Ika

What Ika does

Ika operates a parallel Multi-Party Computation (MPC) network that provides dWallets—decentralized, programmable, multi-chain wallet primitives enabling users and Solana programs to control assets on any blockchain without bridges or wrapped tokens. Its core technology, 2PC-MPC (Two-Party Computation with Multi-Party Computation), splits signing authority between the user and the network such that no single party—including Ika itself—can reconstruct the full private key, achieving what the company frames as the ZUD framework: zero-trust, usability, and decentralization simultaneously. The network is initially built on the Sui blockchain and is expanding to Solana (devnet Q2 2026, mainnet planned for later in 2026), supporting native signing for Bitcoin, Ethereum, ZEC, and any other chain across multiple signature curves. Supporting products include a TypeScript SDK distributed via npm, open-source protocol code on GitHub, the REFHE fully homomorphic encryption research line, and the Wallet-as-a-Protocol (WaaP) integration developed with human.tech.

The company monetizes through usage-based protocol fees denominated in its upcoming IKA token, plus SUI tokens for on-chain gas. Go-to-market is api-first and community-led: a TypeScript SDK on npm, developer documentation at docs.ika.xyz, GitHub-published protocol code, an RFP program funding external builders, and strategic partnerships such as human.tech's WaaP, which brings nearly 3 million verified users and over 43 million credentials into the Ika-secured stack. Customer segments span DeFi protocols, enterprise custody and treasury operators, wallet infrastructure providers, AI-agent platforms, and cross-chain end users.

Ika is venture-backed, having raised over $21 million from a broad Web3 syndicate that includes the Sui Foundation, DCG, FalconX, Big Brain Holdings, Blockchange, Amplify, Liquid2 Ventures, Node Capital, dWallet Labs, Lightshift, Zero Knowledge, Token Bay Capital, Rubik, Tykhe Block, Dispersion Capital, NotVCs, Cerulean, Earl Grey Capital, No Limit Holdings, Insignius, Collider, and ALT—reaching a $600 million FDV peak private valuation in April 2025. The operating entity is dWallet Labs Ltd. (Tel Aviv, Israel) with the Ika Foundation incorporated in Switzerland; a secondary office is mentioned in Kormangala, India. The company is pre-revenue, with the IKA token not yet launched.

Name

Ika

Legal name

dWallet Labs Ltd.

Website

https://ika.xyz

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Ika operates a parallel MPC network providing dWallets—decentralized, programmable multi-chain wallet primitives that split signing authority between users and the network, enabling bridgeless control of assets across blockchains from Sui and Solana. Pre-revenue, developer-first Web3 infrastructure serving DeFi, custody, and AI-agent use cases.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure / Decentralized MPC Networking

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Cross-Chain Wallet & Asset Routing Infrastructure (FSADACAJ)

akta.pro secondary industries

Cross-Chain Developer Tooling (messaging SDKs, relayers, interoperability APIs) (FSAPABAF), Wallet Infrastructure (SDKs, Wallet-as-a-Service) (FSADACAD), Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK), RPC / Node API Infrastructure Providers (FSADAKAD)

Keywords

• Decentralized MPC infrastructure
• Multi-chain wallet protocol
• Threshold signature cryptography
• Bridgeless cross-chain signing
• Web3 developer SDK

Headquarters

HQ city

Kormangala

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Protocol Fees (IKA Token): All dWallet operations (DKG, presign, sign, future sign) require fees paid in IKA tokens for protocol fees and SUI tokens for gas fees. The IKA token will launch natively on Sui.
2. SUI Gas Fees: SUI tokens required for blockchain gas fees associated with on-chain operations on Sui.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Ika operates a parallel Multi-Party Computation (MPC) network that powers dWallets — decentralized, programmable multi-chain wallet primitives enabling users, programs, and AI agents to control assets on any blockchain (Bitcoin, Ethereum, Solana, ZEC, etc.) without bridges, wrapped tokens, or centralized custodians. The core cryptographic mechanism, 2PC-MPC, splits signing authority between a user-held local share and a network share operated by 100+ validator nodes, so neither party can sign alone. Ika distributes this capability via a TypeScript SDK, open-source protocol code on GitHub, a Solana pre-alpha gRPC API, and the Wallet-as-a-Protocol (WaaP) partnership with human.tech.

Product overview

Ika is a parallel MPC (Multi-Party Computation) network that provides dWallets — decentralized, programmable multi-chain wallet primitives enabling users to control assets on any blockchain without bridges or trusted intermediaries. The core product is the dWallet technology built on 2PC-MPC cryptography that splits signing authority between users and the Ika network. Ika is expanding from its Sui foundation to Solana, positioning itself as infrastructure for Bridgeless Capital Markets. Supporting products include the TypeScript SDK for developers, Wallet-as-a-Protocol (WaaP) for wallet infrastructure, and REFHE for fully homomorphic encryption research.

Differentiator

Problem solved

Functional benefit

Brands

• Wallet-as-a-Protocol (WaaP): A decentralized wallet infrastructure solution developed in partnership with human.tech, secured by Ika's 2PC-MPC cryptography for zero-trust wallet operations.
• dWallets

Products and services

• dWallets Decentralized, programmable multi-chain wallet primitives that enable users, Solana programs, and AI agents to control assets on any blockchain without bridges, wrapped tokens, or trusted intermediaries. Built on 2PC-MPC cryptography that splits signing authority between a user share and a network share across 100+ validator nodes, achieving zero-trust signing with sub-second latency. Supports Bitcoin, Ethereum, ZEC, Solana, and any chain via SECP256K1, SECP256R1, ED25519, and RISTRETTO.
• Ika TypeScript SDK Developer SDK for building with Ika dWallets on Sui and Solana. Handles Distributed Key Generation (DKG), encryption, signing, and verification operations; available via npm (@ika.xyz/sdk) with Solana gRPC support at https://pre-alpha-dev-1.ika.ika-network.net:443.
• Wallet-as-a-Protocol (WaaP) Decentralized wallet infrastructure jointly developed with human.tech, secured by Ika's 2PC-MPC cryptography. Splits private keys into a user-held local share and a network share operated by Ika's decentralized MPC nodes so that no single entity — including human.tech — can access or reconstruct the full private key. Supports Bitcoin, Solana, and Ethereum EIP-1193 compliant wallets, with seedless, social-login onboarding.
• REFHE (Fully Homomorphic ALU) Fully homomorphic encryption scheme supporting arithmetic and logical operations on large machine words (plaintexts of form Z_2^n, such as n=64). Built on the BGV framework with modified number field selection and message encoding. Positioned as enabling encrypted capital markets applications on Solana via the team's "Encrypt" announcement.

Quantifiable outcome

• Sub-second multi-chain signing latency
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Human TechcoreStrategic or Co-development Partner · 12 February 2026human.tech launched Wallet-as-a-Protocol (WaaP) on the Sui blockchain using Ika as the censorship-resistant coordination layer. WaaP provides developers with a decentralized embedded wallet solution enabling seedless, social login onboarding with cryptographic security guarantees. The integration splits signing authority between user devices and infrastructure so neither party can move funds alone. This brings human.tech's existing infrastructure—nearly 3 million verified users, over 43 million credentials issued, and more than $500 million in protected value—to Sui's ecosystem.
• Human TechflagshipStrategic or Co-development Partner · 22 October 2025Ika partnered with human.tech to introduce Wallet-as-a-Protocol (WaaP), a new decentralized wallet infrastructure secured by Ika's 2PC-MPC cryptography. WaaP keeps user key shares local while Ika's decentralized network operates the co-signing share under zero-trust conditions. The framework ensures no single entity, including human.tech, can access or reconstruct the full private key. Integration reportedly takes minutes with copy-paste examples. This partnership extends to cross-chain coordination through Ika's MPC network on Sui.
• dWallet LabscoreOthersdWallet Labs Ltd. is the operator of the Ika platform websites (ika.xyz and dwalletlabs.com) and maintains the Ika protocol and ecosystem. The company is related through common control with the dWallet Foundation (incorporated in Switzerland).

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Particle Network: Chain-abstraction and wallet-as-a-service platform that enables cross-chain signing and account abstraction. Comparable to Ika's WaaP positioning around chain-abstracted UX and decentralized custody for end users.
• Threshold Network: Threshold cryptography network (merger of NuCypher and Keep) providing threshold signing, proxy re-encryption, and decentralized custody primitives. Closely comparable as a cryptographic infrastructure network competing for the same on-chain signing and custody workloads.
• Web3Auth (Torus): Provides non-custodial key management and wallet infrastructure SDKs that split keys across user, auth provider, and device. Closely comparable to Ika's WaaP and dWallet infrastructure for embedded wallet and chain-abstracted onboarding.
• Lit Protocol: Decentralized key management and threshold cryptography network that distributes signing authority across a node network for wallet, auth, and conditional signing use cases. Directly comparable to Ika's dWallet MPC primitive and targets similar developer audiences.

Broad incumbents

• Fireblocks: Established institutional MPC custody and treasury platform serving banks, exchanges, and asset managers. Broad incumbent in MPC-based custody that Ika's dWallets and enterprise-custody use cases directly compete against, though Fireblocks is centralized.
• LayerZero: Leading omnichain messaging protocol for cross-chain applications. Competes for the same cross-chain developer mindshare Ika is courting, particularly on Solana where both layers aim to be integration primitives.
• Wormhole: Dominant cross-chain messaging protocol connecting dozens of chains. Ika's "bridgeless" pitch is positioned against Wormhole and similar bridging infrastructure, though Wormhole uses a different trust model.

Emerging players

• DFNS: Wallet-as-a-service platform offering MPC-based key management and APIs for digital asset custody. Closely comparable to Ika's WaaP and dWallet APIs for enterprise and developer use cases.
• Turnkey: API-first non-custodial wallet infrastructure with threshold signing for embedded wallets and on-chain applications. Comparable to Ika's developer SDK and API distribution model, though more centralized in custody design.
• ZetaChain: Layer-1 blockchain for cross-chain messaging and native multi-chain smart contracts that avoids bridges. Adjacent competitor addressing the same cross-chain interoperability problem Ika targets via dWallets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ikadotxyz
• GitHubgithub.com/dwallet-labs/ika
• LinkedInlinkedin.com/company/ikadotxyz

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

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 Ika