Narval

Institutional Digital Asset / DeFi Infrastructurenarval.xyz

Narval provides an institutional-grade wallet connector platform enabling custodians and wallet providers to offer secure DeFi access to their clients from within custody environments, with a policy engine and curated DeFi protocol catalog.

Company typePrivate
Founded2022
HeadquartersParis, France
Headcount1–10
GTM typeB2B
OfferingSoftware

Narval firmographics

Firmographics

Name: Narval
Website: https://narval.xyz
Company type: Private
Founded year: 2022
Operating status: Operating
Headcount range: 1–10 employees
Short description: Narval provides an institutional-grade wallet connector platform enabling custodians and wallet providers to offer secure DeFi access to their clients from within custody environments, with a policy engine and curated DeFi protocol catalog.
Ownership category
akta.pro rank

Narval industry classification

Industry

Product category: Institutional Digital Asset / DeFi Infrastructure
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
SIC: Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
akta.pro primary industry: Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK)
akta.pro secondary industries: Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG), DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)

Keywords

Institutional DeFi gateway
Crypto custody infrastructure
Wallet connector platform
Institutional Web3 access
On-chain asset management

Where Narval is headquartered

Location

Headquarters

HQ city: Paris
HQ country: France
HQ region: Europe

Markets served

Narval business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

Platform Services for Custodians: Revenue model not explicitly disclosed in available sources. The platform provides institutional-grade wallet connectivity services, implying a B2B subscription or usage-based model for custodians and dApp integrations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Narval product offering

Product offering

Core offering

Narval provides an institutional-grade wallet connector platform, branded as the Institutional DeFi Gateway, that enables institutional custodians, wallet providers, and DeFi dApps to access decentralized finance protocols directly from custody environments. The platform includes a granular policy engine, a curated catalog of whitelisted DeFi protocols (including Aave, Morpho, Ethena, Spark, Steakhouse, Gauntlet, Re7, Tesseract, and Railnet), multi-layered transaction whitelisting and decoding to prevent blind signing, and embedded transaction workflows with real-time status updates.

Differentiator

Problem solved

Functional benefit

Products and services

Narval Institutional DeFi Gateway A purpose-built connectivity platform that enables institutional wallets and custodians to access DeFi protocols (Aave, Morpho, Ethena, Spark, Steakhouse, Gauntlet, Re7, Tesseract, Railnet) directly from custody environments. Provides a curated catalog of whitelisted, verified DeFi protocols, multi-layered transaction whitelisting and decoding to prevent malicious transactions, an embedded transaction workflow with real-time status updates, and a granular policy engine for access and permissions control over crypto and NFTs.

Companies that use Narval

Customer profile

Segments2 records

Ideal customer profiles2 records

Narval technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Narval partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

BitGocoreTechnology or IntegrationBitGo is referenced as the custody provider powering Narval's DeFi connectivity, enabling 'DeFi from BitGo custody' functionality for institutional wallets.

Scale indicators2 records

Narval competitors and assessment

Company assessment

Direct peers

Fordefi: Fordefi is an institutional MPC wallet and DeFi access platform that lets institutions transact on-chain from a self-custody environment. It is the closest direct competitor to Narval's institutional DeFi gateway, with similar policy controls and DeFi protocol coverage.

Broad incumbents

Fireblocks: Fireblocks is a leading institutional digital-asset custody and transfer platform with built-in DeFi access and policy engine capabilities. It competes with Narval indirectly as a broader custody suite that includes the same institutional DeFi connectivity use case.
Anchorage Digital: Anchorage is a federally chartered crypto bank offering institutional custody with staking and on-chain access. Its broader regulated custody + DeFi offering overlaps with Narval's custodian-to-DeFi value proposition, but at much larger scale.
Hex Trust: Hex Trust provides institutional digital-asset custody and on-chain access, including DeFi connectivity for funds and banks. It is a comparable broad incumbent targeting the same institutional segment that Narval addresses via its connector.
Coinbase Prime: Coinbase Prime offers institutional custody, financing and trading with growing DeFi access features. It is a broad incumbent in the same institutional segment Narval targets via its custodian integrations.

Emerging players

Utila: Utila is an institutional crypto operations platform offering MPC wallets, policy controls and DeFi access. It is an emerging player overlapping with Narval's institutional wallet-to-DeFi gateway use case, particularly for digital asset custodians and trading desks.
Safe (formerly Gnosis Safe): Safe is a leading smart-account protocol enabling multi-sig and policy-controlled on-chain wallets. It overlaps with Narval's smart-wallet connector concept at the protocol layer and increasingly targets institutional DeFi access use cases.
Zerohash: Zerohash provides embedded crypto and stablecoin infrastructure for institutions, including custody and on-chain execution rails. It is an emerging player in the institutional on-chain infrastructure space adjacent to Narval's gateway offering.
Dynamic: Dynamic is a wallet-as-a-service and smart-account platform for institutions and fintechs. It overlaps with Narval on wallet connectivity and account-abstraction infrastructure, though Dynamic focuses more broadly on embedded wallets across Web3 use cases.

Regional players

FalconX: FalconX is an institutional digital-asset brokerage and custody platform offering trading and yield access including DeFi. It is comparable in serving institutional clients seeking DeFi exposure, but is more brokerage-led than connector-led.

Market position

Customer concentration

Narval financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Narval leadership team

Management profile

Number of profiles

Profiles2 records

Narval funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors7 records

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

Narval M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Narval

What does Narval do?

Is Narval a public or private company?

Narval is a private company. It is classified as venture growth investor backed and is currently operating.

When was Narval founded?

Narval was founded in 2022. It employs 1 to 10 people.

Where is Narval based?

Narval is headquartered in Paris, France, in the Europe region.

How does Narval make money?

One revenue line is on record: platform Services for Custodians.

Who are Narval's main competitors?

Fordefi is listed as a direct peer. Broad incumbents are Fireblocks, Anchorage Digital, Hex Trust and Coinbase Prime. Emerging players are Utila, Safe (formerly Gnosis Safe), Zerohash and Dynamic. FalconX is listed as a regional player.

Does Narval have an API?

No public API is recorded for Narval.

What industry is Narval in?

Narval's product category is Institutional Digital Asset / DeFi Infrastructure. Its primary akta.pro industry code is FSAPABAK, Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys), with a secondary code of FSAGAMAG, Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending). Its NAICS code is 522320 and its SIC code is 6200.