Cadmos

What Cadmos does

Cadmos is a Cyprus-incorporated fintech (Cadmos LTD, registration HE 457316, headquartered in Limassol) that operates a vertically integrated platform bridging digital money and tokenised private markets through two products. Cadmos Pay is a self-custodial money application for individuals available on iOS and Android, offering a dedicated IBAN for SEPA/wire inbound, a Visa card settled against stablecoin balances, cross-border remittance via MoneyGram corridors and on-chain USDC/USDT transfers, DeFi access through Aave, Morpho, Odos, and Hyperliquid (scoped per jurisdiction), and subscriptions to tokenised investment products such as USDY Treasury Bills.

Cadmos Finance is the institutional issuer workspace for tokenised funds, private credit, feeders, SPVs, and private raises. It covers the full vehicle lifecycle - onboarding, compliance (Sumsub, AMLBot, DocuSeal), NAV calculation, fee management, subscriptions, redemptions, reporting, audit, and distribution - in a single system with a 2-6 week launch timeline. Underlying technology is multi-chain tokenisation infrastructure across EVM-compatible networks (Ethereum, Base, Arbitrum, Polygon, Optimism, BNB Chain, Avalanche) with self-custodial wallet architecture, a DvP atomic settlement engine linking cash and security-token legs, and stablecoin rails through Coinbase CDP, Circle, and Tether.

The business model combines subscription/recurring revenue from issuer servicing (per-vehicle fees deducted from NAV), transaction fees from card interchange and remittance, distribution fees on eligible tokenised products sold through Cadmos Pay, and partner-driven white-label deployments. Distribution is hybrid: product-led growth via app stores for Cadmos Pay and direct enterprise sales with structuring-session bookings for Cadmos Finance, supplemented by a co-built partner ecosystem. Current operating scale is €4.18M AUM across 42 live vehicles, 89 KYC'd investors, and €1.84M in pending subscriptions, with 1-10 employees and no disclosed external funding.

Name

Cadmos

Legal name

Cadmos LTD

Website

https://cadmos.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Cadmos is a Cyprus-incorporated fintech operating Cadmos Pay, a self-custodial money app with IBAN, Visa, remittance, DeFi, and tokenised investments, alongside Cadmos Finance, an issuer workspace for tokenised funds, feeders, SPVs, and private raises.

Ownership category

akta.pro rank

Product category

Tokenised Asset Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAGABAE

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure

Financial & Insurance/Financial Technology (Fintech)/Payment Orchestration & Fintech Infrastructure (APIs, Issuing, Processing)

SECONDARYFSAMANAK

Prepaid Card Program Managers & Issuers (BIN Sponsors)

Financial & Insurance/Payments & Transaction Processing/Prepaid, Gift Cards & Stored Value

Keywords

• Tokenized fund infrastructure
• Self-custodial money app
• Asset tokenization platform
• Stablecoin payment rails
• DeFi integrated banking

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Tokenised Fund Operations & Servicing: Revenue from running subscriptions, redemptions, fees, NAV, reporting and audit operations for issuers using the Cadmos Finance workspace. Fees are calculated per vehicle and deducted from NAV.
2. Distribution Fees: Fees earned when distributing eligible tokenised products through the Cadmos Pay channel to end users.
3. Card Transaction Interchange: Interchange revenue from Cadmos Visa card transactions, settled against stablecoin balance converted to fiat.
4. Remittance Services: Revenue from cross-border transfers through partner corridors (MoneyGram) and on-chain stablecoin transfers, likely via spread or fees.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Cadmos operates a unified platform bridging digital money and tokenised markets. Cadmos Pay is a self-custodial mobile money app for individuals offering IBAN funding, a Visa card, cross-border remittance, DeFi access (Aave, Morpho, Hyperliquid, Odos) and subscriptions to tokenised investments. Cadmos Finance is an institutional issuer workspace for launching and operating tokenised funds, feeders, SPVs and private raises, covering onboarding, compliance, NAV, fees, redemptions, servicing and distribution as one system.

Product overview

Cadmos operates as a unified platform bridging digital money and tokenised markets, comprising two integrated products: Cadmos Pay (a self-custodial money app for individuals offering IBAN, Visa card, remittance, DeFi access, and tokenised investments) and Cadmos Finance (an issuer workspace for funds, feeders, SPVs, and private raises). The two products are designed to interoperate — Cadmos Finance products can be distributed through Cadmos Pay when eligible, and both share the same infrastructure rails for settlement, compliance, and banking connectivity.

Differentiator

Problem solved

Functional benefit

Products and services

• Cadmos Pay Self-custodial mobile money app for individuals that provides a dedicated IBAN-funded balance, a Visa debit card settled by stablecoins, cross-border remittance (to cash via MoneyGram and on-chain via USDC/USDT), DeFi access (Aave, Morpho, Hyperliquid perps, Odos swaps) and in-app subscriptions to tokenised investments such as USDY Treasury Bills. The user retains custody of keys on the device while features are scoped per jurisdiction.
• Cadmos Finance

Quantifiable outcome

• Tokenised fund launch in 2-6 weeks
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration28 records

Feature5 records

Partnerships

21 partnerships are on record, tiered core and supporting.

• Coinbase CDPcoreTechnology or IntegrationCoinbase's Cross-Distribution Protocol (CDP) provides money rails infrastructure for Cadmos, enabling stablecoin and fiat transfer capabilities within the Cadmos Pay wallet and DvP settlement system.
• CirclecoreTechnology or IntegrationCircle provides USDC stablecoin infrastructure as a core money rail for Cadmos, enabling stablecoin balances, transfers and settlement within the Cadmos ecosystem.
• TethercoreTechnology or IntegrationTether (USDT) stablecoin integration provides an additional stablecoin rail within Cadmos Pay for transfers, remittance and DeFi access.
• MoneyGramcoreTechnology or IntegrationMoneyGram provides off-ramp remittance corridors for Cadmos Pay, enabling cross-border transfers to cash through partner networks alongside on-chain stablecoin transfers.
• UnlimitsupportingTechnology or IntegrationUnlimit provides money movement and payment rails infrastructure connecting banking, stablecoins and tokenised assets within the Cadmos bridge.
• Rhino.fisupportingTechnology or IntegrationRhino.fi provides additional money rails and liquidity infrastructure within the Cadmos ecosystem for asset transfers and settlement.
• SumsubcoreTechnology or IntegrationSumsub provides identity verification and KYC infrastructure for Cadmos Finance issuer onboarding and investor verification across the platform.
• AMLBotcoreTechnology or IntegrationAMLBot provides AML compliance and sanctions screening infrastructure for Cadmos, ensuring KYC/AML checks and regulatory compliance for users and investors.
• DocuSealsupportingTechnology or IntegrationDocuSeal provides document signing and sealing infrastructure for legal documents, investor agreements and compliance documentation within Cadmos Finance.
• MetaMaskcoreTechnology or IntegrationMetaMask provides wallet infrastructure integration for Cadmos Pay, enabling users to connect self-custodial wallets to the Cadmos ecosystem.
• WalletConnectcoreTechnology or IntegrationWalletConnect provides interoperability protocol for connecting various wallets to Cadmos DeFi integrations and tokenised product subscriptions.
• Trust Wallet CoresupportingTechnology or IntegrationTrust Wallet Core SDK integration enables additional wallet connectivity options within the Cadmos Pay ecosystem.
• Safe (Gnosis Safe)coreTechnology or IntegrationSafe (Gnosis Safe) provides multi-signature wallet infrastructure for institutional users and issuers requiring enhanced security for fund management.
• AavecoreTechnology or IntegrationAave lending protocol integration enables yield generation within Cadmos Pay wallet, allowing users to earn interest on stablecoin balances.
• MorphocoreTechnology or IntegrationMorphoDeFi protocol integration provides additional yield opportunities within Cadmos Pay for users seeking optimised lending returns.
• HyperliquidcoreTechnology or IntegrationHyperliquid perpetual exchange integration enables perpetuals trading (PERPS) within Cadmos Pay wallet, scoped per jurisdiction, alongside SPOT trading.
• OdoscoreTechnology or IntegrationOdos DEX aggregator integration enables token swaps within Cadmos Pay wallet, providing best-price execution across liquidity sources.
• OndocoreTechnology or IntegrationOndo provides tokenised fund infrastructure (USDY Treasury Bills) integrated into Cadmos Finance and distributed through Cadmos Pay.
• DinarisupportingTechnology or IntegrationDinari provides tokenised asset infrastructure and market access for various tokenised products within the Cadmos ecosystem.
• HedgeguardsupportingTechnology or IntegrationHedgeguard provides fund administration and hedge fund technology infrastructure supporting NAV calculation and reporting within Cadmos Finance.
• 0x ProtocolsupportingTechnology or Integration0x protocol provides DEX infrastructure for token swaps and market making within the Cadmos ecosystem.

Scale indicators5 records

Recent moves6 records

Expansion highlights1 record

Emerging players

• Polymesh: Purpose-built security-token blockchain and infrastructure for regulated issuance, transfer and corporate actions — a competing technology foundation for tokenised securities issuance.
• Abra: Self-custodial crypto wealth app combining trading, yield and lending for retail users — overlaps with Cadmos Pay's self-custody + DeFi + tokenised-investments surface.
• Bitfinex Securities: Regulated platform for tokenised securities issuance and trading — directly comparable issuer-workspace competitor with an established exchange-grade distribution channel.
• Dinari: Tokenised US equities and RWA infrastructure that Cadmos already lists as a partner; competes for the same issuer and distribution demand in tokenised asset markets.
• Swarm Markets: Regulated tokenised securities platform (ETPs, equities, funds) under EU MiCA — competes for institutional issuers seeking compliant tokenisation rails in Europe.

Direct peers

• Wirex: Crypto-linked Visa card and money app with multi-currency IBAN-style accounts — the closest consumer analogue to Cadmos Pay's bank-UX-meets-stablecoin positioning.
• Maple Finance: On-chain private credit market with institutional underwriting, fund-like vehicles and pool structures — directly comparable to Cadmos Finance's private credit and SPV use cases.
• Ondo Finance: Tokenised US Treasury and yield products (e.g. USDY) that Cadmos already integrates and distributes; competes as an issuer while also sharing the same tokenised-money distribution opportunity.
• Securitize: Institutional tokenisation infrastructure for funds and securities, with built-in compliance, onboarding, cap-table management and distribution — the closest direct analogue to Cadmos Finance's issuer workspace.
• Centrifuge: Tokenisation platform for real-world assets (private credit, trade finance) on-chain, with issuer tooling and on-chain investor pools — directly comparable to Cadmos Finance for funds, feeders and SPVs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CadmosFinance
• LinkedInlinkedin.com/company/cadmosam

Revenue estimate

Valuation estimate

Number of profiles

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 Cadmos