Keyring Network

What Keyring Network does

Keyring Network is a UK-based (London/Ilkeston) private company founded in 2022 that builds zero-knowledge proof (ZKP) based compliance infrastructure for blockchain-based finance. The platform targets two distinct customer segments: regulated financial institutions (banks, brokers, asset managers) that need a compliant gateway to DeFi, and DeFi protocols that require a compliance layer to attract institutional capital without sacrificing user privacy. The company's core technology combines zkTLS (an MPC-TLS scheme) for authenticating web session data with on-chain credential storage, allowing users to prove compliance attributes (KYC passed, non-sanctioned jurisdiction, accredited investor status) without exposing underlying personal data. Smart contracts query Keyring's on-chain credentials via a checkCredential function, gating access at the asset, pool, or subnet level.

Keyring offers two primary products: Keyring Pro, a comprehensive KYC/KYB compliance solution for regulated entities with customisable onboarding and reusable credentials; and Keyring Connect, a lightweight zk-KYC browser extension that lets users reuse verified status from exchanges and banks (Binance, Coinbase, Kraken, Revolut, Fidelity) in under three minutes. The company also operates zkVerified permissioned DeFi vaults on Euler Finance, with a flagship Avalanche deployment attracting over $15 million in TVL since August 2025 and an Ethereum mainnet launch in June 2026. Keyring's business model combines subscription fees (multi-year contracts for Keyring Pro and Connect) with transaction fees on protocol vaults, though the initial vault fees are being donated to a Tornado Cash developer legal defense fund in partnership with the Ethereum Foundation. Distribution is dual-track: API/SDK self-serve integration for DeFi protocols and direct enterprise sales for financial institutions. The platform is deployed across eight blockchains (Ethereum, Arbitrum, Base, Optimism, Avalanche, Polygon, Linea, Solana) with admin-upgradable proxy governance.

Name

Keyring Network

Legal name

Keyring.Network Ltd

Website

https://keyring.network

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Keyring Network provides zero-knowledge proof-based compliance infrastructure for blockchain finance, offering KYC/KYB solutions and permissioned DeFi vaults that enable institutional investors and DeFi protocols to transact compliantly while preserving user privacy.

Ownership category

akta.pro rank

Product category

Blockchain Compliance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Security Systems Services (except Locksmiths) (561621)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSADALAA

KYC/KYB Identity Verification & Onboarding

Financial & Insurance/Crypto & Digital Assets/Compliance, AML/KYC, Risk & Forensics (Crypto)

SECONDARYFSAGAFAB

KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening)

Financial & Insurance/Financial Technology (Fintech)/RegTech (Compliance, KYC/AML, Fraud, Identity)

SECONDARYBPAMAFAI

Fraud, Risk, KYC/AML & Compliance Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

SECONDARYFSAPACAJ

Authorization & Permissions (delegation, allowances, capability-based access, session keys)

Financial & Insurance/Blockchain & Web3/Wallets, Identity & Access (custody/non-custody, DID, key management)

Keywords

• Zero-knowledge compliance
• Institutional DeFi access
• On-chain KYC verification
• Blockchain permissioning solutions
• Privacy-preserving identity

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Protocol Fees from zkVerified Vaults: Fees generated from permissioned DeFi vaults deployed on Euler Finance and other protocols. Early vault fees donated to Tornado Cash developer legal defense fund as part of impact funding model.
2. Platform Service Fees: Fees for access to Keyring Pro and Keyring Connect services as defined on the Platform. Details set out on the Platform.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Keyring Network provides zero-knowledge proof-based compliance infrastructure that enables financial institutions and DeFi protocols to verify regulatory requirements such as KYC, KYB, accredited investor status, and geographic eligibility without exposing underlying personal data. Its product suite comprises Keyring Pro (comprehensive KYC/KYB compliance for regulated entities), Keyring Connect (lightweight zk-KYC browser-extension flow sourcing verified data from exchanges like Binance, Coinbase, and Revolut), and zkVerified DeFi Vaults (permissioned lending vaults deployed with Euler Finance on Ethereum and Avalanche).

Product overview

Keyring Network is an institutional-grade compliance platform providing zero-knowledge permissioning tools for blockchain-based finance. The platform consists of two core products: Keyring Pro (comprehensive KYC/KYB compliance solution for regulated institutional entities) and Keyring Connect (lightweight zk-KYC for DeFi protocols via browser extension), both powered by zero-knowledge proof technology to enable privacy-preserving, portable on-chain compliance. The platform also offers zkVerified DeFi Vaults built on Euler Finance for compliant DeFi lending access.

Differentiator

Problem solved

Functional benefit

Brands

• Keyring Pro: One-stop-shop compliance for regulation-focused protocols, providing comprehensive compliance solutions for regulated, institutional, or corporate entities with customizable onboarding processes.
• Keyring Connect

Products and services

• Keyring Pro Comprehensive compliance solution for regulated, institutional, or corporate entities requiring full KYC/KYB verification. Features customisable onboarding processes, reusable compliance credentials, and the ability to leverage verified user information from other sources within the Keyring ecosystem. Designed to unlock secondary market liquidity with portable on-chain compliance for regulated entities, including banks, brokers, and asset managers.
• Keyring Connect Lightweight compliance enhancement for DeFi protocols that enables frictionless zk-KYC. Uses zkTLS/MPC-TLS technology to allow users to prove verified status from exchanges and banks (Binance, Coinbase, Kraken, Binance US, Revolut, Fidelity) without uploading documents or exposing personal data. Operates through a Chrome browser extension and completes verification in 3 clicks in under 3 minutes.
• zkVerified DeFi Vaults Permissioned DeFi vaults built on Euler Finance that provide compliant and privacy-preserving access to DeFi lending markets. Uses Keyring's zero-knowledge authentication technology so that only verified participants can access vaults while user privacy is preserved. Available on Avalanche and Ethereum with USDC collateral support.

Quantifiable outcome

• $15M+ TVL attracted to Euler Finance vault in first months
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Five partnerships are on record, tiered flagship, core and supporting.

• Ethereum FoundationflagshipStrategic or Co-development Partner · 10 October 2025Joint initiative with Ethereum Foundation's Funding Coordination Team to donate vault fees to Tornado Cash developer legal defense fund. Strategic support from EF for zkVerified vaults launch on Ethereum mainnet.
• Laser Digital (Nomura)flagshipStrategic or Co-development PartnerNomura's crypto subsidiary conducted proof of concept testing USDC transfer on Ethereum mainnet with Keyring. First enterprise customer and reference client. CEO Jez Mohideen serves as Keyring advisor.
• Euler FinancecoreTechnology or IntegrationEuler Finance hosts Keyring's zkVerified permissioned vaults. First deployment on Avalanche attracted $15M+ TVL. Ethereum vaults launched June 2026.
• FalconXcoreTechnology or IntegrationCredit vault development partnership with FalconX. Detailed KYB requirements documented for institutional lenders including company info, financials, stakeholder data.
• Basis TheorysupportingTechnology or IntegrationData vault infrastructure provider for Keyring Pro. Secure vault operated by Basis Theory for storing collected KYC/KYB data.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Civic: Civic provides identity verification and KYC solutions specifically for blockchain/Web3 use cases, directly comparable to Keyring's portable on-chain credential approach for DeFi protocols and institutions.
• Polygon ID: Polygon ID is a zero-knowledge identity solution for Web3, offering privacy-preserving credential issuance and verification — directly competing with Keyring's ZK-based KYC portability value proposition.
• Rarimo: Rarimo provides privacy-preserving governance and identity infrastructure using zero-knowledge proofs, overlapping with Keyring's compliance and credentialing primitives for DeFi and DAOs.

Emerging players

• Worldcoin (Tools for Humanity): Worldcoin builds privacy-preserving proof-of-personhood via ZK, addressing a different identity layer (Sybil resistance) but leveraging the same ZK cryptographic primitives that Keyring builds on for compliance.
• Notabene: Notabene provides crypto Travel Rule compliance and counterparty KYC for VASPs, addressing institutional regulatory requirements for crypto transactions — overlapping with Keyring's institutional compliance mission.

Broad incumbents

• Chainalysis: Chainalysis is the established leader in blockchain compliance, AML, and KYC tooling for institutions — a broad incumbent whose compliance and transaction-monitoring products overlap with Keyring's institutional compliance focus.
• TRM Labs: TRM Labs provides blockchain intelligence and compliance (KYC/AML, transaction monitoring) to financial institutions and crypto businesses, comparable to Keyring's institutional compliance offering but with a broader analytics focus.
• Sumsub: Sumsub is an established KYC/AML/identity verification platform expanding into crypto and Web3, directly competing for the same DeFi protocol and institutional compliance customers as Keyring.
• Fireblocks: Fireblocks provides institutional digital asset custody and policy engine for compliant transactions, overlapping with Keyring's institutional compliance and permissioning layer for DeFi access.
• Anchorage Digital: Anchorage Digital is a federally chartered crypto bank offering institutional custody and compliant on-chain services, comparable to Keyring's mission of bridging regulated institutions and DeFi.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/KeyringNetwork
• LinkedInlinkedin.com/company/keyring-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds2 records

Investors6 records

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

M&A

Investments

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

Frequently asked questions about Keyring Network