Upshift Finance
Upshift Finance is a non-custodial DeFi infrastructure provider that enables neobanks, asset managers, exchanges, and RWA issuers to launch custom institutional-grade yield vaults across 30+ chains via its SDK and August-integrated policy engine.
- Company typePrivate
- Founded-
- HeadquartersRoad Town, Tortola, British Virgin Islands
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Upshift Finance does
Upshift Finance (legally Fractal Network Ltd., incorporated in the British Virgin Islands) is a non-custodial DeFi infrastructure provider that operates as an on-chain capital allocator. Its platform enables neobanks, asset managers, exchanges, wallets, crypto card providers, and RWA issuers to design, launch, and operate custom DeFi vaults across 30+ blockchain networks without building vault infrastructure from scratch. The company targets institutional clients, with a sales motion focused on direct enterprise engagement, SDK-based white-label partnerships, and a network of professional curators (Sentora, Steakhouse, Clearstar, Gamma Research, SharpByte Capital) that bring their own client relationships to the platform.
The core product is a vault infrastructure stack consisting of production-ready smart contracts with NAV accounting, fee logic, and withdrawal processing; a TypeScript SDK that enables third-party platforms (Kelp, Tria, Swissborg) to embed vaults into their own frontends; and the August policy engine, which enforces chain-, protocol-, token-, and function-level restrictions on every transaction at the smart-contract layer. Vaults integrate with August, an on-chain prime brokerage handling $7bn in monthly institutional volume, for cross-margined strategy execution across DeFi and CeFi venues. Sub-products include earnAUSD (anchor stablecoin vault on Monad), earnXRP (XRP-denominated vault on Flare), and earnUSDnr (Fluent). Cross-chain composability is enabled through LayerZero OFT standard, and vault contracts are audited by four firms (Hacken, ChainSecurity, Sigma Prime, Zellic).
Upshift's revenue model is transaction-based, charging fees tied to rewards generated through the Protocol, supplemented by ancillary margin lending services via August and distribution-network access for vault teams. Pricing is pay-as-you-go with no public fee schedule; certain services are free. Distribution combines self-serve access via app.upshift.finance with embedded channels through SDK partners and August's $500M+ institutional LP network. The company is privately held, backed by Dragonfly Capital and Brevan Howard, and reports SOC1/SOC2 Type 1 compliance. Since its April 2025 launch, the platform has scaled to $500M+ in total deposits, $50B in trading volume processed, and 60,000+ depositors across 40+ vaults, with geographic restrictions excluding the United States and United Kingdom.
Upshift Finance firmographics
Firmographics- Name
- Upshift Finance
- Legal name
- Fractal Network Ltd.
- Website
- https://upshift.finance
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Upshift Finance is a non-custodial DeFi infrastructure provider that enables neobanks, asset managers, exchanges, and RWA issuers to launch custom institutional-grade yield vaults across 30+ chains via its SDK and August-integrated policy engine.
- Ownership category
- akta.pro rank
Upshift Finance industry classification
Industry- Product category
- DeFi Infrastructure
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Yield Aggregators & Strategy Vaults (FSADAMAF)
- akta.pro secondary industries
- Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG), Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG), Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN)
Keywords
Where Upshift Finance is headquartered
LocationHeadquarters
- HQ city
- Road Town, Tortola
- HQ country
- British Virgin Islands
Offices1 record
Markets served
Upshift Finance business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Vault Platform Fees: Fees charged in connection with use of vault services including based on Rewards generated through use of the Protocol.
- Margin Lending Services: Ancillary services via August integration allowing vault depositors under KYC to take out loans against vault receipt token collateral.
- Distribution Network Access: Teams launching vaults benefit from distribution to August's network of institutional LPs including asset managers, family offices and hedge funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | No publicly disclosed pricing tiers |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Upshift Finance product offering
Product offeringCore offering
Upshift Finance provides non-custodial vault infrastructure that enables institutional teams such as crypto neobanks, asset managers, exchanges, and card providers to design, launch, and manage custom DeFi vaults across 30+ blockchain networks. The platform combines DeFi and CeFi strategies within a single architecture, enforces risk mandates via August's policy engine at the smart contract level, and offers a TypeScript SDK for white-label integration into third-party frontends.
Product overview
Upshift Finance operates as the operating system for institutional onchain asset management, providing a unified vault infrastructure platform that enables teams to design and launch custom DeFi vaults across 30+ chains with any DeFi and CeFi strategy. The core offering consists of the Upshift Vault Infrastructure platform, the Upshift SDK for white-label integration, and the August Policy Engine for risk controls. The platform offers multiple vault architecture types (Single Asset, Multi Asset, Atomic Redemption, Solana, Stellar) and product types including Upshift Lend, Upshift DeFi Yield, and Upshift RWA Clear. Named sub-products include earnAUSD (anchor stablecoin vault on Monad), earnXRP (XRP-denominated vault on Flare), and earnUSDnr (USDnr vault on Fluent). Upshift vaults integrate with August's prime brokerage infrastructure for strategy execution and institutional LP distribution, and leverage LayerZero's OFT standard for cross-chain token composability.
Differentiator
Problem solved
Functional benefit
Brands
- Upshift Lend: Lending-focused vault product type
- Upshift DeFi Yield
- Upshift RWA Clear
Products and services
- Upshift Vault Infrastructure Core platform enabling institutions to design, launch, and manage custom DeFi vaults for yield generation, card settlement financing, and RWA products. Supports deployment across 30+ chains with DeFi and CeFi strategies, underpinned by August's policy engine enforcing chain, protocol, token, and function-level restrictions on every transaction.
- Upshift SDK Software development kit enabling teams to white-label and embed any Upshift vault into third-party frontends. Includes deposit/withdrawal functionality along with metadata such as historical performance and total assets deposited.
- earnAUSD Vault Anchor stablecoin yield vault on Monad, the primary AUSD yield strategy curated by Gamma Research. Deploys AUSD across Monad DeFi protocols including lending markets and DEX liquidity. Historical base APY has ranged from 6-10%.
- earnXRP Vault First fully onchain XRP-denominated yield vault on Flare Network, curated by Clearstar. Accepts FXRP deposits and routes across Flare DeFi strategies. Estimated APY of 4-10%.
- earnUSDnr Vault Primary USDnr stablecoin yield strategy on Fluent Mainnet, curated by SharpByte Capital. Initial allocation is lending optimization across Fluent-native markets, with roadmap into RWA looping.
Quantifiable outcome
- 40+ vaults launched since April 2025
- +8 more outcomes
Companies that use Upshift Finance
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
Upshift Finance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Upshift Finance partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and supporting.
- Securitize Fund ServicescoreSecuritize Fund Services and Upshift partner to deliver institutional-grade reporting for onchain vaults. Applies institutional fund administration, independent reporting, allocation tracking, and performance transparency to onchain vaults.
- SharpByte CapitalcoreSharpByte Capital serves as curator of the earnUSDnr vault on Fluent. Manages allocation with discretion within an onchain policy engine that restricts which protocols, chains, tokens, and functions the vault can interact with.
- ClearstarcoreClearstar is a Swiss-backed risk manager that serves as curator of the earnXRP vault on Flare. Manages vault allocation across FXRP DeFi deployments (lending, DEX liquidity, liquid staking) and carry trades (borrowing stablecoins against FXRP collateral).
- Gamma ResearchcoreGamma Research serves as curator of the earnAUSD vault on Monad. Manages allocation across multiple Monad DeFi protocols including lending (Curvance, Euler, Neverland, Morpho), DEX liquidity (Uniswap), and yield composability (Spectra).
- AugustcoreAugust is the leading on-chain prime brokerage handling $7bn in monthly volume for institutions. Upshift vaults integrate to August by moving vault deposits into August subaccounts for deployment. August provides sophisticated trading algorithms, risk management, capital efficient cross-margining, and institutional LP distribution network access. August's policy engine enforces investment mandates at the smart contract layer.
- SentoracoreSentora is a professional asset manager operating as a curator on the Upshift platform. Curators execute strategies over the Upshift vault infrastructure.
- Steakhouse FinancialcoreSteakhouse Financial is a professional asset manager operating as a curator on the Upshift platform. Curators execute strategies over the Upshift vault infrastructure.
- Hacken, ChainSecurity, Sigma Prime, and ZellicsupportingUpshift vault contracts have been audited by four separate audit firms: Hacken, ChainSecurity, Sigma Prime, and Zellic. Four separate audit firms provides more coverage than most protocols.
- LayerZerosupportingAUSD and AUSD0 uses LayerZero OFT standard for cross-chain transfers, enabling earnAUSD receipt tokens to move between Monad and Ethereum while continuing to accrue yield.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Upshift Finance competitors and assessment
Company assessmentDirect peers
- Yearn Finance: Yearn is the original DeFi yield aggregator and vault operator. While Upshift focuses on institutional and white-label vault infrastructure (versus Yearn's retail-oriented auto-vaults), both compete for on-chain yield capital and strategy IP.
- Centrifuge: Centrifuge provides RWA tokenization and on-chain credit infrastructure, including the Tinlake pool structure. Upshift's Upshift RWA Clear product type competes with Centrifuge for institutional RWA issuance and yield products.
- Convex Finance: Convex aggregates deposits and optimizes yield for Curve liquidity providers. While narrower in scope than Upshift, both operate as yield-optimizing vault infrastructure layers on top of underlying DeFi protocols.
- Enzyme Finance: Enzyme (formerly Melon) is an on-chain asset management protocol that lets managers deploy and operate tokenized vaults. Both Upshift and Enzyme provide vault infrastructure for portfolio managers and asset managers, with Enzyme focusing on a more generalist user base.
- Morpho: Morpho is a leading DeFi lending infrastructure protocol that powers optimized lending markets. Like Upshift, it provides institutional-facing yield infrastructure, and Upshift vaults route into Morpho markets as a strategy venue.
- Beefy Finance: Beefy is a multi-chain yield aggregator that automates compounding across dozens of DeFi protocols. Both Upshift and Beefy operate yield vaults across 30+ chains; Beefy focuses on retail auto-compounding while Upshift focuses on institutional white-label infrastructure.
- Maple Finance: Maple is an institutional on-chain credit marketplace with underwritten lending pools. It overlaps with Upshift's institutional credit/yield vault offering and competes for the same asset-manager and crypto-neobank segments.
- August Digital: August is Upshift's core prime brokerage partner offering policy-enforced trading, cross-margining, and institutional LP distribution. It is also a direct competitor in on-chain institutional asset management, with overlapping client base (asset managers, family offices, hedge funds).
Emerging players
- Steakhouse Financial: Steakhouse is a professional DeFi asset manager and Upshift curator. It also manages institutional lending and yield strategies directly, making it a comparable on-chain asset management peer with direct overlap in vault strategy IP.
- Sentora: Sentora operates as a professional asset manager and curator on Upshift's platform. It also runs independent institutional DeFi strategies, making it both a partner and adjacent competitor in the on-chain asset management space.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Upshift Finance social profiles
Digital presenceUpshift Finance compliance and trust
Trust signalCompliance2 records
Upshift Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Upshift Finance leadership team
Management profileNumber of profiles
Upshift Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Upshift Finance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Upshift Finance
What does Upshift Finance do?
Upshift Finance provides non-custodial vault infrastructure that enables institutional teams such as crypto neobanks, asset managers, exchanges, and card providers to design, launch, and manage custom DeFi vaults across 30+ blockchain networks. The platform combines DeFi and CeFi strategies within a single architecture, enforces risk mandates via August's policy engine at the smart contract level, and offers a TypeScript SDK for white-label integration into third-party frontends.
Is Upshift Finance a public or private company?
Upshift Finance is a private company. It is classified as venture growth investor backed and is currently operating.
When was Upshift Finance founded?
Upshift Finance was founded in -1. It employs 1 to 10 people.
Where is Upshift Finance based?
Upshift Finance is headquartered in Road Town, Tortola, British Virgin Islands.
How does Upshift Finance make money?
Three revenue lines are on record. Vault Platform Fees are the primary driver. The others are margin Lending Services and distribution Network Access.
Who are Upshift Finance's main competitors?
Direct peers on record are Yearn Finance, Centrifuge, Convex Finance, Enzyme Finance, Morpho, Beefy Finance, Maple Finance and August Digital. Emerging players are Steakhouse Financial and Sentora.
Does Upshift Finance have an API?
Yes. Upshift provides a platform interface allowing users to connect digital wallets and draft transaction messages between the wallet and the Protocol. The platform aggregates and displays publicly available information related to crypto assets associated with the user's Digital Wallet and drafts transaction messages for user-authorized Vault interactions. Users can also access a TypeScript SDK for vault integration. Developer documentation is at docs.upshift.finance/developer-docs/api-reference.
What industry is Upshift Finance in?
Upshift Finance's product category is DeFi Infrastructure. Its primary akta.pro industry code is FSADAMAF, Yield Aggregators & Strategy Vaults, with a secondary code of FSAPAEAG, Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield). Its NAICS code is 525 and its SIC code is 6199.