Coinmerce Capital launches a USDC vault on HyperEVM
A $60M+ Dutch crypto fund manager brings its institutional strategies onchain through a non-custodial USDC vault on HyperEVM, co-curated with Clearstar.
Deposit into the Coinmerce Capital USDC vault: app.upshift.finance
Institutional crypto asset managers are moving their strategies into onchain vaults. Bitwise launched a vault on Morpho in January. Vault managers such as Sentora and Clearstar curate hundreds of millions of dollars on Upshift. Now Coinmerce Capital, one of the Netherlands' first crypto investment funds, has launched its first onchain vault, announced today. The USDC multi-strategy vault is live on HyperEVM, co-curated with Clearstar and built on Upshift's non-custodial vault infrastructure.
Who Coinmerce Capital is
Founded in 2018, Coinmerce Capital was among the first Dutch crypto investment funds. It manages more than $60M in AUM across directional and market-neutral strategies. Its flagship fund has outperformed Bitcoin and the CCI 30 index since inception, and it serves around 200 institutional investors, family offices and wealthy individuals. Until now, access to those strategies needed a minimum investment of EUR 100,000. Through Upshift's vault infrastructure they're permissionless for the first time, and anyone can deposit USDC with no minimum.
How the vault works
Coinmerce Capital and Clearstar jointly curate the vault, designing and executing a multi-strategy approach that includes:
- Levered lending across HyperEVM protocols
- HYPE basis trading and staking arbitrage
- Cross-chain yield optimisation, bridging to other EVM chains
Coinmerce Capital and Clearstar act as curators. Depositors' capital stays in Upshift's non-custodial vault contracts and never sits in omnibus accounts. Strategies run through Upshift's subaccount infrastructure. An onchain policy engine enforces risk limits at the protocol, chain and token level, and depositors can see where their capital is deployed at any time.
Parameter | Detail |
Network | HyperEVM (chain ID 999) |
Deposit asset | USDC |
Vault contract | 0xcfe06d2499aE635830D11859941e76354D5717CC |
Curators | Coinmerce Capital and Clearstar Labs |
Access | Public deposits, no depositor whitelist |
Why HyperEVM
Coinmerce Capital picked HyperEVM as its first vault chain because onchain activity there is growing, builders are busy around HIP-3 (perpetuals for every asset) and HIP-4 (prediction markets), and there are still few institutional USDC yield products for the capital coming in. As HyperEVM's lending and trading protocols multiply, USDC in the vault can move into new strategies as they launch.
The Coinmerce Group
The vault comes from one division of a larger crypto-native group. Coinmerce Group runs Coinmerce and Blox, two regulated Dutch crypto brokerages with more than 600,000 combined active clients. It also owns the crypto market maker Quantify, and Coinmerce Capital, the asset management arm. The group is expanding its brokerage business across Germany, Spain, France and Belgium (and now into vaults, alongside other crypto-native financial groups building onchain yield into their products).
“When I was building FalconX, institutional crypto meant OTC desks, custody, and fund structures. The strategies were good but access was limited. That era is ending. The best asset managers are moving their strategies into non-custodial vaults where anyone can participate.”
What's next
Coinmerce Capital plans to launch more vaults on Upshift after this first one. The USDC vault on HyperEVM is open for deposits now.
Risks
The vault carries the risks of the strategies it runs. Lending markets can take on bad debt or run short of liquidity. Liquidity positions lose value when prices move sharply, and funding rates on perpetual futures can turn negative. Every protocol the vault touches adds its own smart contract risk. Returns change with market conditions, and no level of return is guaranteed. Upshift's vault contracts don't carry smart contract insurance.
Always make sure to do your own research and be aware of the above and any other risks before depositing.
Deposit into the Coinmerce Capital USDC vault: app.upshift.finance/pools/999/0xcfe06d2499aE635830D11859941e76354D5717CC
Deposit into the Coinmerce Capital USDC vault: app.upshift.finance
Bringing a fund or strategy onchain? See how asset managers run strategies as vaults, with NAV, fees and redemptions handled by the vault contract. The Upshift team can scope the structure with you.
Keep reading
- How traditional asset managers are controlling risk in DeFi: the controls fund managers put around onchain strategies.
- Who does what in an onchain vault: the roles of the curator, the infrastructure and the depositor.
- USDC yield: where it comes from and how to earn it.
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