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, and 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 DeFi 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. The firm manages more than $60M in AUM across directional and market-neutral strategies, and its flagship fund has outperformed Bitcoin and the CCI 30 index since inception, serving around 200 institutional investors, family offices and wealthy individuals. Until now, access to Coinmerce Capital's strategies required a minimum investment of EUR 100,000. Through Upshift's vault infrastructure, those strategies are permissionless for the first time, and any user 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, not custodians. Depositors' capital stays in Upshift's non-custodial vault contracts and never sits in omnibus accounts. Strategy execution runs through Upshift's subaccount infrastructure, with an onchain policy engine enforcing risk limits at the protocol, chain and token level, so depositors can see where their capital is deployed at any time.

Why HyperEVM

Coinmerce Capital chose HyperEVM as its first vault chain on a simple thesis: growing onchain activity, strong builder momentum around HIP-3 (perpetuals for every asset) and HIP-4 (prediction markets), and relatively few institutional USDC yield products compared with the capital entering the ecosystem. As HyperEVM's DeFi layer expands, USDC in the vault can be deployed across new protocols and strategies as they launch.

The Coinmerce Group

The vault comes from one division of a larger crypto-native group. Coinmerce Group operates Coinmerce and Blox, two regulated Dutch crypto brokerages with more than 600,000 combined active clients, the crypto market maker Quantify, and Coinmerce Capital, the asset management arm now entering DeFi. The group is expanding its brokerage operations across Germany, Spain, France and Belgium, and its move into vault infrastructure points to a broader direction, with crypto-native financial groups building onchain yield into their product stacks.

What's next

Coinmerce Capital plans to launch additional vaults on Upshift, expanding its DeFi presence beyond this first deployment. For users looking for institutional-grade USDC yield on HyperEVM, the vault is live 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, funding rates on perpetual futures can turn negative, and 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

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.