• CMC20 A crypto index token launched with CoinMarketCap, providing diversified exposure to top 20 cryptocurrencies by market capitalization on BNB Chain. Fully tradable with monthly rebalancing.
• VLONE

Quantifiable outcome

• $200M+ in RTokens minted on Reserve
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• CoinMarketCapcoreStrategic or Co-development Partner · 18 November 2025CoinMarketCap and Reserve jointly launched the CMC20, a new tradable crypto index token on BNB Chain. The index provides diversified exposure to the top 20 cryptocurrencies by market capitalization, rebalances monthly, and represents a milestone for DeFi infrastructure and index investing.
• Venionaire CapitalcoreStrategic or Co-development Partner · 12 November 2025Venionaire Capital launched VLONE on Reserve, Europe's first BMR-regulated onchain index DTF. This institutional-grade indexing product on blockchain represents a significant expansion of Reserve's reach into traditional finance markets.
• Compass Financial TechnologiescoreStrategic or Co-development Partner · 12 November 2025Partnered with Venionaire Capital to develop and launch VLONE, the BMR-regulated index DTF on Reserve. Provides institutional-grade indexing methodology and regulatory compliance expertise.
• Curve DAOcoreStrategic or Co-development Partner · 28 August 2024ABC Labs invested $2.2M into the Curve ecosystem, acquiring 6.46M sdCRV and locking 923K SDT tokens in 4-year vote escrow. This gives Reserve the most voting power of any non-founder entity in Curve DAO, enabling direction of gauge emissions to incentivize RToken liquidity.
• Chronicle OraclescoreTechnology or IntegrationChronicle provides decentralized oracle network for reliable, timely, and transparent price feeds used by Reserve's hyUSD DTF and other products. Price data is verifiable on The Chronicle dashboard.
• Stake DAOcoreStrategic or Co-development PartnerPart of the $20M investment in Curve ecosystem includes governance tokens from Stake DAO (SDT). Stake DAO's liquid locked Curve DAO token (sdCRV) provides liquidity and voting power for Reserve ecosystem influence.
• Convex FinanceminorStrategic or Co-development PartnerPart of ongoing $20M investment in Curve ecosystem including Convex (CVX) governance tokens to secure governance power and promote RToken liquidity.
• Black Manta Capital PartnerscoreImplementation/ SI/ Consulting PartnerBlack Manta SPVs deliver DeFi-powered DTFs as performance-linked notes, giving professional investors seamless access to onchain yield. Case study partner for institutional DTF wrappers.
• Paul Atkins (SEC Chairman)minorStrategic or Co-development PartnerSEC Chairman Paul Atkins has commented on crypto assets at Monetarium events, with Reserve noting his statement 'Most crypto assets are commodities' as part of their regulatory engagement efforts.
• MorphocoreTechnology or IntegrationRToken lending opportunities have grown on Morpho with multiple markets on Ethereum mainnet and Base. Users can lend/borrow eUSD, use ETH+, bsdETH, hyUSD as collateral. The hyUSD/eUSD market enables leveraged stablecoin farming.
• CF BenchmarkscoreTechnology or IntegrationCF Benchmarks provides institutional-grade price indexing for Reserve's LCAP DTF, which captures 95% of crypto's market cap in a single token, traded on Kraken.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MakerDAO / Sky: MakerDAO (now Sky) operates the largest decentralized stablecoin (DAI/sDAI) with similar overcollateralized yield-bearing stablecoin mechanics to Reserve's Yield DTFs like eUSD. Both protocols use crypto-backed collateral, governance tokens (MKR/SKY vs RSR), and pursue decentralized stable currency as their primary mission.
• Ethena: Ethena issues USDe, a synthetic dollar that earns yield through delta-neutral strategies, directly competing with Reserve's Yield DTFs (hyUSD, USD3) for stablecoin yield market share. Both target professional and institutional users seeking DeFi-native yield with composable tokens.
• Ondo Finance: Ondo Finance tokenizes US Treasuries and other yield-bearing assets (USDY, OUSG), providing institutional-grade onchain yield products that overlap with Reserve's ETH+ and USD3 institutional offerings. Both target professional investors through compliant structures.
• Index Coop: Index Coop builds tokenized crypto index products like DPI and ETH2x-FLI, directly competing with Reserve's Index DTFs (LCAP, CMC20, VLONE). Both use DeFi primitives to offer diversified single-token exposure and pursue institutional indexing products.
• Pendle Finance: Pendle tokenizes future yield from DeFi protocols into Principal Tokens and Yield Tokens, competing with Reserve's Yield DTFs in the yield tokenization space. Both serve sophisticated DeFi users seeking composable yield strategies.

Broad incumbents

• Curve Finance: Curve is the dominant stablecoin DEX and a critical liquidity layer for Reserve's DTFs. Reserve holds significant veCRV/SDT governance influence to direct gauge emissions toward RToken pools. While not a direct competitor in stablecoin issuance, Curve is the foundational trading infrastructure for Reserve products.
• Convex Finance: Convex is the largest Curve booster and liquid locker, holding substantial CVX governance influence. Reserve invested in Convex (CVX) as part of its $20M Curve ecosystem strategy to secure governance power and promote RToken liquidity.
• Aave: Aave is the largest decentralized lending protocol and a foundational DeFi primitive that Reserve's Yield DTFs integrate with for yield generation. Aave's GHO stablecoin directly competes with Reserve's yield DTFs in the decentralized stablecoin category.

Emerging players

• Maple Finance: Maple offers institutional DeFi credit markets with undercollateralized lending products, overlapping with Reserve's institutional DTF wrappers like Black Manta performance-linked notes. Both serve professional investors seeking compliant DeFi exposure.
• Morpho: Morpho provides optimized lending markets on top of Aave and Compound, and is integrated with Reserve for RToken lending/borrowing including eUSD, ETH+, and hyUSD. Morpho's hyUSD/eUSD market enables leveraged stablecoin farming, creating a complementary yield layer for Reserve users.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/reserveprotocol
• GitHubgithub.com/reserve-protocol/protocol
• YouTubeyoutube.com/@reserveprotocol
• Instagraminstagram.com/_reserveprotocol

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reserve