Persistence One
Persistence One operates the Cosmos SDK-based Persistence Core-1 Chain and an intent-based cross-chain swap protocol enabling BTC variant transfers across Bitcoin Layer 2 chains, serving Bitcoin DeFi users, BTC L2 participants, and XPRT token holders.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Persistence One does
Persistence One is a blockchain infrastructure company founded in 2019 and operated by Persistence Sub One Ltd., a British Virgin Islands private limited company. Originally focused on DeFi and IBC interoperability within the Cosmos ecosystem, the company has repositioned around Bitcoin interoperability (BTCFi), building infrastructure to enable seamless movement of BTC variants across the proliferating landscape of Bitcoin Layer 2 chains. Its flagship product is BTC Cross-Chain Swaps, an intent-based interoperability solution that allows users to swap assets such as cbBTC and BTCB across Base, BNB Smart Chain, and other supported L2s without traditional bridges or separate liquidity pools. This is complemented by Persistence DEX, a trading and liquidity venue for XPRT, WBTC, ATOM, USDC, USDT, and stablecoins.
The underlying platform is the Persistence Core-1 Chain, a Cosmos SDK-based layer 1 blockchain that integrates Babylon's Bitcoin Staking Network (BSN) model to combine Bitcoin Proof-of-Work security with Proof-of-Stake flexibility. Supporting infrastructure includes the company-provided Persistence Wallet, developer documentation at docs.persistence.one, and integrations with MetaMask, Keplr, and LayerZero. The XPRT token anchors the ecosystem as a governance, gas, and staking asset, with on-chain governance controlling protocol parameters, integrations, and community pool spend.
The business model is protocol-native rather than enterprise SaaS: revenue mechanics center on XPRT-denominated transaction fees across trading, liquidity provision, staking, and IBC transfers, alongside staking-driven network security economics. The go-to-market is product-led and community-led — self-serve app and DEX access, open-source GitHub contributions, and community channels on X, Discord, Telegram, and the Persistence Forum. Customer segments are retail/prosumer Bitcoin DeFi users, BTC L2 ecosystem participants, and XPRT token holders. Disclosed protocol-level metrics include >$45M cumulative DEX volume, >6K users, and 5000+ daily on-chain transactions; company-level revenue, ARR, or employee-level financials are not disclosed, and the XPRT market cap is approximately $675.75K — indicating a small-scale protocol relative to the broader BTCFi narrative it is pursuing.
Persistence One firmographics
Firmographics- Name
- Persistence One
- Legal name
- Persistence Sub One Ltd.
- Website
- https://persistence.one
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Persistence One operates the Cosmos SDK-based Persistence Core-1 Chain and an intent-based cross-chain swap protocol enabling BTC variant transfers across Bitcoin Layer 2 chains, serving Bitcoin DeFi users, BTC L2 participants, and XPRT token holders.
- Ownership category
- akta.pro rank
Persistence One industry classification
Industry- Product category
- Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI)
- akta.pro secondary industries
- Cross-Chain Bridging & Interoperability for Stablecoins (FSADADAH), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
Keywords
Where Persistence One is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Persistence One business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction Fees: XPRT is used as transaction fees for on-chain transactions including trading, LPing on DEX, XPRT staking, liquid staking, and IBC transfers. Over 5000+ daily on-chain transactions generate fee revenue.
- Staking Rewards: Network participants including validators, BTC stakers (via Babylon's trustless staking), and XPRT stakers receive staking rewards for securing the chain. Stakers enjoy exclusive discounts on bridging fees and boosted rewards on incentivized mainnet.
- XPRT Token Utility: XPRT token serves multiple purposes: decentralized governance (protocol parameter changes, integrations, chain upgrades, community pool spend), transaction fees, staking for chain security, and fee discounts. Governance has final say on major protocol decisions.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
Persistence One product offering
Product offeringCore offering
Persistence One builds Bitcoin interoperability infrastructure that enables fast, intent-based cross-chain swaps of BTC variants (such as cbBTC on Base and BTCB on BNB Chain) across Bitcoin Layer 2 networks without traditional bridges or per-pair liquidity pools. Its product surface includes the BTC Cross-Chain Swaps protocol, the Persistence DEX for trading XPRT and BTC-related assets, the XPRT governance and utility token, and the Cosmos SDK-based Persistence Core-1 Chain that integrates Babylon's Bitcoin security model and IBC interoperability.
Product overview
Persistence One is building Bitcoin interoperability infrastructure as a unified platform with multiple integrated products. The core offering is BTC Cross-Chain Swaps, an intent-based solution enabling seamless swaps of BTC variants across Bitcoin L2 chains without traditional bridging. This is supported by the Persistence DEX for liquidity provision and trading of XPRT, BTC, and related assets. The ecosystem is anchored by the XPRT token, which serves as the governance and utility token for the Persistence Chain (Core-1) — a Cosmos SDK-based layer 1 blockchain. The company has been building since 2019, initially focused on DeFi and IBC interoperability before pivoting to BTCFi.
Differentiator
Problem solved
Functional benefit
Products and services
- BTC Cross-Chain Swaps Intent-based interoperability solution that enables fast, near-zero slippage swaps of BTC variants such as cbBTC and BTCB across Bitcoin Layer 2 chains without traditional bridges or separate per-pair liquidity pools, for crypto users and ecosystem integrators.
- Persistence DEX Decentralized exchange on the Persistence Chain that serves as a trading and liquidity venue for XPRT, BTC-related assets (including WBTC), ATOM, USDC, USDT, and stablecoins, governed by XPRT token holders.
- XPRT Token Proof-of-Stake utility and governance token used for on-chain transaction fees, decentralized governance over protocol parameters and integrations, staking to secure the chain, and to obtain bridging fee discounts and reward multipliers on the incentivized mainnet.
- Persistence Chain (Core-1) Open-source Layer 1 blockchain maintained by a network of validators, developed on the Cosmos SDK, that enables IBC interoperability and inherits Bitcoin security via Babylon's Bitcoin Staking Network model.
Quantifiable outcome
- Total DEX Volume: >$45M
- +3 more outcomes
Companies that use Persistence One
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles4 records
Persistence One technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
Feature4 records
Persistence One partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- B2 NetworkcoreBitcoin L2 network partnership enabling cross-chain BTC interoperability. B2 Network is listed as a partner on the Persistence One homepage Partners & Integrations section.
- BasecoreCoinbase's Layer 2 network. Mainnet currently supports cbBTC on Base. Part of core cross-chain swap infrastructure.
- BobcoreBitcoin L2 network (.gobob.xyz) integrated as a partner for cross-chain BTC interoperability solutions.
- LayerZerocoreOmnichain interoperability protocol partner providing cross-chain messaging infrastructure for intent-based swaps.
- Merlin ChaincoreBitcoin L2 network (merlinchain.io) integrated as a partner for cross-chain BTC interoperability.
- BitlayercoreBitcoin L2 network (bitlayer.org) integrated as a partner for cross-chain BTC interoperability solutions.
- BNB ChaincoreBNB Smart Chain partnership. Mainnet currently supports BTCB on Binance Smart Chain. Core to cross-chain infrastructure.
- BotanixcoreBitcoin L2 network (botanixlabs.xyz) integrated as a partner for cross-chain BTC interoperability.
- RootstockcoreRootstock (rootstock.io) Bitcoin L2 network integrated as a partner for cross-chain BTC interoperability.
- OKXminorCEX listing partner where XPRT can be traded. Listed in Partners & Integrations section.
- BitgetminorCEX partnership for XPRT token listing and trading. Listed in Partners & Integrations section.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Persistence One competitors and assessment
Company assessmentDirect peers
- Stargate Finance: LayerZero-based cross-chain bridge enabling native asset transfers between chains. Directly comparable to Persistence One's BTC variant cross-chain swap product, sharing LayerZero messaging infrastructure.
- LayerZero: Omnichain interoperability protocol providing cross-chain messaging infrastructure that Persistence One explicitly integrates with. While a partner, LayerZero also competes in the broader cross-chain swap space through its Stargate and other OFT-based products.
- Wormhole: Cross-chain messaging protocol connecting multiple chains including Bitcoin-adjacent networks. Competes directly with Persistence One's cross-chain swap infrastructure and has a broader chain footprint and deeper token liquidity.
- Thorchain: Decentralized liquidity network enabling native cross-chain swaps of BTC and other assets between chains. Direct competitor to Persistence One's intent-based BTC cross-chain swap product, targeting the same BTCFi user base.
- Across Protocol: Cross-chain bridging protocol using an intent-based architecture with relayer fills — a closely comparable technical approach to Persistence One's Cross-chain Intents product for fast, low-slippage cross-chain transfers.
- Axelar Network: Cross-chain communication protocol enabling asset and message transfer between heterogeneous blockchains. Directly competes with Persistence One's IBC-based interoperability, though focused more on EVM-heavy chain coverage.
- deBridge: Cross-chain messaging and liquidity protocol enabling transfers across EVM and non-EVM chains. Comparable to Persistence One's intent-based cross-chain swap product with a similar focus on speed and security.
Broad incumbents
- Chainlink CCIP: Cross-Chain Interoperability Protocol by Chainlink, offering tokenized messaging and value transfer across chains. Competes in the same cross-chain infrastructure category with strong institutional positioning and oracle network backing.
Emerging players
- Symbiosis Finance: Cross-chain AMM enabling swaps across multiple networks. Compares to Persistence One's cross-chain swap functionality with a similar multi-chain scope, though with a different liquidity-pool-based architecture.
- Squid Router: Cross-chain swap router built on Axelar enabling token swaps across chains via a single click. Comparable to Persistence One's user-facing swap experience with overlapping target use cases in cross-chain DeFi.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Persistence One social profiles
Digital presencePersistence One financial estimates
Financial estimateRevenue estimate
Valuation estimate
Persistence One leadership team
Management profileNumber of profiles
Profiles2 records
Persistence One funding detail
Funding detailFunding overview
Funding rounds2 records
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Persistence One M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Persistence One
What does Persistence One do?
Persistence One builds Bitcoin interoperability infrastructure that enables fast, intent-based cross-chain swaps of BTC variants (such as cbBTC on Base and BTCB on BNB Chain) across Bitcoin Layer 2 networks without traditional bridges or per-pair liquidity pools. Its product surface includes the BTC Cross-Chain Swaps protocol, the Persistence DEX for trading XPRT and BTC-related assets, the XPRT governance and utility token, and the Cosmos SDK-based Persistence Core-1 Chain that integrates Babylon's Bitcoin security model and IBC interoperability.
Is Persistence One a public or private company?
Persistence One is a private company. It is classified as venture growth investor backed and is currently operating.
When was Persistence One founded?
Persistence One was founded in 2019. It employs 11 to 50 people.
Where is Persistence One based?
Persistence One is headquartered in Singapore, Singapore, in the Asia region.
How does Persistence One make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are staking Rewards and XPRT Token Utility.
Who are Persistence One's main competitors?
Direct peers on record are Stargate Finance, LayerZero, Wormhole, Thorchain, Across Protocol, Axelar Network and deBridge. Chainlink CCIP is listed as a broad incumbent. Emerging players are Symbiosis Finance and Squid Router.
Does Persistence One have an API?
No public API is recorded for Persistence One.
What industry is Persistence One in?
Persistence One's product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSAGAMAI, Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps), with a secondary code of FSADADAH, Cross-Chain Bridging & Interoperability for Stablecoins. Its NAICS code is 522320 and its SIC code is 6199.