About Upshift
Upshift is onchain yield infrastructure that lets fintechs and asset managers offer yield inside their own products, from 24/7 tokenized money market funds to DeFi strategies. Partners start with a conservative vault and add higher-yield strategies on the same integration.
Each vault is a smart contract with a professional curator running the strategy within limits set for that vault. Depositors hold a receipt token for their share and keep custody throughout. Upshift vaults have held more than $550 million at peak, across 50+ vaults launched.
What Upshift does
Yield vaults, from T-bills to DeFi
Curated stablecoin, BTC and ETH vaults, from tokenized T-bills to market-neutral strategies. Partners embed them through the SDK or API and share in the fees.
PayFi and Atomic Vaults
Card and payment balances earn until they're spent, with atomic redemption at the point of sale.
CeFi lending vaults
Vaults that lend to vetted institutional borrowers, with risk limits enforced onchain.
RWA and credit
Private credit, warehouse lending, RWA index rebalancing and insurance underwriting vaults.
Upshift Clear
Instant USDC exits for holders of tokenized assets, funded by liquidity providers. Superstate's USCC was the launch asset.
What makes Upshift different
One integration, every risk level
Start with a tokenized T-bill vault, then add lending or market-neutral strategies on the same integration.
An institutional prime stack
Upshift validates every vault's NAV, with independent fund administration available through Securitize. Curators on Upshift prime accounts trade inside a policy engine.
CeFi and DeFi strategies in one vault
Vaults can reach institutional lenders and centralized venues as well as onchain protocols, through a stack processing $7B+ a month.
Depositors keep custody
Deposits sit in audited vault contracts and depositors hold the receipt tokens. Vaults can be whitelisted, and Kraken Institutional clients deposit straight from qualified custody.
11 smart contract audits by 6 independent firms
Halborn, Hacken, OtterSec, ChainSecurity, Sigma Prime and Zellic. Reports are on the documentation site.
30+ chains, EVM and non-EVM
Vaults run on EVM chains such as Ethereum, Monad and Avalanche, and natively on Solana and Stellar.
The team behind Upshift
Aya Kantorovich
Previously on the founding team at FalconX.
Alexandre Elkrief
Previously a portfolio manager at LedgerPrime.
The team runs the Upshift prime stack, built for institutional trading desks: smart contract accounts, risk and pricing engines, and a network of institutional lenders and liquidity providers.
The company raised a $6 million seed round in 2023 and a $10 million Series A in March 2025, led by Dragonfly. Other investors include SCB Limited, 6th Man Ventures, Foresight Ventures, FinTech Collective, Robot Ventures and Maven11.
How Upshift works
The partner defines the product, a curator runs the strategy within set limits, and depositors hold receipt tokens for their share.
A Gnosis Safe multisig owns each vault and sets fees and caps. Upshift processes claimable redemptions daily, and some vaults offer instant redemption for a fee.
Partners usually launch in four steps:
- Step 1
Define the vault: deposit asset, target strategies, risk parameters and chain.
- Step 2
Pick a curator from Upshift's network or bring your own strategy team.
- Step 3
Deploy with the vault's limits, fees and deposit caps set from day one.
- Step 4
Integrate through the SDK or list the vault in the Upshift app.
Key facts
| Company name | Upshift |
|---|---|
| Type | Onchain yield infrastructure (B2B) for fintechs and asset managers, from 24/7 tokenized money market funds to DeFi strategies |
| Founded | Came out of stealth in April 2025 |
| Founders | Aya Kantorovich, Alexandre Elkrief |
| Website | upshift.finance |
| Core offering | Curated stablecoin, BTC and ETH vaults, from tokenized T-bills to market-neutral strategies, that partners offer inside their own products, plus PayFi, CeFi lending, RWA and credit vaults and Upshift Clear |
| Chains | 30+, including Ethereum, Monad, Avalanche, Flare, Solana and Stellar |
| Vaults | 50+ vaults launched |
| TVL | Peak above $550 million |
| Users | 66,000+ |
| Audits | 11 smart contract audits by 6 independent firms: Halborn, Hacken, OtterSec, ChainSecurity, Sigma Prime, Zellic |
| Investors | Dragonfly (Series A lead), SCB Limited, 6th Man Ventures, Foresight Ventures, FinTech Collective, Robot Ventures, Maven11 |
| Notable partners | Kraken Institutional, Tria, CoinDCX (Okto), Monad, Agora, Superstate, Securitize, Jumper, Fordefi; curators include Sentora and Steakhouse |
| Docs | docs.upshift.finance |
Frequently asked questions
Is Upshift custodial?
No. Funds sit in audited vault smart contracts and depositors hold receipt tokens representing their share. Upshift never takes custody of user assets.
What kinds of yield can partners offer?
Partners pick from three bands, conservative to enhanced: tokenized T-bills and money market funds, blue-chip and prime lending, and market-neutral or looped strategies. Most start with one conservative vault and add bands later on the same integration. The full menu is on the yield options page.
Who manages the strategies?
Each vault has a professional curator, typically a hedge fund or asset manager, that allocates within the limits set for that vault. Partners can pick a curator from Upshift's network or bring their own.
Which chains does Upshift support?
Upshift runs vaults on more than 30 chains. That includes EVM networks such as Ethereum, Monad, Avalanche and Flare, and non-EVM chains including Solana and Stellar.
How are Upshift vaults audited?
Upshift's contracts have been through 11 smart contract audits by 6 independent firms: Halborn, Hacken, OtterSec, ChainSecurity, Sigma Prime and Zellic. Audit reports are linked from the documentation site.
How do withdrawals work?
Depositors submit a redemption request, and Upshift processes claimable redemptions daily. Timing depends on each vault's strategy and is shown on the vault page; some vaults also offer instant redemption for a fee.
How does a partner launch a vault?
A partner defines the deposit asset, strategy, risk parameters and chain, pairs with a curator, and deploys with the vault's limits, fees and deposit caps set from day one. The vault can then be embedded through the Upshift SDK or listed in the Upshift app.
Do Upshift vaults promise a fixed return?
No. Vault returns come from the underlying strategies and change with market conditions, and every vault carries smart contract and strategy risk. Each vault page shows its strategy, curator and historical performance.
What is the Upshift prime stack?
It is the institutional layer under Upshift vaults. Every vault is priced and settled by Upshift, which validates the curator's net asset value before it reaches depositors. Curators who trade through Upshift prime accounts also get a policy engine, access to institutional lenders, and execution across onchain protocols and centralized venues from one account.
Talk to the team
Planning an Earn product, a treasury vault or a new strategy? We'll walk you through the options for your use case.