Tesseract
Tesseract is a Helsinki-based, MiCA-authorized digital asset investment manager providing discretionary on-chain portfolio management via Vaults and institutional credit infrastructure via Lending, serving corporate treasuries, institutional investors, and retail clients in Europe (excluding the U.S.).
- Company typePrivate
- Founded2018
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Tesseract does
Tesseract is a Helsinki-headquartered digital asset investment management firm that has operated continuously since 2018 through multiple crypto market cycles. The company operates through two Finnish entities: Tesseract Investment Oy, a MiCA-authorized Crypto-Asset Service Provider supervised by the Finnish Financial Supervisory Authority, and Tesseract Earn Oy, which houses institutional lending operations. Tesseract's core offering comprises two products, Vaults and Lending. Vaults provides discretionary on-chain portfolio management via a separate on-chain mandate per client ("one client, one vault"), while Lending offers curated institutional counterparty credit infrastructure with credit, reporting, and risk management run by Tesseract. The technology stack integrates institutional custody (BitGo), exchange-led distribution (Bitstamp, HiGlobe), and ETP issuer integration (21Shares), with the platform accessible via a self-serve interface at app.tesseract.fi and institutional direct sales.
Tesseract's business model is asset-management and credit-led. The firm earns recurring portfolio management fees on assets under management — currently $500M+ across fifteen crypto assets, which has generated $20M of yield for clients historically — and transactional lending spreads on its $2.5B+ cumulative lending book. Pricing is structured as subscription-based with no stated minimum for retail users and typical minimums of approximately $1M for corporate treasury clients; billing is reported as monthly for retail and annual for institutional tiers. Go-to-market combines a self-serve product-led motion for Vaults, partner-led distribution of lending products under partner brands or via direct integration, and direct enterprise field sales for corporate treasury and institutional clients.
The company's customer base spans three segments: institutional investors (asset managers, hedge funds, family offices) and corporate treasuries as primary segments, with retail as a secondary segment. The institutional segment is the economic anchor given the $1M+ minimums and recurring management-fee model, while retail is acquired frictionlessly through the self-serve platform under MiCA-compliant consumer protections. Tesseract explicitly excludes U.S. persons from its offering and concentrates operations in Europe, with MiCA passporting as the primary expansion vector beyond Finland. The company has raised $25M in Series A funding (June 2021) led by Augmentum Fintech with participation from Coinbase Ventures and a broader syndicate.
Tesseract firmographics
Firmographics- Name
- Tesseract
- Legal name
- Tesseract Investment Oy
- Website
- https://tesseractinvestment.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tesseract is a Helsinki-based, MiCA-authorized digital asset investment manager providing discretionary on-chain portfolio management via Vaults and institutional credit infrastructure via Lending, serving corporate treasuries, institutional investors, and retail clients in Europe (excluding the U.S.).
- Ownership category
- akta.pro rank
Tesseract industry classification
Industry- Product category
- Institutional Digital Asset Management
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG)
- akta.pro secondary industries
- Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN), Yield Aggregators, Auto-Compounding & Strategy Vaults (DeFi Yield) (FSADAHAK)
Keywords
Where Tesseract is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Tesseract business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Portfolio Management Fees: Discretionary portfolio management services for Vaults, generating management fees from institutional clients. No minimum for retail users; corporate treasuries typically start around $1 million.
- Lending Spread: Institutional counterparty lending through curated lending book. Credit, reporting, and risk run by Tesseract, with partners distributing under their own brand.
- Yield Generation Services: Managed yield-generating services via DeFi protocols, generating $20 million in yield across fifteen crypto assets on over $500 million in assets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Retail users - no minimum investment required |
| Subscription | Annual | Institutional/Corporate - minimum ~$1 million |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Tesseract product offering
Product offeringCore offering
Tesseract operates a two-product platform delivering institutional digital asset yield: Vaults provide discretionary on-chain portfolio management with a separate on-chain mandate per client, run by Tesseract Investment Oy as a MiCA-authorized portfolio manager; Lending provides institutional counterparty credit through a curated lending book with credit, reporting, and risk managed by Tesseract Earn Oy, distributable directly or via partners.
Product overview
Tesseract operates a two-product platform architecture serving institutional clients in the digital asset space. The core offering consists of Vaults (discretionary on-chain portfolio management via separate mandates per client) and Lending (institutional credit infrastructure with a curated lending book). Both products are operated to investor-grade standards, with Vaults regulated under MiCA by Tesseract Investment Oy and Lending operated by Tesseract Earn Oy. The platform has facilitated over $2.5B in lending volume and manages over $500 million in assets across multiple crypto assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Vaults Discretionary on-chain portfolio management product providing a separate on-chain mandate per client, operated by Tesseract Investment Oy as a MiCA-authorized Crypto-Asset Service Provider. Each client has a dedicated vault with custody-bound flows and comprehensive reporting; accessible via self-serve platform and direct engagement for institutional and retail clients.
- Lending Institutional counterparty lending product providing a curated lending book with credit, reporting, and risk management run by Tesseract Earn Oy. Partners (including Bitstamp and HiGlobe) distribute lending products under their own brand or integrate directly into their platforms.
Quantifiable outcome
- $2.5B+ lending volume
- +2 more outcomes
Companies that use Tesseract
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Tesseract technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Tesseract partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- BitGocoreBitGo serves as a custody partner for the Vaults product, providing institutional-grade digital asset custody infrastructure for the discretionary portfolio management offering.
- BitstampcoreBitstamp distributes lending products under their own brand or integrates directly, serving as a key distribution channel for institutional counterparty lending.
- HiGlobecoreHiGlobe distributes lending products under their own brand or integrates directly as a key partner for institutional counterparty lending.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Tesseract competitors and assessment
Company assessmentDirect peers
- 21Shares: Europe-based crypto asset manager (and listed Tesseract partner) operating ETPs and on-chain yield products. Comparable regulated European crypto asset management franchise, including product integrations with Tesseract.
- Maple Finance: Institutional-grade on-chain lending marketplace focused on undercollateralized credit to digital asset institutions. Highly comparable to Tesseract's curated institutional lending book and credit infrastructure.
- Yearn Finance: Decentralized yield aggregator and vault protocol auto-compounding returns across DeFi strategies. Comparable as a vault-based yield optimizer, though fully on-chain/decentralized versus Tesseract's centralized discretionary model.
- Ledn: Digital asset lending and yield platform targeting retail and institutional clients with bitcoin- and stablecoin-based products. Comparable in providing crypto-collateralized credit and yield strategies.
- Beefy Finance: Decentralized multi-chain yield optimizer operating auto-compounding vaults across DeFi protocols. Comparable in the yield-vault / strategy aggregation function, though decentralized.
- Nexo: Global crypto lending and yield platform serving both retail and institutional clients. Comparable in offering institutional credit and yield products on digital asset holdings, with broader retail reach.
Broad incumbents
- CoinShares: Europe-based regulated digital asset investment manager offering ETPs, asset management, and yield strategies. Comparable as a regulated European crypto asset manager serving institutional clients, but with a broader product portfolio.
- AMINA Bank (formerly SEBA Bank): Switzerland-regulated crypto bank serving institutional and corporate clients with custody, lending, and trading. Comparable as a regulated European institutional digital asset platform with custody and credit offerings.
- Sygnum: Regulated Swiss digital asset bank offering institutional custody, lending, trading, and asset management. Comparable as a fully regulated European institutional crypto financial services provider with overlapping target clients.
Emerging players
- Morpho: Decentralized lending protocol building optimized P2P lending markets on top of existing lending infrastructure (Morpho Blue). Comparable as DeFi credit infrastructure targeting institutional-grade lending use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Tesseract social profiles
Digital presenceTesseract compliance and trust
Trust signalCompliance3 records
Tesseract financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tesseract leadership team
Management profileNumber of profiles
Profiles4 records
Tesseract subsidiaries and ownership
Company hierarchySubsidiaries2 records
Tesseract funding detail
Funding detailFunding overview
Funding rounds2 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tesseract M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tesseract
What does Tesseract do?
Tesseract operates a two-product platform delivering institutional digital asset yield: Vaults provide discretionary on-chain portfolio management with a separate on-chain mandate per client, run by Tesseract Investment Oy as a MiCA-authorized portfolio manager; Lending provides institutional counterparty credit through a curated lending book with credit, reporting, and risk managed by Tesseract Earn Oy, distributable directly or via partners.
Is Tesseract a public or private company?
Tesseract is a private company. It is classified as venture growth investor backed and is currently operating.
When was Tesseract founded?
Tesseract was founded in 2018. It employs 11 to 50 people.
Where is Tesseract based?
Tesseract is headquartered in Helsinki, Finland, in the Europe region.
How does Tesseract make money?
Three revenue lines are on record. Portfolio Management Fees are the primary driver. The others are lending Spread and yield Generation Services.
Who are Tesseract's main competitors?
Direct peers on record are 21Shares, Maple Finance, Yearn Finance, Ledn, Beefy Finance and Nexo. Broad incumbents are CoinShares, AMINA Bank (formerly SEBA Bank) and Sygnum. Morpho is listed as an emerging player.
Does Tesseract have an API?
Yes. Tesseract exposes a public API. Developer documentation is at docs.tesseract.fi.
What industry is Tesseract in?
Tesseract's product category is Institutional Digital Asset Management. Its primary akta.pro industry code is FSAPAEAG, Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield), with a secondary code of FSADAFAN, Lending Protocol Infrastructure (Oracles, Rate Models, Vaults). Its NAICS code is 5259 and its SIC code is 6199.