OpenDelta
OpenDelta is an API-first, Solana-based platform that enables asset managers, fintechs, and treasuries to create, operate, and distribute onchain financial products, including its flagship crypto-native index NX8, with institutional custody and DeFi-native distribution.
- Company typePrivate
- Founded2024
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What OpenDelta does
OpenDelta is a London-headquartered, Marshall Islands-domiciled (OPEN DELTA DAO LLC) onchain asset management platform founded in 2024. The company provides an API-first modular framework for creating, operating, and distributing onchain financial products, covering the full lifecycle from custody and operations through mint/redeem issuance to secondary-market distribution. The platform is built primarily on Solana, uses LayerZero's Omnichain Fungible Token (OFT) standard for multichain compatibility, and combines institutional-grade custody (Anchorage, Hex Trust, ForDeFi MPC) with permissionless DeFi distribution across venues such as Orca, Jupiter, Kamino, Dflow, Raydium, Uniswap, and Manifest.
The product suite currently centers on crypto-native index products. NX8, launched in February 2026 in partnership with Nansen under Nansen's Joint Venture Protocol, tracks the eight largest Layer-1 blockchains (BTC, ETH, SOL, BNB, TRON, HYPE, AVAX, SUI) with quarterly rebalancing, no management fees, and staking-yield distribution to holders. Its predecessor OG30, which tracked the top 30 digital assets via GMCI's GMCI30 methodology with Wintermute as market maker, was deprecated and wound down in December 2025 after underlying constituents were converted to USDC. Beyond index products, the platform supports stablecoins, structured products, and yield-bearing instruments, evidenced by the originally planned USDO and OPB (OpenDelta Perpetual Bond) products.
OpenDelta monetizes primarily through yield activation on basket assets (staking, lending, DeFi money markets), legacy management fees on OG30 (daily NAV deduction, percentage undisclosed), and platform-level fees that issuers can layer on products built on the framework. The go-to-market is product-led and partnership-driven, targeting three primary B2B segments — asset managers seeking onchain AUM growth, fintechs layering management fees into existing flows, and corporate treasuries tokenizing balance sheets for borrowing and yield — with distribution reaching end users permissionlessly via Solana DEXs and aggregators. Revenue, AUM, and unit economics are not publicly disclosed.
OpenDelta firmographics
Firmographics- Name
- OpenDelta
- Legal name
- OPEN DELTA DAO LLC
- Website
- https://opendelta.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- OpenDelta is an API-first, Solana-based platform that enables asset managers, fintechs, and treasuries to create, operate, and distribute onchain financial products, including its flagship crypto-native index NX8, with institutional custody and DeFi-native distribution.
- Ownership category
- akta.pro rank
OpenDelta industry classification
Industry- Product category
- Onchain Asset Management Platform
- NAICS
- Software Publishers (5132), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Decentralized Exchanges (DEX) & AMMs (FSADAMAB)
- akta.pro secondary industries
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Launchpads, IDOs & Token Distribution via DEXs (FSADABAL)
Keywords
Where OpenDelta is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
OpenDelta business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Index Product Management Fees: NX8 has no management fees. For legacy product OG30, management fees are applied to NAV daily. The company generates revenue through yield activation from staking, lending, and DeFi activities, with underlying real yield distributed to users.
- Yield Activation: OpenDelta generates additional yield from basket assets through staking native tokens, lending, and depositing into DeFi money markets. Rewards generated are distributed to token holders through staking mechanisms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | NX8 Index - No Management Fee |
| Subscription | Monthly | OG30 Legacy - Management Fee |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels5 records
OpenDelta product offering
Product offeringCore offering
OpenDelta operates an API-first modular framework for creating, operating, and distributing onchain financial products. The platform covers the full product lifecycle including operations (custody, universal ledger, data reconciliation, investor reporting), issuance (mint/redeem facilities, yield distribution, NAV verification, proof of reserves), and distribution (liquidity provisioning across DEXs, RFQ venues, CLOB exchanges, lending market collateralization). The flagship product NX8 is a crypto-native index tracking the eight largest Layer-1 blockchains, issued on Solana via LayerZero's OFT standard.
Product overview
OpenDelta is a modular platform for creating, operating, and distributing onchain financial products, covering the full product lifecycle from operations and issuance to distribution. The platform supports multiple product types including index products (OG30, NX8) tracking various crypto assets and market segments, as well as structured products. The core platform provides infrastructure for custody management, yield distribution, liquidity provisioning across DEXs and exchanges, and investor reporting. Products are accessible through Solana DeFi ecosystem with institutional-grade custody via Anchorage and Hex Trust, and integrate with lending protocols like Morpho and Kamino for collateral utilization.
Differentiator
Problem solved
Functional benefit
Products and services
- NX8 Crypto-native index product tracking the eight largest Layer 1 blockchains (BTC, ETH, SOL, BNB, TRON, HYPE, AVAX, SUI) underpinning crypto use cases including stablecoin payments, perps, DeFi, RWAs, and store of value. Issued on Solana using LayerZero's Omnichain Fungible Token standard. No management fees; underlying real yield from staking is distributed to users through partner applications.
- OpenDelta Platform API-first modular framework for creating, operating, and distributing onchain financial products at any scale. Covers full lifecycle including custody and control management across self and institutional custody, universal ledger translating onchain actions into double-entry bookkeeping, unified data layer for reconciliation, investor reporting, mint/redeem facilities, yield distribution, NAV verification, and liquidity provisioning. Policy-governed end to end with setup in days.
- OG30 (Legacy) Legacy crypto-native index product tracking the top 30 cryptocurrencies by market cap based on the GMCI30 benchmark. Over 80% was allocated to BTC, ETH, SOL, BNB, and XRP, with monthly rebalancing via OTC desks and exchanges such as Binance. Deprecated and no longer actively maintained.
- OpenDelta Perpetual Bond (OPB) Yield-bearing perpetual bond product that achieved over $5M in TVL at launch. Built on Solana using OpenDelta's modular framework, providing investors with a yield-bearing on-chain bond product.
Quantifiable outcome
- Over 80% of OG30 allocated to BTC, ETH, SOL, BNB, and XRP
- +1 more outcomes
Companies that use OpenDelta
Customer profileSegments4 records
Ideal customer profiles3 records
OpenDelta technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
Feature3 records
OpenDelta partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered flagship, core and minor.
- NansenflagshipNansen partnered with OpenDelta to release NX8 index product as the first project under Nansen's Joint Venture Protocol. Nansen provides ecosystem partnership, analytics expertise, and Nansen Points rewards for NX8 users. This is a flagship strategic partnership for launching the NX8 product tracking top Layer-1 blockchains.
- GMCIcoreGMCI provides the index methodology for OpenDelta's products. GMCI30 benchmark is used for OG30, and GMCI provides the methodology for NX8 composition. GMCI is a regulated European index provider compliant with European Benchmark Regulation (BMR).
- WintermutecoreWintermute serves as the leading market maker and liquidity provider for OpenDelta index products, ensuring institutional-grade liquidity provision and deep market access.
- AnchoragecoreAnchorage provides institutional-grade custody for NX8 and OpenDelta products, offering asset segregation and regulatory compliance for institutional participants.
- Hex TrustcoreHex Trust provides institutional-grade custody services for NX8, ensuring secure asset safeguarding and regulatory compliance alongside Anchorage.
- LayerZerocoreLayerZero provides the Omnichain Fungible Token (OFT) standard enabling NX8's multichain compatibility and cross-chain functionality on Solana.
- ForDeFicoreForDeFi provides MPC (Multi-Party Computation) wallet infrastructure with distributed key management and policy-based access controls for self-custody solutions.
- OrcacoreOrca is a Solana DEX providing primary trading venue for NX8 and OpenDelta products, enabling users to buy and sell index tokens.
- JupitercoreJupiter RFQ aggregator on Solana provides liquidity aggregation and trading access for NX8 users.
- KaminocoreKamino lending protocol integration for NX8, enabling collateral utilization and yield generation for index products.
- DflowminorDflow provides Solana-based liquidity aggregation for NX8 trading.
- MorphominorMorpho lending integration for collateral utilization in OpenDelta products.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
OpenDelta competitors and assessment
Company assessmentDirect peers
- Index Coop: Decentralized index product issuer on Ethereum offering tokenized crypto baskets (e.g., DPI, MVI). Directly comparable to OpenDelta's NX8/OG30 index product model, with the difference that Index Coop focuses on Ethereum-centric DeFi while OpenDelta is Solana-anchored.
- PieDAO: Decentralized protocol issuing tokenized crypto index portfolios (BCP, DEFI++, etc.). A direct peer in the crypto index space, competing for similar investor demand for diversified onchain exposure.
- Indexed Finance: Ethereum-based protocol offering passively managed, weighted index pools of crypto assets. Direct competitor in the onchain index product category, with a similar thesis of bringing index-style investing onchain.
- Set Protocol (TokenSets): One of the earliest tokenized crypto strategy protocols (rebranded as TokenSets), issuing baskets and automated trading strategies as ERC-20 tokens. Direct historical peer in the onchain index/structured product category.
Broad incumbents
- Pendle Finance: Larger DeFi protocol for trading and tokenizing yield via PT/YT structures. Adjacent incumbent that overlaps with OpenDelta's yield-bearing product thesis (OPB, USDO) but is more established and better resourced.
- Securitize: Tokenization platform enabling regulated issuance and management of digital securities and funds. Broader incumbent in the tokenization infrastructure space that competes with OpenDelta for asset managers and treasuries seeking onchain products.
- Centrifuge: Tokenization platform focused on real-world assets (RWAs) such as invoices and trade finance. Comparable as a tokenized-fund infrastructure player, though focused on credit/RWA rather than crypto index baskets.
- Maple Finance: Institutional-grade onchain credit platform with comparable institutional rails (custody, KYC, compliance). Broader incumbent in the institutional DeFi space that targets similar asset-manager and treasury customers.
Emerging players
- dHEDGE: Decentralized asset management protocol that tokenizes trading strategies on Ethereum. An emerging peer with thematic overlap on tokenized onchain strategies, though with a manager-driven rather than index-driven product model.
Others
- GMCI: Regulated European crypto index methodology provider that supplies the GMCI30 benchmark and NX8 index methodology to OpenDelta. Included as an ecosystem/enabling peer because of its central role in OpenDelta's index construction, not as a direct competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
OpenDelta social profiles
Digital presenceOpenDelta compliance and trust
Trust signalCompliance5 records
OpenDelta financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenDelta leadership team
Management profileNumber of profiles
Profiles2 records
OpenDelta funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenDelta 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 OpenDelta
What does OpenDelta do?
OpenDelta operates an API-first modular framework for creating, operating, and distributing onchain financial products. The platform covers the full product lifecycle including operations (custody, universal ledger, data reconciliation, investor reporting), issuance (mint/redeem facilities, yield distribution, NAV verification, proof of reserves), and distribution (liquidity provisioning across DEXs, RFQ venues, CLOB exchanges, lending market collateralization). The flagship product NX8 is a crypto-native index tracking the eight largest Layer-1 blockchains, issued on Solana via LayerZero's OFT standard.
Is OpenDelta a public or private company?
OpenDelta is a private company. It is classified as venture growth investor backed and is currently operating.
When was OpenDelta founded?
OpenDelta was founded in 2024. It employs 1 to 10 people.
Where is OpenDelta based?
OpenDelta is headquartered in London, United Kingdom, in the Europe region.
How does OpenDelta make money?
Two revenue lines are on record. Index Product Management Fees are the primary driver. The others are yield Activation.
Who are OpenDelta's main competitors?
Direct peers on record are Index Coop, PieDAO, Indexed Finance and Set Protocol (TokenSets). Broad incumbents are Pendle Finance, Securitize, Centrifuge and Maple Finance. dHEDGE is listed as an emerging player. GMCI is listed as an others.
Does OpenDelta have an API?
No public API is recorded for OpenDelta.
What industry is OpenDelta in?
OpenDelta's product category is Onchain Asset Management Platform. Its primary akta.pro industry code is FSADAMAB, Decentralized Exchanges (DEX) & AMMs, with a secondary code of FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 5132 and its SIC code is 6200.