Use cases

Yield on balance-sheet stablecoins

Corporate, exchange and protocol treasuries earn onchain yield in a vault built for them alone, with limits, timelocks and reporting their finance team controls.

$14.72B was held in tokenized US Treasury products on 29 September 2026 (rwa.xyz).
Vault change
Management fee 1.00% → 0.80%
TimelockWaiting
Owner multisig · 3 of 5
FFinance lead
CCFO
TTreasury ops
Executed ✓
Allocation
T-bills60%
Lending30%
Buffer10%
$543M
in Upshift vaults, 29 Sep 2026
1
depositor: your treasury
10
audits by 6 independent firms
30+
chains supported
What buyers ask

What treasury teams ask first

Can the vault be ours alone?

Yes. A whitelisted vault can take deposits from your treasury wallets only.

Who can change the settings?

Parameter changes such as fees go through a timelock configured per vault, and the owner is a multisig.

Can our fund administrator verify it?

Positions and NAV are readable onchain, and third-party reporting is available on request.

How fast can we get cash out?

A liquid buffer pays normal withdrawals straight away, and larger amounts exit through fund redemptions or an instant oracle-priced sale.

Can we lend to institutional borrowers?

Lending vaults can lend to vetted borrowers against collateral, with limits set by the mandate.

With and without Upshift

Build it yourself, or let Upshift build it for you

Building it yourselfWith Upshift
Where cash sitsBank deposits or idle stablecoinsA vault only your treasury can deposit into
YieldMove money offchain to buy billsTokenized T-bills and lending, held in stablecoins
ControlsTrust the providerOwner multisig, configurable timelock, onchain limits
VisibilityStatements after the factPositions and NAV readable onchain at any time
ExitsBanking hours and settlement daysA liquid buffer, plus fund redemptions or instant exits
ContractsBuild and audit your ownLive contracts with 10 audits by 6 firms
How a launch runs

From first call to live Earn

  1. 1

    Set the mandate

    Choose the assets, limits and timelock the vault runs under.

  2. 2

    Review

    Your finance and compliance teams work through the data room and DDQ answers.

  3. 3

    Deploy

    Upshift deploys a whitelisted vault with your treasury as the only depositor.

  4. 4

    Monitor

    Positions and NAV are readable onchain, with reports on request.

Institutional clients live

Kraken Institutional clients allocate into permissioned vaults from their qualified custody account. Read the Kraken Institutional case study or how companies earn yield on treasury cash.

Get in touch

FAQs

Can a treasury have a vault only it can deposit into?

Yes. A whitelisted vault can accept deposits from your treasury wallets only.

Are changes to the vault timelocked?

Parameter changes such as the management fee go through a timelock configured per vault. Code upgrades are approved by a separate multisig.

Who holds the funds?

Upshift vaults are non-custodial. The vault contract holds the assets, and curators can only move funds between whitelisted protocols.

Can we hold tokenized T-bills in the vault?

Yes. A vault can hold tokenized Treasury bill and money market funds alongside a liquid stablecoin buffer.

Are the yields guaranteed?

No. Vault rates float with market conditions.

Can we allocate from qualified custody?

Kraken Institutional clients can allocate into permissioned vaults from their qualified custody account.

Talk to the treasury team

Tell us which balances you hold and the limits you work under. We'll come back with a vault setup and the review material your finance team will need.

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