Qredo
Qredo is a London-based digital asset infrastructure company founded in 2018 that provides decentralized custody for institutional investors through a proprietary Layer 2 Network combining Multi-Party Computation (MPC) with its own blockchain, having raised approximately $107 million across rounds in 2021-2022.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Qredo does
Qredo is a London-based digital asset infrastructure company founded in 2018 that provides decentralized custody solutions for digital assets via its proprietary Layer 2 Network. The core product combines Multi-Party Computation (MPC) cryptography with a purpose-built blockchain to enable distributed key management, addressing the single-point-of-failure risks inherent in centralized custodians. The company targets institutional investors as its primary customer segment, with a horizontal segmentation approach across digital asset custody use cases.
The company raised approximately $107 million across three rounds between 2021 and 2022: an $11 million seed round in May 2021 led by 1kx, G1 Ventures, gumi Cryptos Capital, Kenetic, Maven 11 Capital, and The Spartan Group; a $16 million private sale in June 2021 with Coinbase, Nexo, Figment, LedgerPrime, Accomplice, LD Capital, and Signum Capital; and an $80 million round in February 2022 led by 50T Funds with participation from Coinbase Ventures, Avalanche, GoldenTree Asset Management, Kingsway Capital, Liberty City Ventures, Kenetic, and others. The company has 101-250 employees and has invested in regulatory capabilities through a dedicated regulatory director.
The business model is institutional digital asset custody, but pricing, revenue mechanics, and customer-level data are not publicly disclosed. The company has signaled an evolution toward a decentralized autonomous organization (DAO) governance model alongside the development of version 2 of its platform. The investor roster — spanning centralized exchanges, quantitative trading firms, blockchain infrastructure providers, and traditional asset managers — provides both validation and potential distribution pathways into institutional crypto markets, though no specific named end-customer logos are disclosed in the available data.
Qredo firmographics
Firmographics- Name
- Qredo
- Website
- https://qredo.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Qredo is a London-based digital asset infrastructure company founded in 2018 that provides decentralized custody for institutional investors through a proprietary Layer 2 Network combining Multi-Party Computation (MPC) with its own blockchain, having raised approximately $107 million across rounds in 2021-2022.
- Ownership category
- akta.pro rank
Qredo industry classification
Industry- Product category
- Digital Asset Custody
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB)
- akta.pro secondary industries
- Custody Technology Platforms (Custody-as-a-Service) (FSADACAB), Digital Asset Custody (Institutional Crypto Custody) (FSAFAHAH), Key Management Infrastructure (HSMs, key vaults, MPC/TSS key mgmt, rotation) (FSAPACAE)
Keywords
Where Qredo is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Qredo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Qredo product offering
Product offeringCore offering
Qredo provides a decentralized custody solution for digital assets built on a Layer 2 Network that combines Multi-Party Computation (MPC) with a proprietary blockchain. The platform enables institutional investors to securely custody, transfer, and manage cryptocurrencies and other digital assets through self-sovereign key management, removing dependence on centralized custodians.
Product overview
Qredo offers a decentralized digital asset management infrastructure built on a Layer 2 Network. The network combines Multi-Party Computation (MPC) cryptography with its own blockchain to deliver decentralized custody solutions for digital assets. Version 2 of the platform was in development, with the company transitioning toward a decentralized autonomous organization (DAO) model.
Differentiator
Problem solved
Functional benefit
Products and services
- Qredo Network
Companies that use Qredo
Customer profileSegments1 record
Ideal customer profiles1 record
Qredo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Qredo partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Qredo competitors and assessment
Company assessmentDirect peers
- Fireblocks: Institutional digital asset custody and settlement platform using MPC. Directly comparable to Qredo on technology architecture (MPC-based custody) and target customer (institutional investors).
- Anchorage Digital: Federally chartered crypto custodian serving institutional clients. Comparable to Qredo in serving institutional digital asset custody, though Anchorage is more centralized and US-licensed.
- BitGo: Large institutional digital asset custodian and qualified custodian. Overlaps with Qredo on institutional custody, with a longer operating history and broader asset coverage.
- Hex Trust: Asia-headquartered institutional digital asset custodian. Comparable to Qredo in targeting institutional clients with regulated custody, with overlap in Asia-Pacific institutional demand.
- Cobo: Digital asset custody and wallet infrastructure provider serving institutions and developers. Overlaps with Qredo on custody infrastructure for institutional and DeFi-adjacent use cases.
- Zodia Custody: Institutional crypto custodian backed by Standard Chartered. Comparable to Qredo in targeting institutional digital asset custody with regulated infrastructure.
- Ledger Enterprise: Enterprise-grade custody solution built on Ledger's hardware security technology. Directly competes with Qredo in institutional digital asset custody, leveraging Ledger's hardware-rooted key management.
Broad incumbents
- Coinbase Custody: Custody arm of Coinbase serving institutional clients. Broader incumbent that competes in the same institutional custody market as Qredo, supported by Coinbase's exchange ecosystem.
- Bakkt: Public digital asset platform offering institutional custody and trading. Broader incumbent competing in institutional digital asset custody, with regulated US market presence.
Emerging players
- Safe (formerly Gnosis Safe): Smart contract-based multisig custody platform for digital assets. Adjacent to Qredo's decentralized custody thesis, with overlap in self-custody infrastructure for institutional and DeFi users.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Qredo social profiles
Digital presenceQredo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qredo leadership team
Management profileNumber of profiles
Profiles4 records
Qredo funding detail
Funding detailFunding overview
Funding rounds6 records
Investors51 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qredo M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Qredo
What does Qredo do?
Qredo provides a decentralized custody solution for digital assets built on a Layer 2 Network that combines Multi-Party Computation (MPC) with a proprietary blockchain. The platform enables institutional investors to securely custody, transfer, and manage cryptocurrencies and other digital assets through self-sovereign key management, removing dependence on centralized custodians.
Is Qredo a public or private company?
Qredo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Qredo founded?
Qredo was founded in 2018. It employs 101 to 250 people.
Where is Qredo based?
Qredo is headquartered in London, United Kingdom, in the Europe region.
Who are Qredo's main competitors?
Direct peers on record are Fireblocks, Anchorage Digital, BitGo, Hex Trust, Cobo, Zodia Custody and Ledger Enterprise. Broad incumbents are Coinbase Custody and Bakkt. Safe (formerly Gnosis Safe) is listed as an emerging player.
Does Qredo have an API?
No public API is recorded for Qredo.
What industry is Qredo in?
Qredo's product category is Digital Asset Custody. Its primary akta.pro industry code is FSAGAMAB, Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra), with a secondary code of FSADACAB, Custody Technology Platforms (Custody-as-a-Service). Its NAICS code is 522320 and its SIC code is 6199.