Emurgo ventures
- Company typePrivate
- Founded2017
- HeadquartersSingapore, Singapore
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
Emurgo ventures firmographics
Firmographics- Name
- Emurgo ventures
- Legal name
- EMURGO Group Pte Ltd
- Website
- https://emurgo.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Emurgo ventures industry classification
Industry- Product category
- Blockchain Infrastructure and Web3 Services
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394)
- SIC
- Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- Stablecoin Issuers (Fiat-Backed) (FSADADAA), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE)
Keywords
Where Emurgo ventures is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
Emurgo ventures business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Tokenization Technology Licensing: EMURGO provides its proprietary RWA tokenization engine to institutional clients (e.g., Kinka for gold tokenization) enabling them to issue tokenized assets on Cardano. Revenue is derived from technology licensing, integration fees, and platform fees associated with the white-glove tokenization solution.
- Stablecoin Infrastructure & Services: Through the Anzens platform, EMURGO supports the Cardano-native USDA stablecoin. Revenue is derived from transaction fees, minting/burning fees, and potential yield mechanisms within the stablecoin ecosystem.
- Venture Capital & Strategic Investments: EMURGO makes strategic investments in startups building on Cardano. The company has a track record of $200M in investments deployed. Investments span DeFi protocols, RWA platforms, fintech solutions, and ecosystem infrastructure companies.
- Cardano Card Financial Services: The Cardano Card (partnered with Wirex) enables spending of ADA and other crypto assets with up to 8% crypto cashback, yield opportunities, and borrowing services. Revenue is generated through transaction fees, interchange, and a share of profits allocated to the Cardano Treasury.
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Emurgo ventures product offering
Product offeringCore offering
EMURGO is a co-founding entity of the Cardano blockchain that builds and operates Web3 infrastructure, including a proprietary real-world asset (RWA) tokenization engine for institutional clients, the USDA fiat-backed stablecoin via the Anzens platform, the Yoroi open-source Cardano wallet (evolving into SecondFi neofinance), and the Wirex-powered Cardano Card. It also runs a venture investment arm deploying capital into Cardano ecosystem startups and drives ecosystem development including governance tooling.
Product overview
EMURGO operates as a Web3 infrastructure and financial services company organized into two main divisions — Fintech and Ecosystem — and maintains a portfolio of branded products. The Fintech division builds the Tokenization Platform (a white-glove regulatory-compliant RWA tokenization solution) and the Anzens Platform (which issues the USDA stablecoin). These are complemented by consumer-facing products including Yoroi Wallet (an open-source Cardano light wallet), the Cardano Card (a multi-chain crypto card co-branded with Wirex), and SecondFi (a self-custody neofinance app evolved from Yoroi). The Ecosystem division supports Cardano governance infrastructure including ZK-Proofs, DIDs, and on-chain governance tools. All products are built on or integrated with the Cardano blockchain.
Differentiator
Problem solved
Functional benefit
Brands
- Yoroi Wallet: Open-source light wallet for the Cardano ecosystem available for mobile and desktop browsers, community-driven with transparency and decentralized collaborative innovation since 2018.
- Anzens
- SecondFi
- Cardano Card
Products and services
- Tokenization Platform
- USDA Stablecoin
- Yoroi Wallet
- Anzens Platform
- Cardano Card
- SecondFi
Quantifiable outcome
- $200M in investments deployed across the Cardano ecosystem
- +4 more outcomes
Companies that use Emurgo ventures
Customer profileNamed customers4 records
Segments5 records
Emurgo ventures technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Emurgo ventures partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered flagship, core and minor.
- WirexflagshipEMURGO partnered with Wirex (a digital payments platform with 6M+ users in 130 countries) to issue the Cardano Card — the first-ever Cardano-native multi-chain crypto card. The card is natively integrated into the Wirex app, enabling ADA spending and crypto cashback worldwide. Phase 2 will introduce a non-custodial Cardano card solution.
- Ctrl WalletcoreEMURGO entered a strategic partnership with Ctrl Wallet, a multichain wallet supporting 2,300+ blockchain networks with several hundred thousand users. This collaboration expands Cardano's multichain capabilities, enabling users to access and manage Cardano assets alongside 2,300+ other blockchain networks through the Ctrl Wallet ecosystem.
- Kinka (UNBANKED, INC.)coreEMURGO integrated its RWA tokenization engine with Kinka, enabling Kinka to issue physical gold-backed XNK tokens on the Cardano blockchain. This partnership marked a major milestone in making traditional RWAs secure, accessible, and programmable on-chain, demonstrating EMURGO's institutional-grade tokenization infrastructure capabilities.
- BitGo TrustcoreBitGo Trust, an industry-leading Qualified Custodian, provides custodial services for Anzens' Cardano stablecoin USDA. This joint technical effort between Anzens Inc. (USDA issuer), EMURGO (technology provider), and BitGo Trust ensures security and regulatory compliance by integrating BitGo's institutional-grade digital asset custody infrastructure into the USDA stablecoin protocol.
- Anzens Inc.coreAnzens Inc. is the issuer of USDA, a Cardano-native fully-backed stablecoin backed by the US dollar and dollar equivalents. EMURGO serves as the technology provider behind the Anzens platform, building the tokenization infrastructure and regulatory-compliant minting/burning mechanisms. Anzens is registered as a Money Service Business under FinCEN.
- OpenEdencoreOpenEden is a leading RWA tokenization platform trusted by 100+ institutions and backed by YZi Labs, and the first blockchain project to receive a Moody's 'Investment Grade' score. OpenEden issues USDO tokens representing fractions of US Treasury bills held in regulated custody. The partnership aims to launch a bridge bringing USDO from Ethereum to Cardano and then natively launch USDO on Cardano.
- FlowdeskminorFlowdesk is a blockchain liquidity provider and asset management platform that raised $102M in equity financing. EMURGO supports Flowdesk's proposal to facilitate Tier 1 and Tier 2 exchange listings for Cardano projects and provide market-making services to ensure sustainable liquidity on Cardano's DeFi ecosystem.
- FUKU AIminorFUKU AI is a multi-chain AI-powered DeFi trading infrastructure project building on Solana and now proposing to build DeFAI infrastructure on Cardano. The partnership includes deploying an AI-driven on-chain agent for Cardano users with products including AutoFuku, HunterFuku, HyperFuku, and DataFuku.
- Antler (Ibex)coreEMURGO partnered with Antler's Ibex platform, an investment initiative to assist corporations in transforming their approach to technological development by fostering collaborations with Web3 startups. Antler is the world's most active VC. The partnership created the 'Cardano VC & AI Launchpad Program' to support high-potential projects at the intersection of Web3 and AI on Cardano.
- BondexminorBondex is a Web3 talent network and marketplace partly owned by its users with 5M+ downloads and 1.5M active users. EMURGO supports Bondex's proposal to integrate a Web3 talent platform with Cardano wallets, enabling Bondex ID and reputation scores as login options across Cardano dApps.
- DigiFTcoreDigiFT is a regulated digital assets exchange for institutional investors with Singapore MAS license and Hong Kong SFC Approval-In-Principle. DigiFT proposes to provide authorized regulatory issuance and distribution of RWAs on Cardano, smart contract integration with regulated financial products, listing of Cardano's USDA stablecoin, and authorized instant liquidity pool provision.
- FineqiaminorFineqia is a listed investment partner (CSE: FNQ) in early and growth-stage blockchain companies. The partnership proposes to tokenize insurance assets and bring them into the Cardano ecosystem through the InsurToken Protocol, starting with $15M initial tokenization of premium finance receivables and expanding into Insurance-Linked Securities.
- HausminorHaus is a real estate tokenization platform that makes home equity tradable on-chain. The partnership proposes to launch a tokenized home equity liquidity protocol on Cardano, enabling homeowners to fractionalize properties and sell portions as digital tokens.
- WachsmanminorWachsman is an industry-leading global communications and marketing agency specializing in blockchain and Web3 with extensive government and media connections. EMURGO supports Wachsman's proposals for strategic market intelligence infrastructure and a comprehensive strategic communications campaign for Cardano across global media platforms.
- Killer Whales (HELLO Labs)minorKiller Whales is a reality show (crypto Shark Tank) on Apple TV and Amazon Prime with 600M viewers across 55+ countries in Season 1. EMURGO proposes a strategic partnership to feature Cardano builders in Season 2, leveraging the show's global media reach, influencer network, and $1.5M acceleration prize pool.
- Input Output Global (IOG)coreIOG is the research and development company behind Cardano, committed to peer-to-peer blockchain innovations. EMURGO works closely with IOG alongside Cardano Foundation to fulfill Cardano's vision of a decentralized platform, contributing to governance, ecosystem development, and the Voltaire era implementation.
- Cardano FoundationcoreThe Cardano Foundation is an independent Swiss-based non-profit organization tasked with advancing Cardano's public digital infrastructure and anchoring it as a utility for financial and social systems. EMURGO collaborates with the Foundation as co-founding entities of Cardano to drive ecosystem development and governance.
- Taisu VenturesminorTaisu Ventures co-hosted the exclusive 'RWA Tokenization and the Future of Finance' event alongside EMURGO at TEAMZ Web3/AI Summit 2025 in Tokyo, with participation from Saison Capital, OpenEden, Secured Finance, HELIX, Kinka, SeaSeed Network, and Iagon.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Emurgo ventures competitors and assessment
Company assessmentDirect peers
- Centrifuge: Decentralized RWA protocol focused on tokenized private credit and trade finance on-chain. Directly comparable to EMURGO's Anzens/tokenization business in the private credit tokenization space, with overlap on institutional-grade compliance tooling.
- Paxos: Regulated stablecoin issuer (USDP, PYUSD) and tokenization infrastructure provider with NYDFS trust charter. Closely comparable to EMURGO's combined stablecoin issuance (USDA via Anzens) and RWA tokenization businesses, though Paxos has materially deeper institutional licenses.
- Anchorage Digital: OCC-chartered crypto-native bank offering custody, stablecoin issuance and tokenization services to institutions. Comparable to the combined Anzens/USDA and EMURGO tokenization stack in serving regulated stablecoin issuance and institutional compliance needs.
- Securitize: A leading institutional tokenization platform for real-world assets (funds, treasuries, equities) with deep TradFi distribution. Directly comparable to EMURGO's RWA tokenization engine in serving regulated issuers on-chain, with a substantially larger client base and capital.
- Ondo Finance: Tokenized US Treasuries and institutional RWA products issuer with several hundred million in AUM. Comparable to EMURGO in offering regulatory-compliant tokenized real-world assets, though Ondo is Ethereum-anchored and far larger.
- Polymath: Tokenization platform for regulated securities offering with white-label compliance tooling. Comparable to EMURGO's tokenization platform in enabling institutions to issue tokenized financial instruments, with a more security-token focus.
Emerging players
- Maple Finance: Institutional on-chain credit market with tokenized loan receivables and lender pool infrastructure. Comparable to EMURGO's Anzens/RWA stack in tokenized private credit, with a narrower credit focus and a larger institutional lender base today.
Regional players
- Stellar Development Foundation: Public blockchain protocol focused on cross-border payments, tokenization and RWA issuance — explicitly targeting financial inclusion and institutional payments. Comparable to EMURGO's Cardano positioning as a public-chain foundation with a tokenization and payments mandate, anchored on a different protocol.
Broad incumbents
- Circle: Issuer of USDC, the second-largest fiat-backed stablecoin globally, and broader internet-financial-services infrastructure. Comparable at a category level to EMURGO's USDA issuance ambition, though Circle operates at materially larger scale and across multiple chains.
- Fireblocks: Institutional digital-asset custody, settlement and tokenization platform servicing banks, TradFi firms and crypto institutions. Comparable indirectly to EMURGO's BitGo-powered custody + tokenization stack, with substantially larger client base and broader product surface.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Emurgo ventures social profiles
Digital presenceEmurgo ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Emurgo ventures leadership team
Management profileNumber of profiles
Profiles8 records
Emurgo ventures subsidiaries and ownership
Company hierarchySubsidiaries2 records
Emurgo ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Emurgo ventures M&A and investment
M&A and investmentM&A
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Emurgo ventures
What does Emurgo ventures do?
EMURGO is a co-founding entity of the Cardano blockchain that builds and operates Web3 infrastructure, including a proprietary real-world asset (RWA) tokenization engine for institutional clients, the USDA fiat-backed stablecoin via the Anzens platform, the Yoroi open-source Cardano wallet (evolving into SecondFi neofinance), and the Wirex-powered Cardano Card. It also runs a venture investment arm deploying capital into Cardano ecosystem startups and drives ecosystem development including governance tooling.
Is Emurgo ventures a public or private company?
Emurgo ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Emurgo ventures founded?
Emurgo ventures was founded in 2017. It employs 1 to 10 people.
Where is Emurgo ventures based?
Emurgo ventures is headquartered in Singapore, Singapore, in the Asia region.
How does Emurgo ventures make money?
Four revenue lines are on record. Tokenization Technology Licensing is the primary driver. The others are stablecoin Infrastructure & Services, venture Capital & Strategic Investments and cardano Card Financial Services.
Who are Emurgo ventures's main competitors?
Direct peers on record are Centrifuge, Paxos, Anchorage Digital, Securitize, Ondo Finance and Polymath. Maple Finance is listed as an emerging player. Stellar Development Foundation is listed as a regional player. Broad incumbents are Circle and Fireblocks.
Does Emurgo ventures have an API?
No public API is recorded for Emurgo ventures.
What industry is Emurgo ventures in?
Emurgo ventures's product category is Blockchain Infrastructure and Web3 Services. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of FSADADAA, Stablecoin Issuers (Fiat-Backed). Its NAICS code is 523 and its SIC code is 6199.