Elysium Lab
Elysium Lab was a Swiss startup building the Elysium Wallet, a keyless non-custodial Bitcoin self-custody application powered by its patent-pending KARE SDK, serving individual Bitcoin users across 30+ countries. It was acquired by Blockstream in July 2025.
- Company typePrivate
- Founded2022
- HeadquartersLugano, Switzerland
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Elysium Lab does
Elysium Lab is a Swiss-based, venture-backed startup founded in Lugano in 2022 (some sources cite 2023) by Aron Clementi (CEO) and Gianmarco Guazzo (CTO), operating in the Bitcoin infrastructure and digital-asset self-custody space. The company's core product is the Elysium Wallet — a keyless, non-custodial Bitcoin wallet distributed via a self-serve, product-led growth motion across 30+ countries on Bitcoin, Lightning, and Liquid networks. Its primary technical innovation is the KARE SDK, a patent-pending keyless authentication and identity solution that eliminates the need for seed phrases while preserving self-custody, addressing the dominant onboarding and recovery friction point in Bitcoin wallet adoption.
The company's revenue model is built on transaction fees generated across the supported networks, with no publicly disclosed pricing tiers or contract structures. Customers are individual Bitcoin and cryptocurrency users — a long-tail consumer/SMB segment — and no enterprise logos or anchor accounts are disclosed. The company raised approximately $720,347 across three rounds between July 2023 and April 2024, with Fulgur Ventures as the lead investor across the bridge tranches and Tenity as an earlier backer. As of July 2025, Elysium Lab has been fully acquired by Blockstream, a leading Bitcoin infrastructure company, and the Elysium Lab team and KARE SDK technology now drive Blockstream's European expansion and R&D operations rather than operating as a standalone product.
Elysium Lab firmographics
Firmographics- Name
- Elysium Lab
- Legal name
- Elysium Lab SAGL
- Website
- https://elysiumlab.io
- Company type
- Private
- Founded year
- 2022
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Elysium Lab was a Swiss startup building the Elysium Wallet, a keyless non-custodial Bitcoin self-custody application powered by its patent-pending KARE SDK, serving individual Bitcoin users across 30+ countries. It was acquired by Blockstream in July 2025.
- Ownership category
- akta.pro rank
Elysium Lab industry classification
Industry- Product category
- Cryptocurrency Wallets
- akta.pro primary industry
- Self-Custody Wallets (EOA, seed phrase, HD wallets) (FSAPACAA)
- akta.pro secondary industry
- Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK)
Keywords
Where Elysium Lab is headquartered
LocationHeadquarters
- HQ city
- Lugano
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Elysium Lab business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Wallet Application: Non-custodial Bitcoin wallet generating revenue through transaction fees on Bitcoin, Lightning, and Liquid networks. The company was acquired by Blockstream in 2025, transitioning to Blockstream's infrastructure division.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Non-custodial wallet service |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Elysium Lab product offering
Product offeringCore offering
Elysium Lab developed and distributed the Elysium Wallet, a keyless, non-custodial Bitcoin self-custody application that eliminates seed phrases while supporting Bitcoin, Lightning, and Liquid networks across 30+ countries. The wallet is powered by the patent-pending KARE SDK, which provides keyless authentication and identity on Bitcoin. Following the July 2025 acquisition by Blockstream, the team and KARE SDK now operate under Blockstream's R&D division.
Product overview
Elysium Lab offered a unified product portfolio centered on the Elysium Wallet, a keyless, non-custodial Bitcoin self-custody solution. The KARE SDK served as the underlying patent-pending technology powering the wallet's keyless authentication and identity capabilities. The wallet eliminated traditional seed phrases while supporting Bitcoin, Lightning, and Liquid networks across 30+ countries. The company was acquired by Blockstream in 2025, with the team and technology now driving Blockstream's European expansion and R&D.
Differentiator
Problem solved
Functional benefit
Brands
- Elysium Wallet: Keyless, non-custodial Bitcoin self-custody wallet supporting Bitcoin, Lightning, and Liquid across 30+ countries.
- KARE SDK
Products and services
- Elysium Wallet A keyless, non-custodial Bitcoin self-custody wallet that eliminates seed phrases, supporting Bitcoin, Lightning, and Liquid networks across 30+ countries. Targeted at individual Bitcoin users seeking simplified self-custody without traditional seed phrase management.
- KARE SDK A patent-pending keyless authentication and identity SDK that powers the Elysium Wallet, enabling secure self-custody and identity on Bitcoin without traditional seed phrase management.
Companies that use Elysium Lab
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Elysium Lab technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Elysium Lab partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- BlockstreamcoreBlockstream acquired Elysium Lab and launched Swiss headquarters. The acquisition strengthens Blockstream's position in European Bitcoin infrastructure, with Elysium Lab's team and technology now driving Blockstream's European expansion and R&D.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Elysium Lab competitors and assessment
Company assessmentBroad incumbents
- Blockstream: Blockstream is now Elysium Lab's parent company and operates the Blockstream Green Bitcoin wallet plus Liquid Network infrastructure. It is the most directly comparable incumbent because it shares the same target users (Bitcoin self-custody) and overlapping tech stack (Liquid, Lightning), but operates at meaningfully larger scale.
- Trust Wallet: Trust Wallet, owned by Binance, is one of the largest multi-chain self-custody wallets. It is broader in scope than Elysium (multi-chain vs Bitcoin-only) but competes for the same self-custody user mindshare and serves as a meaningful incumbent benchmark.
- Exodus: Exodus is a multi-chain self-custody wallet with desktop and mobile clients. Like Trust Wallet, it competes with Elysium for self-custody users but offers a much broader asset set, making it a broad incumbent rather than a direct Bitcoin-only competitor.
Direct peers
- BlueWallet: BlueWallet is a Bitcoin-only self-custody wallet with strong Lightning Network support and a self-serve, mobile-first product. It competes for the same individual Bitcoin users Elysium targets and offers a comparable Lightning UX, making it a directly comparable peer.
- Phoenix Wallet: Phoenix, built by ACINQ, is a non-custodial Bitcoin and Lightning wallet focused on simplified UX for everyday payments. It competes directly with Elysium Wallet for the same Lightning-focused, UX-sensitive user segment.
- Muun: Muun is a non-custodial Bitcoin and Lightning wallet emphasizing simple UX and on-chain/Lightning interoperability. It targets the same simplified-self-custody user that Elysium does, making it a directly comparable peer.
- Samourai Wallet: Samourai is a non-custodial Bitcoin wallet emphasizing privacy, on-chain CoinJoin, and self-custody. While its privacy focus differs from Elysium's keyless UX focus, it competes for the same security-conscious Bitcoin self-custody user.
- Zengo: Zengo is a non-custodial wallet that uses MPC (multi-party computation) to eliminate seed phrases, the same keyless-recovery problem Elysium's KARE SDK targets. Zengo is the closest peer in terms of underlying authentication architecture and consumer value proposition.
- Wasabi Wallet: Wasabi is a non-custodial Bitcoin wallet with built-in CoinJoin privacy. It serves security- and privacy-focused Bitcoin self-custody users, overlapping with Elysium's Bitcoin-only positioning.
Emerging players
- Nunchuk: Nunchuk is a Bitcoin-focused collaborative custody and multisig wallet. It targets a more advanced user segment than Elysium but competes in the same Bitcoin self-custody category and represents an emerging alternative architecture.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Elysium Lab social profiles
Digital presenceElysium Lab financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elysium Lab leadership team
Management profileNumber of profiles
Profiles4 records
Elysium Lab funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elysium Lab 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 Elysium Lab
What does Elysium Lab do?
Elysium Lab developed and distributed the Elysium Wallet, a keyless, non-custodial Bitcoin self-custody application that eliminates seed phrases while supporting Bitcoin, Lightning, and Liquid networks across 30+ countries. The wallet is powered by the patent-pending KARE SDK, which provides keyless authentication and identity on Bitcoin. Following the July 2025 acquisition by Blockstream, the team and KARE SDK now operate under Blockstream's R&D division.
Is Elysium Lab a public or private company?
Elysium Lab is a private company. It is classified as corporate owned and is currently acquired.
When was Elysium Lab founded?
Elysium Lab was founded in 2022. It employs 1 to 10 people.
Where is Elysium Lab based?
Elysium Lab is headquartered in Lugano, Switzerland, in the Europe region.
How does Elysium Lab make money?
One revenue line is on record: wallet Application.
Who are Elysium Lab's main competitors?
Broad incumbents on record are Blockstream, Trust Wallet and Exodus. Direct peers are BlueWallet, Phoenix Wallet, Muun, Samourai Wallet, Zengo and Wasabi Wallet. Nunchuk is listed as an emerging player.
Does Elysium Lab have an API?
No public API is recorded for Elysium Lab.
What industry is Elysium Lab in?
Elysium Lab's product category is Cryptocurrency Wallets. Its primary akta.pro industry code is FSAPACAA, Self-Custody Wallets (EOA, seed phrase, HD wallets), with a secondary code of FSAPABAK, Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys).