Solflare

What Solflare does

Solflare operates a self-custodial cryptocurrency wallet for the Solana blockchain, incorporated in 2021 as Solrise Finance Ltd in the British Virgin Islands with operational offices in Novi Sad, Serbia and Zagreb, Croatia. Founded by Filip Dragoslović and Vidor Gencel as the first dedicated Solana wallet, the platform serves individual crypto users across the Solana ecosystem, with over 4 million monthly active users managing approximately $14-15 billion in assets. The company maintains a non-custodial architecture where users retain private keys and executes on Solana's high-throughput, low-cost rails. Solflare has expanded from a single wallet application into a modular product suite addressing trading, staking, hardware security, crypto-native spending, cross-chain funding, tokenized collectibles, and prediction-market access.

The product ecosystem centers on the Solflare Wallet, available as a web application, mobile app (iOS and Android), and browser extension across Chrome, Firefox, Brave, Edge, Opera, and Arc. Supporting products include Solflare Shield (an NFC-enabled hardware wallet with EAL6+ certified secure element priced from $49 to $79), Magic (a closed-beta AI assistant providing natural-language market analysis and trade automation), Solflare Card (a Mastercard-powered self-custody debit card currently suspended due to the Kulipa bankruptcy, with relaunch planned by August 2026), Solflare Bridge (cross-chain funding via Aurora Intents covering Bitcoin, Ethereum, Dogecoin, and other networks), Solflare Staking (advertised at 4.92 percent APY with over $3.48 billion staked through the Solflare validator), Solflare Packs (tokenized physical trading cards via the Collector Crypt partnership), and prediction-market trading integrated with Kalshi. Distribution is product-led and community-driven through app stores, browser extension stores, and active presence across X, Discord, YouTube, and LinkedIn, with event sponsorship at Solana Breakpoint and Consensus.

The business model is transaction-based: Solflare captures revenue from swap fees on in-wallet token trading, bridge fees (0.1 percent for stablecoins, 1 percent for other assets across cross-chain transfers), staking commissions on delegated SOL, direct hardware sales at $49 to $79 per unit, and card transaction fees (currently paused pending issuer replacement). Strategic partnerships span Mastercard for card issuance and distribution across over 110 million merchants, Aurora for bridge infrastructure, Collector Crypt for tokenized physical collectibles, Snowdrop Solutions for card transaction enrichment, and Kalshi for prediction-market liquidity. No external funding rounds are disclosed, indicating the company is founder-owned and either bootstrapped or financed through undisclosed channels.

Name

Solflare

Legal name

Solrise Finance Ltd

Website

https://solflare.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Solflare is a self-custodial cryptocurrency wallet launched in 2021 as the first Solana wallet, serving 4 million+ monthly active users managing $14-15 billion in assets through trading, staking, hardware security, and Mastercard-powered spending.

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet Software

NAICS

Software Publishers (5132)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSADACAE

Self-Custody Wallets (Consumer & Institutional)

Financial & Insurance/Crypto & Digital Assets/Custody, Key Management & Wallet Infrastructure

SECONDARYFSAPAEAD

DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading)

Financial & Insurance/Blockchain & Web3/DeFi & On-Chain Financial Services (lending, derivatives, stablecoins, payments)

Keywords

• Self-custody crypto wallet
• Solana blockchain wallet
• Crypto hardware wallet
• Decentralized finance tools
• Non-custodial wallet services

Headquarters

HQ city

La Mesa

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Token Swap Fees: Revenue from facilitating token swaps within the wallet ecosystem.
2. Hardware Wallet Sales: Direct sales of Solflare Shield hardware wallets in three variants: Origin ($49-69), Signature ($59), and Unique ($79). Sold through own e-commerce storefront.
3. Bridge Fees: 0.1% fee for stablecoin transfers and 1% fee for other assets when using Solflare Bridge for cross-chain transactions.
4. Card Transaction Fees: Revenue from card transactions, including foreign exchange fees and potential merchant fees. Currently paused due to infrastructure transition.
5. Staking Services: Revenue from staking services, potentially through validator fees or partnerships with staking infrastructure.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Solflare operates a self-custodial Solana wallet platform available as a web app, mobile app, and browser extension, enabling users to buy, store, swap tokens and NFTs, stake SOL, and access DeFi protocols while retaining full control of private keys. The platform is augmented by an NFC hardware wallet (Shield), an AI assistant (Magic), a Mastercard-powered debit card, a cross-chain bridge, native tokenized collectibles (Packs), and prediction market integration.

Product overview

Solflare is a comprehensive self-custodial wallet ecosystem for the Solana blockchain, offering a modular platform with a core wallet augmented by several integrated products and services. The core Solflare Wallet provides blockchain access, trading, staking, and DeFi exploration, while the hardware wallet Shield, AI assistant Magic, crypto debit card Solflare Card, cross-chain bridge, tokenized collectibles Solflare Packs, and prediction markets via Kalshi extend the platform's functionality. Together these products create a unified crypto financial platform spanning trading, staking, spending, AI-assisted management, hardware security, and emerging asset categories like RWAs and event-based trading.

Differentiator

Problem solved

Functional benefit

Brands

• Solflare Shield: NFC-enabled hardware wallet with EAL6+ security certification, available in Origin, Signature, and Unique variants, priced from $49 to $79.
• Magic
• Solflare Card
• Solflare Packs

Products and services

• Solflare Wallet A self-custodial Solana blockchain wallet available as a web app, mobile app (iOS/Android), and browser extension (Chrome, Firefox, Brave, Edge, Opera, Arc). Enables users to trade, stake, swap tokens, manage NFTs, explore Solana dApps, and access DeFi protocols with full control of private keys. Over 4 million active users managing $15 billion in assets.
• Solflare Shield Hardware Wallet An NFC-enabled hardware wallet in credit-card form factor for Solana users. Features an EAL6+ certified secure element chip, tap-to-sign transaction confirmation via NFC without cables/batteries/Bluetooth, PIN or biometric authentication, and a 25-year warranty. Available in three variants: Origin ($69, matte-black classic design), Signature ($59, exclusive artist designs), and Unique ($79, fully customized one-of-one cards).
• Magic AI Assistant A 24/7 on-chain AI assistant integrated into the Solflare wallet, operating in closed beta. Provides natural-language interaction, automated trade execution via price/time conditions, social-signal analysis, PnL analysis, market insights, and copy-trading from top traders. Uses Solflare solver infrastructure. Requires explicit user approval for all transactions and does not access private keys or train on user data.
• Solflare Card

Quantifiable outcome

• 129% week-over-week fee increase for Collector Crypt after Solflare integration
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability5 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core, minor and flagship.

• AuroracoreTechnology or Integration · 30 July 2026Aurora integrated its Aurora Intents technology into Solflare Bridge, enabling users to fund Solflare wallets directly from Bitcoin, Ethereum, and other major blockchains without traditional bridge workflows. Permanent deposit addresses eliminate the need for multi-step bridging processes.
• Collector CryptcoreStrategic or Co-development Partner · 11 June 2026Solflare and Collector Crypt launched Solflare Packs, enabling users to purchase, reveal, and manage real graded trading cards (Pokemon, One Piece, sports) directly within the Solflare wallet. Physical cards stored in Collector Crypt's vault, represented on-chain as NFTs. Users can ship physical cards, hold NFTs, or sell back within 72-hour window.
• NOWNodesminorGTM or Marketing Partner · 6 May 2026Solflare participated in NOWNodes-hosted tokenization panel at Consensus 2026 in Miami alongside executives from Crypto.com, Li.Fi, Paxos, and others to discuss tokenized systems and RWA adoption.
• SnowdropcoreTechnology or Integration · 7 April 2026Solflare partnered with Snowdrop to deliver merchant enrichment for its new card programme, providing structured transaction data instead of raw codes.
• Snowdrop SolutionscoreTechnology or Integration · 6 April 2026Solflare partnered with Snowdrop Solutions to integrate transaction enrichment into its self-custody debit card program. Powered by Google Cloud infrastructure, the integration provides structured merchant data (names, logos, spending categories) instead of raw terminal codes, enabling real-time transaction categorization.
• MastercardflagshipStrategic or Co-development Partner · 19 November 2025Mastercard partnered with Solflare to launch the first self-custody debit card on the Solana blockchain. The Solflare Card enables users to spend USDC directly from their wallet at Mastercard's network of 110M+ merchants worldwide. Card supports Google Pay and upcoming Apple Pay integration.

Scale indicators8 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• Glow Wallet: Glow is a mobile-first Solana self-custody wallet with staking and DeFi features. It targets a similar retail audience on Solana and serves as a smaller direct peer to Solflare.
• Phantom: Phantom is the leading Solana self-custody wallet and Solflare's primary direct competitor. It offers similar core functionality (swaps, staking, NFT management, browser extension, mobile) and competes head-to-head for the same retail user base on Solana.
• Backpack: Backpack is a self-custody multi-chain wallet with strong Solana roots, xNFT support, and an associated exchange and token. It competes directly with Solflare for Solana-nativist users and developers.
• Exodus Wallet: Exodus is a multi-asset self-custody wallet with desktop, mobile, and browser extension support and integrated swap and staking features. While multi-chain, it overlaps with Solflare on user experience, staking, and swap flows.

Broad incumbents

• Ledger: Ledger is the leading hardware wallet manufacturer. The Solflare Shield competes directly with Ledger's Nano line for security-conscious crypto holders, particularly those storing significant balances on Solana.
• Trust Wallet: Trust Wallet, owned by Binance, is a widely used self-custody wallet supporting many chains including Solana. It competes with Solflare for retail users seeking a multi-chain wallet with built-in DApp browser and staking.
• MetaMask: MetaMask is the dominant EVM self-custody wallet that has expanded into Solana support. As a broad incumbent, it competes with Solflare for users who want a single wallet across chains and DApps.
• Trezor: Trezor is a long-established hardware wallet brand. While differentiated in form factor (USB vs. Solflare's NFC card), it competes for the same security-conscious buyer persona.
• Coinbase Wallet: Coinbase Wallet is a self-custody wallet from a major exchange, with multi-chain support including Solana. It overlaps with Solflare on retail self-custody, and the Coinbase stablecoin partnership hints at deeper integration.
• Crypto.com DeFi Wallet: Crypto.com offers a self-custody DeFi wallet alongside its exchange and card. It competes with Solflare on wallet + card bundling, particularly for users who want to spend crypto at mainstream merchants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/solflare_wallet
• YouTubeyoutube.com/@SolflareWallet
• LinkedInlinkedin.com/company/solflare-official
• Facebookfacebook.com/Solflare-Wallet-100083852932158

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solflare