Secured Finance
Secured Finance is a non-custodial DeFi 2.0 protocol offering on-chain fixed-rate lending, zero-coupon bond trading, and a Filecoin-backed USDFC stablecoin across multiple blockchains. It serves both retail DeFi users and institutional fixed-income traders via self-serve web applications.
- Company typePrivate
- Founded2020
- HeadquartersZug, Switzerland
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Secured Finance does
Secured Finance is a decentralized finance (DeFi) protocol founded in 2020 and headquartered in Zug, Switzerland, that operates a non-custodial fixed-rate lending and zero-coupon bond trading platform alongside a Filecoin-backed stablecoin (USDFC). The protocol runs on multiple blockchains — Ethereum, Arbitrum, Filecoin, Avalanche, and Polygon zkEVM — and uses an on-chain order book system with Red-Black Tree optimization and an Itayose fair price discovery mechanism to support fixed-maturity, locked-rate instruments rather than the variable-rate model common to incumbent DeFi lending protocols. Core products include the Fixed-Rate Lending Protocol, the USDFC stablecoin minted against FIL collateral, the SF Yield Vault for automated on-chain rate structuring, and supporting JPYC-based fixed-income products and RWA-collateral integrations such as DigiFT-distributed UBS uMINT tokens.
The platform's technical differentiation centers on bringing interbank fixed-income primitives (zero-coupon bonds, forward loans, FX, structured derivatives) fully on-chain while supporting tokenized real-world assets as eligible collateral. It exposes developer infrastructure through JavaScript SDKs (USDFC SDK and Fixed-Rate Lending SDK, both via GitHub Packages) and GraphQL APIs hosted on The Graph across Ethereum, Arbitrum, and Filecoin subgraphs, with USDFC subgraph in development. Leadership combines deep traditional-finance pedigree — the CEO is a former HSBC Head of Derivatives Structuring with 17+ years in derivatives, and the Head of Markets is a former Goldman Sachs Co-Head of G10 FX Forwards/STIR Trading and Capula hedge fund manager — with blockchain-native engineering (ex-Securitize and Accenture Smart Contract Lead, IIT Delhi-trained software engineer).
The business model is protocol-native rather than SaaS-based: revenue is generated through transaction fees on lending, borrowing, trading, and liquidations, plus Stability Pool and liquidation penalty flows, though no fee schedule is publicly disclosed. Go-to-market is self-serve and community-led, distributing exclusively through web applications (app.secured.finance and app.usdfc.net), with user acquisition driven by the Secured Finance Points (SFP) loyalty system and Secured Finance Coin (SFC) governance-token airdrops (up to 3% of supply allocated to early depositors and traders, tiered against TVL milestones). The company targets both individual DeFi users and institutional/professional fixed-income traders on a horizontal segmentation basis, and is backed by tier-1 crypto investors including Consensys, Protocol Labs, Huobi Ventures, GSR, Fintech Collective, HOF Capital, and others, with approximately $8.08M disclosed across funding rounds.
Secured Finance firmographics
Firmographics- Name
- Secured Finance
- Legal name
- Secured Finance
- Website
- https://secured.finance
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Secured Finance is a non-custodial DeFi 2.0 protocol offering on-chain fixed-rate lending, zero-coupon bond trading, and a Filecoin-backed USDFC stablecoin across multiple blockchains. It serves both retail DeFi users and institutional fixed-income traders via self-serve web applications.
- Ownership category
- akta.pro rank
Secured Finance industry classification
Industry- Product category
- Decentralized Finance (DeFi) Lending Protocol
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)
- akta.pro secondary industries
- Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG), Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG)
Keywords
Where Secured Finance is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Markets served
Secured Finance business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Protocol Fees: The protocol generates revenue through transaction fees on lending, borrowing, and trading activities executed on the Fixed-Rate Lending Protocol. Fees are applied to transactions including order execution, liquidations, and other protocol operations.
- Stability Pool & Liquidation Revenue: Revenue generated from liquidation penalties and Stability Pool rewards when under-collateralized positions are liquidated.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Secured Finance product offering
Product offeringCore offering
Secured Finance operates a non-custodial, on-chain DeFi 2.0 protocol enabling fixed-rate lending, borrowing, and zero-coupon bond trading through an on-chain order book. Its core products are the Fixed-Rate Lending Protocol (deployed across Ethereum, Arbitrum, and Filecoin) and the USDFC stablecoin, a Filecoin-backed token minted by locking FIL as collateral. The protocol supports tokenized real-world asset (RWA) collateral and offers advanced instruments including forward loans, FX, and structured derivatives for institutional fixed-income trading.
Product overview
Secured Finance is a next-generation DeFi 2.0 platform combining fixed-rate lending with RWA tokenization and stablecoin capabilities. The platform operates two core products: the USDFC Stablecoin (a Filecoin-backed stablecoin enabling mint and lending with on-chain yield) and the Fixed-Rate Lending Protocol (supporting lending, borrowing, and RWA-collateral loans with predictable fixed rates and zero-coupon bond trading). Supporting products include the Yield Vault for automated on-chain rate structuring, USDFC and Fixed-Rate Lending JavaScript SDKs for developer integration, the SFC governance token, and the SFP loyalty points system.
Differentiator
Problem solved
Functional benefit
Brands
- USDFC: Filecoin-backed stablecoin that enables minting and lending on the Filecoin blockchain. A collateralized debt platform where users can lock FIL as collateral and issue USDFC stablecoin tokens.
- SFC (Secured Finance Coin)
- SFP (Secured Finance Points)
Products and services
- Fixed-Rate Lending Protocol DeFi 2.0 protocol enabling fixed-rate lending and borrowing with on-chain order books, zero-coupon bond trading, customizable interest rate strategies, transparent yield curves, and advanced hedging instruments (forward loans, FX, structured derivatives). Targeted at individual DeFi users and institutional fixed-income traders; supports tokenized RWA collateral.
- USDFC Stablecoin Filecoin-backed stablecoin on the Filecoin blockchain. Users lock FIL as collateral in a collateralized debt position to mint USDFC tokens, then deploy USDFC into Secured Finance's on-chain lending markets or RWA yield strategies. Targeted at DeFi users seeking Filecoin-network stablecoin liquidity and on-chain yield.
- Yield Vault On-chain yield optimization product that accepts user deposits and automatically allocates them to strategies (such as the JPYC Fixed-Income Strategy) to generate variable yield. Users receive vault shares representing proportional ownership of the underlying strategy. Targeted at DeFi users seeking automated, structured yield on stablecoin deposits.
- Secured Finance Points (SFP) Non-transferable loyalty points program rewarding user contributions and engagement with the Secured Finance protocol. Points accrue from deposits, limit orders within 20% of mark price, active positions, referrals, and daily logins, and serve as the reference for SFC token airdrop allocations (up to 3% of total SFC supply). Targeted at active platform users seeking to qualify for SFC governance token airdrops.
- USDFC SDK JavaScript SDK built on ethers.js for integrating with the USDFC stablecoin protocol. Provides lib-ethers (core protocol interaction), lib-react (React hooks and components), and lib-base (type definitions), distributed via GitHub Packages. Targeted at developers building third-party applications on top of USDFC.
- Fixed-Rate Lending SDK JavaScript SDK for integrating with the Fixed-Rate Lending Protocol, enabling programmatic lending, borrowing, order placement, and position management on the protocol's on-chain order book. Targeted at developers and institutional integrators building fixed-income DeFi applications.
- Secured Finance Coin (SFC) Governance token for the Secured Finance protocol. Up to 3% of total SFC supply is allocated for airdrops to early depositors and traders based on TVL milestones (1% base, scaling to 3% if TVL reaches $100M), with additional allocations for active community participants including Galxe OAT holders. Targeted at active platform users and governance participants.
- JPYC-Based Fixed-Income Product Suite Fixed-income product suite built on JPYC, integrated with the Yield Vault. Provides Japanese yen stablecoin-denominated fixed-income strategies, extending Secured Finance's on-chain fixed-rate lending capabilities to JPYC holders. Targeted at JPYC holders and institutional users seeking yen-denominated on-chain fixed-income exposure.
- Secured Finance GraphQL API (via The Graph) GraphQL API layer powered by The Graph subgraphs for querying data from the Fixed-Rate Lending Protocol, including protocol state, user positions, lending markets, orders, transactions, liquidations, and transfers, with endpoints across Ethereum, Arbitrum, and Filecoin networks. Targeted at developers and integrators building applications and analytics on top of Secured Finance.
Quantifiable outcome
- Up to 3% SFC token rewards for early depositors and traders
- +1 more outcomes
Companies that use Secured Finance
Customer profileSegments2 records
Ideal customer profiles2 records
Secured Finance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature7 records
Secured Finance partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- DigiFTcoreIntegration of DigiFT-distributed tokenized real-world assets (RWAs) as eligible on-chain collateral within the Secured Finance DeFi protocol. Users can pledge UBS uMINT tokens to access on-chain liquidity, advancing tokenized cash-equivalent assets for liquidity management in digital finance.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Secured Finance competitors and assessment
Company assessmentBroad incumbents
- Aave: Aave is the dominant DeFi lending protocol with billions in TVL across variable-rate money markets. It is the primary incumbent Secured Finance must differentiate against, though it does not offer true fixed-rate lending or zero-coupon bond trading.
- Compound: Compound is one of the original DeFi lending protocols offering algorithmic, variable-rate money markets. Like Aave, it lacks fixed-rate instruments, making it a benchmark for the gap Secured Finance targets.
- MakerDAO: MakerDAO issues the DAI stablecoin via overcollateralized vaults and is expanding into RWA collateral via its Endgame plan. It is comparable to Secured Finance as a stablecoin-and-collateralization platform, though at vastly greater scale and with different governance.
Direct peers
- Notional Finance: Notional Finance is a fixed-rate, fixed-term lending and borrowing protocol on Ethereum using fCash/NCT primitives. It is the closest direct competitor to Secured Finance's zero-coupon bond model.
- Pendle Finance: Pendle is a DeFi protocol for tokenizing yield and trading fixed-income-like instruments via PT/YT splits. It addresses a similar institutional fixed-yield use case as Secured Finance, though via yield stripping rather than an order book.
- Element Finance: Element Finance pioneered DeFi fixed-rate lending and zero-coupon bonds using a Yield Token model. It is a direct peer in fixed-rate DeFi and shares architectural overlap with Secured Finance's product design.
Emerging players
- Morpho: Morpho is an emerging lending optimizer built on top of Aave/Compound, recently expanding into fixed-rate and RWA markets via Morpho Blue. It is a rapidly growing peer at the intersection of lending optimization and structured fixed-income.
- Maple Finance: Maple Finance is an institutional on-chain credit marketplace offering undercollateralized lending pools. It targets institutional borrowers and is comparable to Secured Finance's institutional fixed-income ambitions.
- TrueFi: TrueFi is a DeFi protocol for uncollateralized institutional lending using credit scoring. It overlaps with Secured Finance's institutional lending focus but uses a fundamentally different credit model.
- Goldfinch: Goldfinch is a DeFi credit protocol focused on real-world lending in emerging markets. It shares Secured Finance's interest in bridging DeFi and real-world credit, though it focuses on off-chain borrower underwriting rather than tokenized collateral.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Secured Finance social profiles
Digital presenceSecured Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Secured Finance leadership team
Management profileNumber of profiles
Profiles4 records
Secured Finance funding detail
Funding detailFunding overview
Funding rounds3 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Secured Finance 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 Secured Finance
What does Secured Finance do?
Secured Finance operates a non-custodial, on-chain DeFi 2.0 protocol enabling fixed-rate lending, borrowing, and zero-coupon bond trading through an on-chain order book. Its core products are the Fixed-Rate Lending Protocol (deployed across Ethereum, Arbitrum, and Filecoin) and the USDFC stablecoin, a Filecoin-backed token minted by locking FIL as collateral. The protocol supports tokenized real-world asset (RWA) collateral and offers advanced instruments including forward loans, FX, and structured derivatives for institutional fixed-income trading.
Is Secured Finance a public or private company?
Secured Finance is a private company. It is classified as venture growth investor backed and is currently operating.
When was Secured Finance founded?
Secured Finance was founded in 2020. It employs 1 to 10 people.
Where is Secured Finance based?
Secured Finance is headquartered in Zug, Switzerland, in the Europe region.
How does Secured Finance make money?
Two revenue lines are on record. Protocol Fees are the primary driver. The others are stability Pool & Liquidation Revenue.
Who are Secured Finance's main competitors?
Broad incumbents on record are Aave, Compound and MakerDAO. Direct peers are Notional Finance, Pendle Finance and Element Finance. Emerging players are Morpho, Maple Finance, TrueFi and Goldfinch.
Does Secured Finance have an API?
Yes. Secured Finance provides GraphQL APIs via The Graph protocol for querying data from the Fixed-Rate Lending protocol. The API supports read operations to query protocol state, user positions, lending markets, orders, transactions, liquidations, and transfers. Endpoints are available for Ethereum Mainnet/Sepolia, Arbitrum One/Sepolia, and Filecoin Mainnet. Interactive API documentation is provided with 'Test It' functionality through GitBook's OpenAPI integration. The USDFC Subgraph is currently under development and not yet deployed. Developer documentation is at docs.secured.finance/developer-portal/api-reference.
What industry is Secured Finance in?
Secured Finance's product category is Decentralized Finance (DeFi) Lending Protocol. Its primary akta.pro industry code is FSADAFAB, Decentralized Lending Protocols (DeFi Money Markets), with a secondary code of FSAPAEAB, Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption). Its NAICS code is 522320 and its SIC code is 6199.