VeChain
VeChain Foundation operates the VeChainThor public blockchain, serving enterprises with supply chain traceability and regulatory compliance tools, and crypto-native users with staking, sustainability rewards, and AI agent services across 5M+ users and 114+ countries.
- Company typePrivate
- Founded2015
- HeadquartersShanghai, China
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What VeChain does
VeChain Foundation is a Swiss-domiciled non-profit organization that operates the VeChainThor public blockchain, an enterprise-grade Layer-1 network that has been live since 2015 and transitioned to Delegated Proof of Stake consensus via the Hayabusa hard fork in December 2025. The network uses a dual-token architecture: VET secures the network and is used for value transfer, while VTHO (VeThor) is generated by VET holdings and consumed to pay transaction fees, creating a usage-based demand loop. As of late 2025, 101 validators secure block production under the DPoS model, and any token holder can participate via delegation through StarGate, VeChain's NFT-based staking platform.
The ecosystem consists of VeWorld (mobile super app for wallet and ecosystem access), VeBetter (gamified X-to-Earn sustainability platform with 5.5M+ users across 114+ countries), StarGate (NFT-based staking and validator delegation), AgentSuite (no-code AI agent marketplace with AgentForge, AgentMarket, and AgentTrust components), Builder Hub (developer resources and grants), and VeVote (on-chain governance). Enterprise supply chain traceability, anti-counterfeiting, and ESG reporting are the historical enterprise wedge, with named deployments involving BMW, PwC, LVMJ, H&M Group, L'Oreal, and Estee Lauder. VeChain has explicitly positioned for EU Digital Product Passport compliance via its Rekord partnership.
The business model is hybrid. On the consumer side, VeChain captures economic activity through VTHO transaction fee burns and staking rewards, with validators earning block rewards (70% to delegators, 30% to validators) and 100% of priority fees. Boost fees that allow stakers to bypass NFT maturity periods are burned rather than collected. On the enterprise side, VeChain provides blockchain infrastructure and consulting for supply chain transparency, authenticity verification, and sustainability tracking, though no pricing is publicly disclosed. Marketing reach is amplified through a flagship UFC and Power Slap sponsorship, with UFC CEO Dana White serving as official advisor. Revenue as a non-profit foundation is not GAAP-disclosed; economic throughput is token-mediated rather than contract-based.
VeChain firmographics
Firmographics- Name
- VeChain
- Legal name
- VeChain Foundation
- Website
- https://vechain.org
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- VeChain Foundation operates the VeChainThor public blockchain, serving enterprises with supply chain traceability and regulatory compliance tools, and crypto-native users with staking, sustainability rewards, and AI agent services across 5M+ users and 114+ countries.
- Ownership category
- akta.pro rank
VeChain industry classification
Industry- Product category
- Enterprise Blockchain Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)
- akta.pro secondary industries
- Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Blockchain Settlement & Clearing Infrastructure (On-/Off-chain Post-Trade) (FSAGAMAC), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI)
Keywords
Where VeChain is headquartered
LocationHeadquarters
- HQ city
- Shanghai
- HQ country
- China
- HQ region
- Asia
Offices2 records
Markets served
VeChain business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Transaction Fees (VTHO): VeChainThor blockchain generates VTHO (VeThor Token) through VET holdings. Transaction fees on the network are paid in VTHO, creating a perpetual demand mechanism for the token.
- Validator Rewards: Validators earn block rewards and 100% of transaction priority fees. With delegators present, validators receive 30% of block rewards while 70% goes to delegators.
- Enterprise Blockchain Solutions: VeChain provides enterprise-grade blockchain infrastructure and consulting for supply chain transparency, authenticity verification, and sustainability tracking for corporate clients.
- Boost Fees (Stargate): Users can skip NFT maturity periods by paying VTHO fees ('Boost') for immediate delegation access. Fees are burned rather than collected.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | StarGate NFT staking tiers from 10,000 VET (Dawn) to 15,000,000 VET (Mjolnir) |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels7 records
VeChain product offering
Product offeringCore offering
VeChain operates the VeChainThor public blockchain, an enterprise-grade Layer-1 network that enables supply chain traceability, product authentication, and decentralized application development. The platform uses a dual-token system (VET for value transfer and VTHO for gas fees) and supports both enterprise B2B solutions (such as ToolChain for supply chain management) and consumer applications (such as the VeWorld wallet and VeBetter engagement platform).
Product overview
VeChain offers a comprehensive blockchain platform centered on the VeChainThor public blockchain, which transitioned to Delegated Proof of Stake (dPoS) consensus with the Hayabusa upgrade. The ecosystem includes VET (the native token securing the network) and VTHO (used for transaction fees). Key products include VeWorld (the super app for wallet management and ecosystem access), StarGate (NFT-based staking and validator delegation platform), VeBetter (sustainability-focused X-to-Earn rewards ecosystem), and AgentSuite (no-code AI agent portal). Supporting infrastructure includes Builder Hub for developer resources, VeVote for governance, Inspector for smart contract interaction, and Digital Product Passports for supply chain traceability.
Differentiator
Problem solved
Functional benefit
Brands
- VeWorld: VeChain's super app for managing VET, connecting with ecosystem apps, and interacting with the VeChainThor blockchain.
- VeBetter
- StarGate
- AgentSuite
- AgentForge
- AgentMarket
- AgentTrust
Products and services
- VeChainThor Blockchain A public Layer-1 blockchain designed for enterprise use cases, supporting smart contracts, dApps, and high-throughput transactions with predictable fee economics via VTHO gas.
- ToolChain Enterprise blockchain-as-a-service platform that enables businesses to track products, verify authenticity, and digitize supply chain processes on VeChainThor.
- VeWorld Wallet A consumer-facing non-custodial mobile and browser wallet for managing VET, VTHO, NFTs, and other tokens on the VeChainThor network.
- VeBetter Platform A consumer engagement and rewards platform that uses the VeChainThor blockchain to incentivize sustainable and beneficial behaviors through tokenized rewards.
- StarGate NFT Platform An NFT minting, trading, and management platform built on VeChainThor for digital collectibles and tokenized assets.
- AgentSuite A platform for building, deploying, and monetizing autonomous AI agents on VeChainThor, including the AgentMarket marketplace for agent services.
Quantifiable outcome
- 30% reduction in overproduction
- +3 more outcomes
Companies that use VeChain
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles2 records
VeChain technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
VeChain partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core and minor.
- UFC/Power SlapflagshipFontainebleau Las Vegas hosted VeChain Power Slap 18 event featuring Light Heavyweight Title match, streamed on Power Slap YouTube channel. Power Slap is owned by Thrill Sports and founded by Dana White in partnership with UFC.
- RekordcoreVeChain partnered with Rekord to build Digital Product Passports for EU regulatory compliance, turning regulation into blockchain's most tangible proof of utility for product provenance.
- Dana WhiteflagshipUFC CEO Dana White joined VeChain as official advisor to drive real-world blockchain adoption, bringing high-profile sports entertainment credibility to the VeChain ecosystem.
- PwCcoreVeChain partnered with PwC for blockchain-based supply chain transparency solutions, leveraging PwC's consulting expertise and client relationships to deliver enterprise blockchain implementations.
- BMWcoreVeChain partnered with BMW to enhance transparency in supply chains using blockchain technology for traceability and verification purposes.
- 4OceanminorVeChain partnered with 4Ocean to expand its ecosystem with sustainability-focused initiatives, enhancing apps that incentivize environmentally friendly behaviors.
- UFCflagshipVeChain secured UFC sponsorship with logo placement in the Octagon at Trump's White House UFC event, marking a high-profile intersection of crypto and sports entertainment. Dana White also joined as special advisor.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
VeChain competitors and assessment
Company assessmentBroad incumbents
- Avalanche: L1 blockchain with subnet architecture aimed at enterprise tokenization and custom appchains. Targets the same RWA and institutional tokenization market as VeChain.
- Ethereum: Largest smart-contract platform and the default base layer for enterprise tokenization, RWA, and supply-chain experiments. Competes for the same developer and enterprise mindshare as VeChain.
- Hyperledger Fabric: Linux-Foundation-governed permissioned blockchain framework widely used by enterprises (including via IBM). Represents the incumbent permissioned alternative VeChain must displace in enterprise supply-chain deals.
- Solana: High-throughput L1 with growing enterprise and consumer adoption and a parallel push into payments and RWA. Competes for validator and developer attention.
Direct peers
- OriginTrail: Decentralized knowledge graph focused on supply-chain data interoperability and product traceability. Most direct competitor to VeChain's enterprise supply-chain and DPP use cases.
- Waltonchain: China-origin supply-chain blockchain combining RFID hardware with on-chain traceability. Closest Asia-based analogue to VeChain's supply-chain traceability thesis.
- Hedera (HBAR): Enterprise-grade distributed ledger with council-based governance and high-throughput token services. Competes with VeChain for enterprise supply-chain, ESG, and tokenization workloads.
- Polygon: Ethereum L2/sidechain network with major enterprise and consumer brand integrations. Competes for the same brand-driven supply-chain and RWA tokenization opportunities as VeChain.
- Stellar Development Foundation: Open-network blockchain focused on real-world asset tokenization, payments, and enterprise integrations. Operates a similar dual-asset and enterprise-onboarding model as VeChain.
- Morpheus.Network: Supply-chain automation and logistics blockchain platform. Direct overlap with VeChain's enterprise traceability and digital product passport value proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
VeChain social profiles
Digital presenceVeChain financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeChain leadership team
Management profileNumber of profiles
VeChain funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeChain M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VeChain
What does VeChain do?
VeChain operates the VeChainThor public blockchain, an enterprise-grade Layer-1 network that enables supply chain traceability, product authentication, and decentralized application development. The platform uses a dual-token system (VET for value transfer and VTHO for gas fees) and supports both enterprise B2B solutions (such as ToolChain for supply chain management) and consumer applications (such as the VeWorld wallet and VeBetter engagement platform).
Is VeChain a public or private company?
VeChain is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was VeChain founded?
VeChain was founded in 2015. It employs 51 to 100 people.
Where is VeChain based?
VeChain is headquartered in Shanghai, China, in the Asia region.
How does VeChain make money?
Four revenue lines are on record. Transaction Fees (VTHO) is the primary driver. The others are validator Rewards, enterprise Blockchain Solutions and boost Fees (Stargate).
Who are VeChain's main competitors?
Broad incumbents on record are Avalanche, Ethereum, Hyperledger Fabric and Solana. Direct peers are OriginTrail, Waltonchain, Hedera (HBAR), Polygon, Stellar Development Foundation and Morpheus.Network.
Does VeChain have an API?
Yes. VeChain provides developer documentation for its blockchain platform including smart contract APIs (Stargate.sol, StargateNFT.sol contracts), with endpoints for staking, delegation, NFT management, and reward distribution. Developers can interact with contracts via Inspector tool (inspector.vecha.in) or build custom integrations. Documentation available at docs.stargate.vechain.org and docs.vechain.org. Developer documentation is at docs.stargate.vechain.org.
What industry is VeChain in?
VeChain's product category is Enterprise Blockchain Platform. Its primary akta.pro industry code is FSAGAMAA, Tokenization Platforms (RWA, Securities, Funds), with a secondary code of FSAPAIAH, Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting). Its NAICS code is 522320 and its SIC code is 6199.