DeRec Alliance
- Company typePrivate
- Founded2024
- Headquarters—
- Headcount—
- GTM typeB2B
- OfferingSoftware
DeRec Alliance firmographics
Firmographics- Name
- DeRec Alliance
- Legal name
- DeRec Alliance, Inc.
- Website
- https://derecalliance.org
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Ownership category
- akta.pro rank
DeRec Alliance industry classification
Industry- Product category
- Decentralized Secret Recovery & Key Management
- NAICS
- Computer Systems Design and Related Services (5415)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Secrets Management & Machine Identity (API keys, certificates, workload identity) (HDAEAJAJ)
- akta.pro secondary industry
- Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ)
Keywords
DeRec Alliance business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Others
Revenue model
- Alliance Membership Fees: The DeRec Alliance is a 501(c)(3) non-profit organization. Revenue appears to come from membership fees, with organizations joining as Founding Members or Alliance Members. Members gain engineering support, governance rights, use of the 'Protected by DeRec' trust mark, and Helper-as-a-Service revenue opportunities.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
DeRec Alliance product offering
Product offeringCore offering
DeRec Alliance develops and stewards the DeRec (Decentralized Recovery) Protocol, an open, royalty-free, Apache-2.0 licensed standard that protects and recovers digital secrets such as private keys, passwords, seed phrases, and recovery codes. Secrets are mathematically split into encrypted shares distributed across user-selected Helpers, where no single Helper can read the secret and a threshold (e.g., 3-of-5 or 10-of-20) of Helpers can reassemble it. The protocol uses quantum-resistant cryptography (ML-KEM-768, SHA-384, AES-256-GCM) and does not require blockchain. The lib-derec Rust reference library enables wallet and application developers to embed the protocol into their products.
Product overview
DeRec Alliance offers the DeRec Protocol — an open, royalty-free standard for decentralized recovery of keys, passwords, and digital secrets. The core product is the DeRec Protocol itself, which enables secrets to be split into encrypted shares distributed across user-selected helpers. The complementary lib-derec reference library in Rust provides the technical implementation that developers can integrate into wallets, password managers, and other applications. Membership services provide engineering support and governance participation. The protocol uses ML-KEM-768 for quantum-resistant key encapsulation, SHA-384 for hashing, and AES-256-GCM for symmetric encryption, all under Apache-2.0 licensing.
Differentiator
Problem solved
Functional benefit
Brands
- Protected by DeRec: Trust mark signaling standards-based decentralized recovery protection for end users.
Products and services
- DeRec Protocol The DeRec (Decentralized Recovery) Protocol is an open, royalty-free, Apache-2.0 licensed open-source standard for secret management and recovery. It splits secrets into encrypted shares distributed across user-selected Helpers, where no single Helper can read the secret and a threshold of Helpers can recover it when requested. The protocol is quantum-resistant, blockchain-agnostic, and works across every wallet, chain, and platform without requiring blockchain.
- lib-derec Reference Library The lib-derec reference library is the cross-platform Rust implementation of the DeRec Protocol. Built in memory-safe Rust and portable via UniFFI to Kotlin, Swift, Python, Go, Ruby, and WASM, it enables developers to embed DeRec Protocol capabilities into wallets, password managers, mobile, desktop, web, and embedded applications. Available under Apache-2.0 license on GitHub.
- DeRec Alliance Membership DeRec Alliance Membership provides organizations with hands-on implementation support from senior Rust engineers, interoperability with other member products, rights to display the 'Protected by DeRec' trust mark, voting rights in spec governance, and Helper-as-a-Service (dHaaS) revenue opportunities. Membership tiers include Founding Members and Alliance Members.
Quantifiable outcome
- No single Helper can read or reconstruct the user's secret — only a threshold of Helpers can bring it back
- +2 more outcomes
Companies that use DeRec Alliance
Customer profileSegments4 records
Ideal customer profiles3 records
DeRec Alliance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
DeRec Alliance partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered minor and core.
- MultiversXminorMultiversX joined the DeRec Alliance as an ecosystem-wide initiative member, bringing open-source Web3 infrastructure leadership and aiming to improve security and safety for EGLD network users.
- KabilaminorKabila, the all-in-one NFT platform and Web3 wallet provider, joined as a general Alliance Member. Kabila plans to integrate the DeRec Protocol into Kabila Wallet for secure account key management, enabling creators to manage token keys safely.
- Cardano Developer Input | OutputcoreInput | Output (IO), the research and engineering company behind Cardano, joined as a Founding Member with a two-year seat on the Technical Oversight Committee. Charles Hoskinson, Cardano founder and IO CEO, emphasized open-source principles and cross-industry collaboration.
- HederacoreHedera joined as a Founding Member with a two-year seat on the Technical Oversight Committee. Dr. Leemon Baird, co-founder of Hedera, is the inventor of the DeRec Protocol. Charles Adkins, President of Hedera, noted the alignment with Hedera's mission for digital asset security.
- HashPackminorHashPack, the leading non-custodial wallet on Hedera, joined as an Alliance Member. CEO May Chan stated DeRec has the potential to solve key issues around managing and recovering blockchain accounts for users.
- Oasis Protocol FoundationminorOasis Protocol Foundation joined as an Alliance Member, viewing DeRec as addressing a long-standing friction point in private key management and recovery for web3 accessibility.
- PalisademinorPalisade joined as the first regulated custodian member of the DeRec Alliance, signaling commitment to safeguarding assets and private keys across the ecosystem.
- RipplecoreRipple joined as a Founding Member with a two-year seat on the Technical Oversight Committee. Markus Infanger, SVP of RippleX, highlighted the alliance's role in empowering individuals to control their digital assets and advancing interoperability.
- XRPL LabscoreXRPL Labs joined as a Founding Member alongside Ripple, contributing to governance. Wietse Wind, Founder & CEO of XRPL Labs, stated the alliance is committed to pushing boundaries in key recovery for XRP Ledger users and the broader crypto ecosystem.
- AcoerminorAcoer joined as an Alliance Member, exploring applications of DeRec in blockchain-enabled health data systems and contributing to the broader DeRec ecosystem.
- Blade LabsminorBlade Labs joined as an Alliance Member, aiming to bring DeRec integration to the masses through their blockchain solutions and pioneering user-friendly key recovery.
- Casper AssociationminorCasper Association joined as an Alliance Member, motivated by the opportunity for greater interoperability across chains and improved user experience enabling mainstream adoption.
- Constellation NetworkminorConstellation Network joined as an Alliance Member, viewing DeRec's cross-chain foundation as essential to exponential web3 adoption and institutional standards for secure key management.
- Revive LabsminorRevive Labs joined as an Alliance Member, focused on helping customers easily adopt secure recovery technology and driving forward future innovation in digital infrastructure security.
- Algorand FoundationcoreThe Algorand Foundation was among the founding members of the DeRec Alliance, co-founded alongside Hedera. John Woods, CTO of Algorand Foundation, stated the alliance addresses key ownership UX challenges. The foundation holds seats on the Technical Oversight Committee.
- HBAR FoundationcoreHBAR Foundation was among the initial entities from the Hedera ecosystem that partnered to form the DeRec Alliance in January 2024, contributing to the open standard for secret protection and recovery.
- Hashgraph (formerly Swirlds Labs)coreHashgraph (formerly Swirlds Labs) was a founding member. Dr. Leemon Baird, co-founder of Hedera and co-CEO of Swirlds Labs, is credited as the inventor of DeRec and was the primary founder of the alliance.
- The Hashgraph AssociationcoreThe Hashgraph Association joined as an Alliance member, contributing governance input and supporting the development of DeRec-based solutions as part of the broader Hedera ecosystem.
- The Building BlocksminorIndustry partner that co-founded the DeRec Alliance in January 2024, participating in the development of the interoperability recovery standard across wallets.
- BankSocialminorBankSocial partnered to develop the DeRec interoperability recovery standard and launched Secura, the first commercial DeRec solution. BankSocial has partnered with credit unions to work as recovery Helpers.
- DLT Science FoundationminorDLT Science Foundation co-developed the DeRec protocol and joined as an Alliance member, contributing expertise in secret-sharing protocols and digital asset security.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
DeRec Alliance competitors and assessment
Company assessmentDirect peers
- Lit Protocol: Lit Protocol provides decentralized key management and threshold cryptography infrastructure for web3, with a PKP (Programmable Key Pair) model that splits signing capability across nodes. It is the closest technical peer to DeRec's threshold secret-sharing approach and competes for the same wallet-developer mindshare.
- Web3Auth (Particle Network): Web3Auth offers MPC-based key management and social-login key recovery for non-custodial wallets, addressing the same user-experience pain point DeRec targets. It competes for the wallet-developer integration slot but does so as a commercial SDK rather than an open standard.
- ZenGo: ZenGo is a consumer crypto wallet that pioneered MPC-based key recovery (no seed phrase). It is a direct functional peer for end-user recovery and competes for the same 'no-seed-phrase' wallet positioning.
- MPC Alliance: MPC Alliance is an industry consortium advancing multi-party computation standards for digital-asset custody, including key management and recovery. It is a direct analogue as a multi-stakeholder standards body, though scoped to MPC rather than threshold secret sharing.
Emerging players
- Safe (formerly Gnosis Safe): Safe is the dominant smart-contract wallet with native social recovery, used across Ethereum and EVM chains. It addresses the same secret-recovery problem at the smart-account layer rather than the protocol layer, representing a competing architectural paradigm.
- Particle Network: Particle Network builds account-abstraction and smart-account infrastructure including chain-abstracted key management. It addresses similar wallet recovery and onboarding friction from the smart-account layer rather than a dedicated recovery protocol.
Broad incumbents
- Fireblocks: Fireblocks is a leading institutional digital-asset custody and security platform with MPC-based key management. It competes for enterprise and institutional recovery/custody use cases that DeRec's dHaaS model also targets.
- BitGo: BitGo is a long-standing crypto custody and wallet infrastructure provider, offering multi-sig and qualified custody for institutions. It overlaps with DeRec's institutional Helper-as-a-Service value proposition at the broader custody layer.
- Coinbase Custody: Coinbase Custody provides qualified crypto custody for institutional clients with key management under regulatory frameworks. It is a broad incumbent for institutional digital-asset protection, contrasting DeRec's decentralized non-custodial approach.
- Magic Labs (formerly Fortmagic): Magic provides passwordless and key-custody infrastructure for web3 applications using delegated custody with optional key recovery. It overlaps with DeRec's developer-integration model for app-side secret management and recovery.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
DeRec Alliance social profiles
Digital presenceDeRec Alliance financial estimates
Financial estimateRevenue estimate
Valuation estimate
DeRec Alliance leadership team
Management profileNumber of profiles
Profiles2 records
DeRec Alliance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DeRec Alliance 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 DeRec Alliance
What does DeRec Alliance do?
DeRec Alliance develops and stewards the DeRec (Decentralized Recovery) Protocol, an open, royalty-free, Apache-2.0 licensed standard that protects and recovers digital secrets such as private keys, passwords, seed phrases, and recovery codes. Secrets are mathematically split into encrypted shares distributed across user-selected Helpers, where no single Helper can read the secret and a threshold (e.g., 3-of-5 or 10-of-20) of Helpers can reassemble it. The protocol uses quantum-resistant cryptography (ML-KEM-768, SHA-384, AES-256-GCM) and does not require blockchain. The lib-derec Rust reference library enables wallet and application developers to embed the protocol into their products.
Is DeRec Alliance a public or private company?
DeRec Alliance is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was DeRec Alliance founded?
DeRec Alliance was founded in 2024.
How does DeRec Alliance make money?
One revenue line is on record: alliance Membership Fees.
Who are DeRec Alliance's main competitors?
Direct peers on record are Lit Protocol, Web3Auth (Particle Network), ZenGo and MPC Alliance. Emerging players are Safe (formerly Gnosis Safe) and Particle Network. Broad incumbents are Fireblocks, BitGo, Coinbase Custody and Magic Labs (formerly Fortmagic).
Does DeRec Alliance have an API?
No public API is recorded for DeRec Alliance.
What industry is DeRec Alliance in?
DeRec Alliance's product category is Decentralized Secret Recovery & Key Management. Its primary akta.pro industry code is HDAEAJAJ, Secrets Management & Machine Identity (API keys, certificates, workload identity), with a secondary code of FSAGAMAJ, Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring). Its NAICS code is 5415 and its SIC code is 7371.