Vesto
Vesto provides blockchain-based digital asset infrastructure for businesses, offering non-custodial smart wallets, USDC CeFi corporate treasury yield, tokenization, and white-label crypto banking-as-a-service to financial institutions, fintechs, and corporate treasury clients.
- Company typePrivate
- Founded2019
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Vesto does
Vesto is a digital asset infrastructure company providing enterprises with blockchain-based banking tools, including non-custodial smart wallets, tokenization services, and CeFi yield-generating corporate treasury products. The platform is built on Ethereum and Polygon and consists of modular components — the VWallet non-custodial smart wallet with multi-sig access controls, the proprietary VSwap smart contract for on-chain token price management, and a Tokenization Engine that mints ERC-20, ERC-721, and ERC-1155 compliant tokens representing real-world assets. Compliance infrastructure is delivered via FinClusive's CaaS platform, Onfido for KYC, Plaid for bank linking, and a direct Circle relationship for fiat-to-USDC conversion, with a Burling Bank FBO account for fiat custody.
The company serves primarily financial institutions, fintechs, and corporate treasuries seeking compliant exposure to DeFi yield, with additional use cases spanning remittance, pharmaceutical financing, insurance, real estate, and asset tokenization. Vesto monetizes through treasury management fees on fiat-to-USDC conversions parked at CeFi lending partners, transaction-based tokenization fees, and white-label/API licensing of its protocol to partners such as FinTech Aeros, BrightApps, Stably, Element Finance, and Matryoshka Capital. Customer acquisition is sales-led enterprise motion via demo requests and scheduled calls, supplemented by white-label distribution and educational demand generation through The Vesto Show and The Carsten Show webinars.
Vesto LLC was incorporated in Wyoming in 2019 (Secretary of State ID 2019-000874510), is co-founded by Christopher McGregor (CEO), Wolfgang Decker (CSO), Jeffrey Lund (CXO), and Travis McGregor (CBO), and lists Cheyenne, Wyoming as its registered office. The protocol achieved mainnet launch in May 2022 following a ChainSecurity security audit. Subsequent geographic expansion has targeted Latin America via Latamex (Mexico, Brazil, Argentina), United Cities North America for smart-city remittance, and dedicated regional leadership under Managing Director LATAM Oscar Marquez-Mees.
Vesto firmographics
Firmographics- Name
- Vesto
- Legal name
- Vesto LLC
- Website
- https://vesto.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Vesto provides blockchain-based digital asset infrastructure for businesses, offering non-custodial smart wallets, USDC CeFi corporate treasury yield, tokenization, and white-label crypto banking-as-a-service to financial institutions, fintechs, and corporate treasury clients.
- Ownership category
- akta.pro rank
Vesto industry classification
Industry- Product category
- Digital Asset Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD), Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)
Keywords
Where Vesto is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Vesto business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Corporate Treasury Management Fees: Vesto earns fees from managing corporate treasury assets, converting fiat to USDC, and facilitating lending through CeFi partners. Customers deposit fiat which is converted to USDC and deposited into CeFi for yield generation.
- Tokenization Services: Revenue from digitizing traditional assets and enabling them to be bought, sold, stored, and transferred via blockchain. Supports trading, borrowing, lending, and secondary markets.
- White-Label Infrastructure Licensing: Vesto licenses its infrastructure to partners like FinTech Aeros and BrightApps for white-label deployment, providing crypto banking-as-a-service solutions under partner branding.
- API License Agreements: Partners like Stably and Matryoshka Capital license Vesto's core protocol-level crypto infrastructure for their own platforms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Corporate Treasury Product - Yield-based fee structure |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Vesto product offering
Product offeringCore offering
Vesto provides a multi-token digital asset infrastructure platform that enables businesses and financial institutions to convert fiat into USDC for CeFi yield, mint ERC-20/ERC-721/ERC-1155 tokens representing real-world assets, custody assets in a non-custodial multi-sig smart wallet (VWallet), and deploy white-label crypto banking-as-a-service offerings. The company sells directly to enterprises, licenses its core protocol via API to partners, and offers a tokenization engine for institutional asset digitization.
Product overview
Vesto is a digital asset infrastructure company providing a comprehensive, multi-token protocol platform. The core offering consists of Vesto Digital Asset Infrastructure, which includes the VWallet (non-custodial smart wallet), VSwap (proprietary smart contract for token price management), and vCore-Infrastructure. Built on this core, Vesto offers the Corporate Treasury Product for fiat-to-USDC conversion with CeFi yield generation, and CeFi Investment Products through lending partner relationships. The Tokenization Engine enables asset digitization. Vesto also provides white-label Crypto Banking-as-a-Service for businesses wanting to offer crypto banking under their own branding.
Differentiator
Problem solved
Functional benefit
Brands
- Corporate Treasury Product: Digital asset treasury management solution that converts fiat into USDC for high-yield returns via CeFi
- VWallet
- VSwap
Products and services
- Vesto Digital Asset Infrastructure Comprehensive, multi-token protocol providing turnkey digital asset infrastructure for businesses, enabling DeFi, dApps, and cryptocurrency ecosystem access.
- VWallet Non-custodial smart wallet that holds a wide range of digital assets. Vesto provides custodial governance, multi-sig access controls, and administrative services while customers retain unique private keys.
- Corporate Treasury Product Converts fiat into USDC for low-risk, high-yield returns via CeFi. Customers can transact with equivalent tokens while underlying deposits earn yield through industry-leading lending partners.
- Tokenization Engine Infrastructure for digitizing traditional assets so they can be bought, sold, stored, and transferred via blockchain. Supports trading, borrowing, and lending while scaling institutional assets.
- Crypto Banking-as-a-Service White-label infrastructure enabling businesses to offer crypto banking services including DeFi products, payments, and digital asset management under their own branding.
Quantifiable outcome
- Daily yield payouts for corporate treasury deposits
- +1 more outcomes
Companies that use Vesto
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
Vesto technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature6 records
Vesto partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core and minor.
- Latamex (Settle Network)coreFiat-crypto gateway into Latin America, specifically Mexico, Brazil, and Argentina. Enables on/off ramp services for Vesto's LATAM expansion.
- United Cities North America (UCNA)coreLetter of Intent signed September 2022 to deliver digital wallets and remittance services to smart cities residents. UCNA is partnered with the United Nations and The United Cities Global Program.
- FinTech AeroscoreFinTech Aeros white labeled Vesto's infrastructure to deliver crypto and cashless transactions, payments, and instant settlement for clients across the US.
- Matryoshka CapitalminorPilot License Agreement to deploy Vesto's Multi-Token On-Chain Protocol for seamless access into DeFi.
- StablycoreAPI license agreement for Vesto's core protocol-level crypto infrastructure. Stably is a leading enterprise asset tokenization platform.
- Oldham GlobalcoreStrategic partnership to provide alternative pharmaceutical financing using Vesto's DeFi infrastructure. Oldham Global was among first customers to demonstrate mainnet integrations.
- Ether CardsminorStrategic partnership to scale NFTs globally, expanding Vesto's Crypto Banking-as-a-Service offerings.
- Element FinancecoreBringing DeFi products to financial services organizations that meet risk tolerances and yield generation goals. Element Finance co-founders appear on Vesto webinars.
- OnfidocoreGlobal identity verification and authentication provider for banking-grade KYC (Know Your Customer) services. Vesto uses Onfido to verify customer identities before account activation.
- CoincovercoreCrypto security and asset protection partnership providing practical defenses and security solutions for Vesto's crypto banking-as-a-service platform.
- FinClusivecoreFBO (For Benefit Of) account structure with FinClusive's Accounts & Payments application. FinClusive provides Compliance-as-a-Service (CaaS) for KYC/KYB checks, sanctions screening, and compliance requirements. Vesto maintains FBO account at partner banks like Live Oak Bank.
- PlaidcoreBank account linking services via Plaid integration. Plaid enables customers to securely connect their bank accounts to the Vesto platform for fiat transactions.
- CirclecoreDirect relationship with Circle for USDC stablecoin conversion. Vesto converts fiat to USDC and vice versa instantly using Circle's infrastructure.
- EthereumcorePrimary blockchain network for Vesto's tokenization and wallet services.
- PolygoncoreSecondary blockchain network for Vesto's wallet and token services, providing scalability options.
- BrightAppsminorInfrastructure support partner providing technical services for Vesto's platform.
- Global Digital Asset & Cryptocurrency Association (GDCA)minorStrategic advisory partnership with GDCA Director Gabriella Richmond for regulatory and industry guidance.
- NewchipminorAccelerator/partner ecosystem member for startup and fintech company distribution.
- Penrose PartnersminorPartner firm whose executives appear on Vesto's webinar series, representing financial services and advisory relationships.
- AbraminorCrypto exchange and wallet platform partner ecosystem member.
Scale indicators3 records
Recent moves5 records
Expansion highlights6 records
Vesto competitors and assessment
Company assessmentDirect peers
- Zero Hash: Embedded crypto and stablecoin infrastructure-as-a-service for fintechs and banks, including custody, trading, and payments APIs. Closely aligned with Vesto's white-label/API licensing and fiat↔USDC conversion thesis.
- BitGo: Institutional crypto custody, wallet-as-a-service, and trading infrastructure with bank-grade security. Closely comparable to Vesto's VWallet and white-label infrastructure for fintechs and corporates.
- Anchorage Digital: Federally chartered digital asset bank providing custody, trading, staking, and tokenization infrastructure. Overlaps with Vesto's institutional wallet, tokenization engine, and regulated CeFi yield/ramp offerings.
- Fireblocks: Institutional digital-asset custody, wallet, and transfer infrastructure. Competes directly with Vesto's VWallet, multi-sig controls, and BaaS/API offerings for the same financial institution and enterprise treasury customers.
- Prime Trust: FBO and custody-as-a-service provider for crypto-native companies, fintechs, and digital asset issuers. Overlaps with Vesto's FinClusive-powered FBO structure, fiat on/off-ramps, and BaaS offerings.
- BVNK: Payments-focused crypto infrastructure provider offering stablecoin rails, on/off-ramps, and BaaS for enterprise and remittance use cases. Comparable to Vesto's payment/remittance infrastructure and LATAM expansion strategy.
- Paxos: Regulated blockchain infrastructure platform for tokenization, stablecoins (USDP, PayPal USD), and crypto BaaS. Directly comparable to Vesto's tokenization engine, stablecoin conversion, and BaaS distribution model.
Broad incumbents
- Circle: USDC issuer and broader stablecoin/payments platform. Vesto is a direct Circle integration partner and customer, but Circle operates at vastly larger scale with its own institutional BaaS and treasury products that compete with Vesto's positioning.
- Coinbase Prime: Institutional arm of Coinbase offering custody, trading, lending, and staking for corporates, asset managers, and fintechs. Represents the scaled incumbent competing for the same enterprise treasury and digital-asset infrastructure deals Vesto targets.
Emerging players
- Matrixport: Crypto financial services platform offering CeFi lending, yield, custody, and structured products to institutions and high-net-worth individuals. Comparable to Vesto's corporate treasury USDC yield product, though with a stronger Asia footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Vesto social profiles
Digital presenceVesto compliance and trust
Trust signalCompliance1 record
Vesto financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vesto leadership team
Management profileNumber of profiles
Profiles15 records
Vesto funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vesto 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 Vesto
What does Vesto do?
Vesto provides a multi-token digital asset infrastructure platform that enables businesses and financial institutions to convert fiat into USDC for CeFi yield, mint ERC-20/ERC-721/ERC-1155 tokens representing real-world assets, custody assets in a non-custodial multi-sig smart wallet (VWallet), and deploy white-label crypto banking-as-a-service offerings. The company sells directly to enterprises, licenses its core protocol via API to partners, and offers a tokenization engine for institutional asset digitization.
Is Vesto a public or private company?
Vesto is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Vesto founded?
Vesto was founded in 2019. It employs 1 to 10 people.
Where is Vesto based?
Vesto is headquartered in San Francisco, United States, in the North America region.
How does Vesto make money?
Four revenue lines are on record. Corporate Treasury Management Fees are the primary driver. The others are tokenization Services, white-Label Infrastructure Licensing and API License Agreements.
Who are Vesto's main competitors?
Direct peers on record are Zero Hash, BitGo, Anchorage Digital, Fireblocks, Prime Trust, BVNK and Paxos. Broad incumbents are Circle and Coinbase Prime. Matrixport is listed as an emerging player.
Does Vesto have an API?
No public API is recorded for Vesto.
What industry is Vesto in?
Vesto's product category is Digital Asset Infrastructure. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity). Its NAICS code is 522320 and its SIC code is 6200.