DeFi Companies

Qivalis is a Dutch-registered company (Qivalis B.V., KVK 98235680) developing a fully regulated, 1:1 euro-backed stablecoin intended to comply with EU MiCA requirements. The stablecoin is backed by a consortium of European banks including CaixaBank, ING, and Raiffeisen Bank International, positioning it as an institutional-grade digital euro instrument. The product targets payments, settlement, and tokenized asset use cases across European financial infrastructure. As of late 2025, no stablecoin or smart contracts have been issued yet; the project is in a pre-launch, partnership-building phase with distribution agreements reportedly finalized for 2026.

Record Nexus is building on-chain financial infrastructure for real-world intellectual property, starting with music royalties and expanding to media, pharma, fashion, and industrial IP. The platform tokenizes royalty streams and IP-backed assets, enabling permissionless investing and capital formation against intangible assets. Its core products include IP-backed financial instruments, liquidity networks, and governance tooling aimed at making IP finance transparent and institutionally accessible. The project positions itself within the RWA (real-world asset) DeFi space, citing a $74T global intangible asset market and a $22.4B IP-financing market as its addressable opportunity.

Reflect is a Solana-based protocol that issues yield-bearing stablecoins which automatically deploy user funds into DeFi yield strategies while maintaining full liquidity. Its core product converts standard stablecoins like USDC into interest-accruing variants (e.g., USDC+) that farm rates across Solana protocols without requiring lockups or minimum deposits. The protocol also offers programmable stablecoin infrastructure for developers and protocols to deploy custom yield-strategy stablecoins via an API, and plans on-chain insurance coverage for all issued stablecoins. Backed by a $3.75M seed round with investors including a16z crypto, Colosseum, and Equilibrium, Reflect targets retail users, DeFi power users, institutions with idle reserves, and third-party protocol integrators.

Resupply is a decentralized stablecoin protocol that allows users to deposit crvUSD or frxUSD into Curve Lend or Fraxlend markets as collateral and borrow its native stablecoin, reUSD, against those lending positions. The core mechanic is rehypothecation of stablecoin lending positions, enabling up to 20x yield amplification while keeping volatility risk low since collateral and borrowed assets are both stablecoins. The protocol includes an Insurance Pool that handles liquidations and protects against external collateral failures, distributing a share of protocol revenue to pool depositors. Built by teams behind Convex and Yearn, Resupply has approximately $37M in total collateral and 34M reUSD outstanding, with governance managed via the RSUP token.

Saffron Finance is a fixed yield protocol built on top of Uniswap concentrated liquidity pools, matching liquidity providers seeking predictable fixed returns with traders willing to purchase future yield. The protocol operates through a vault system (56 vaults as of the site snapshot) and has generated over $15.6 million in total earnings, though current TVL sits at roughly $98,000. Governance is managed by holders of the native SFI (Spice) token, capped at 100,000 total supply, via the Saffron DAO. The protocol has undergone multiple third-party security audits from firms including Quantstamp, Halborn, Sherlock, and ChainSecurity, and received seed funding of $2 million in March 2021 from backers including Dragonfly Capital, Multicoin Capital, Coinbase Ventures, and ParaFi Capital.

Saturn (Saturn Labs) issues a yield-bearing stablecoin system built on top of MicroStrategy's STRC, a Bitcoin-linked credit instrument. The protocol offers two tokens: USDat, a non-yielding stablecoin backed 100% by tokenized U.S. Treasuries, and sUSDat, a staked variant backed by STRC digital credit that accrues yield as STRC dividends accumulate. The protocol targets 11%+ on-chain yield using institutional-grade Bitcoin-collateralized credit as the reserve base, positioning itself as a transparent RWA-backed stablecoin alternative. Saturn raised $800K in early 2026 and references $8.5B in digital credit market size and $100M+ in average daily STRC volume.

Schuman Financial issues EURØP, a euro-denominated stablecoin designed for the European market and built to comply with the EU's MiCA (Markets in Crypto-Assets) regulatory framework. The product is a fiat-backed stablecoin, meaning each EURØP token is backed by euro reserves, targeting both retail and institutional users seeking a compliant euro on-chain. The MiCA compliance angle is a core differentiator, positioning EURØP as a regulated alternative to non-compliant euro stablecoins in the EU. The company raised a $7.36M seed round in November 2024, signaling early-stage institutional backing for its regulatory-first approach to euro stablecoin issuance.

Shade Protocol is a privacy-focused DeFi suite built on Secret Network, offering swaps, lending, borrowing, bridging, bonds, and derivatives under a single platform. Its flagship product is Silk, a stablecoin pegged to a basket of global currencies and commodities rather than a single fiat currency, designed to provide stability and on-chain privacy. The protocol emphasizes data protection at the application layer, leveraging Secret Network's confidential smart contracts to shield transaction details. As of the website, the protocol reports approximately $34.5M in TVL and over 3.4M Silk tokens in circulation, with a $5M private token sale completed in February 2022.

Shift DeFi is a decentralized yield aggregation platform that deploys user capital across curated DeFi strategies via smart contracts, with no custodial intermediaries. The platform uses an institutional-grade, AI-powered risk monitoring system that tracks price shocks, liquidity drops, and governance risks in real time, triggering automatic protective actions when thresholds are breached. Users interact through 'Vaults' — pre-curated, risk-rated DeFi portfolios — and can monitor allocations and performance via a live dashboard. The discovery source metadata references tokenized stocks and ETFs under the 'Shift Stocks' product, though the website content focuses on the yield aggregation platform, suggesting the project may span multiple product lines.

SmartDeFi is a multi-chain token launchpad built on BNB Chain (and other EVM chains) that allows anyone to create and deploy cryptocurrency tokens with built-in presale functionality. The platform has facilitated 210 token launches, 299 presales (79 successful), and raised roughly $597k in total presale capital, with 108k holders and 335 liquidity pairs tracked on its dashboard. It is closely tied to the FEG Token ecosystem, with FEG serving as a native pairing asset across 96 dedicated liquidity pairs. SmartDeFi was recently listed on BNB Chain's DappBay directory and markets itself as a fully audited launchpad accessible to retail token creators.

Smilee Finance is an on-chain derivatives protocol focused on decentralized volatility products, built on EVM-compatible blockchains. It raised a $2M seed round in May 2023 and is categorized under DeFi/on-chain derivatives. The protocol appears to enable users to trade or provide liquidity around implied volatility, a niche within DeFi derivatives distinct from standard perpetuals or options. The website was inaccessible at time of review due to a bot-protection challenge page, limiting further product detail.

Solanium is a multichain IDO launchpad built on Solana that allows crypto projects to raise funds through token sales distributed to community members. Users stake SLIM tokens to earn allocation rights in project sales, with approximately 40.6 million SLIM staked across nearly 8,000 stakers at the time of review. The platform includes a 'Solanium Shield' mechanism where community members vote on projects and fund distribution is tied to token performance, offering a degree of downside protection. Past launches include projects such as DeFiLand, Nosana, and Solice, and the platform lists its SLIM token on MEXC, Gate.io, and Jupiter.

Solido Money is a DeFi protocol built on the Supra blockchain (Move-based) offering three core products: FLOW (liquid staking of $SUPRA yielding stSUPRA), CASH (interest-free collateralized stablecoin borrowing), and GROW (tokenized auto-compounding yield via bCASH). The platform positions itself as the foundational DeFi stack for Supra's AutoFi ecosystem, with $2.09M TVL and 1.41B stSUPRA in circulation as of mid-2025. It raised $800,000 in a funding round announced in September 2025 to build out core DeFi primitives. Governance is handled via the SOLID token, with veSOLID voting and stSOLID yield mechanics; a seasonal incentive program called BlockRush distributes SOLID rewards to active users.

SOOHO.IO is a Seoul-based blockchain security and financial infrastructure company that builds stablecoin platforms and related services for institutional clients. Its core product line includes Ezys, a stablecoin payment and disbursement platform, and Purplace, a purpose-bound money (PBM) solution covering issuance, management, and wallet construction. The company also operates Reagent, an AI-based smart contract security monitoring platform that provides 24/7 threat detection. Founded with a security-first background, SOOHO.IO targets enterprises and financial institutions seeking to integrate blockchain-based payment rails, stablecoin infrastructure, and programmable money solutions. The company is headquartered in Gangnam-gu, Seoul, South Korea, and is recognized as a Hyperledger Besu Certified Service Provider.

Spicenet is a DeFi liquidity and execution infrastructure layer that connects decentralized applications and blockchain ecosystems to liquidity venues, yield sources, and financial instruments across multiple chains. Its core product, Spice Edge, is a composable API/SDK that enables apps to access cross-chain liquidity and deliver better trade execution and yield outcomes from a single integration. The platform targets three audiences: chains seeking to attract DeFi apps, app developers building new DeFi primitives, and asset issuers wanting embedded DeFi infrastructure. It is live on Arbitrum and Citrea, with integrations spanning Ethereum, Avalanche, Polygon, BNB Chain, Base, Monad, and Injective, among others. The project raised a $3.4M seed round in December 2024.

Spiral DAO is a decentralized autonomous organization built around yield farming, vote incentive markets, and veTokenomics. It aggregates governance tokens from multiple DeFi protocols and deploys treasury rebalancing mechanisms to exploit inefficiencies in vote incentive markets, aiming to generate high yields for participants. A key design feature is built-in dilution protection and reduced sell pressure across aggregated protocol tokens. The protocol includes a native swap interface (SpiralSwap), staking, a treasury dashboard, and has undergone a security audit by Pessimistic.io.

Stable Jack is a DeFi protocol that splits yield-bearing assets into separate components — yield, volatility, and points exposure — allowing users to trade or amplify each independently. The protocol is conceptually similar to Pendle Finance in its yield-tokenization approach, but extends the model to include volatility and points markets for any supported asset. Users can increase or hedge their exposure to specific return streams without selling the underlying asset. The project raised $1.25 million via a public token sale in March 2025 and operates a live app at app.stablejack.xyz.

Standard Money is a financial infrastructure company on BNB Chain that issues USDsd, a fully collateralized decentralized stablecoin designed for on-chain transparency and censorship resistance. The protocol targets DeFi liquidity expansion, advertising up to 30% annual yields with no lock-up period for participants. It was incubated by YZi Labs and counts Binance Labs, Ceffu, Gate.io, Crypto.com, and Animoca Brands among its backers. The project raised $8M in a strategic round announced in late 2025 and also offers a Money Card product, suggesting a broader on-chain financial services roadmap.

StandX is a DeFi protocol offering a yield-bearing stablecoin (DUSD) and a perpetuals trading platform where margin positions automatically accrue yield. DUSD is fully collateralized via market-neutral strategies including spot staking and funding rate arbitrage, distributing returns to holders without requiring staking. The protocol reports $100M TVL, over 235,000 DUSD holders, and $444M in 24-hour perpetuals volume. Differentiating features include 'Block Trade' (zero-slippage large-order matching) and 'SIP-2 Position Yield' (yield accrual on open perp positions), both described as protocol-native innovations.

Steer Protocol is an on-chain asset management infrastructure platform offering automated liquidity vaults, tokenomics tooling, and AI-driven strategy execution across 40+ blockchains. Its core products include concentrated liquidity management vaults (smart pools), incentive/rewards mechanisms for protocol tokenomics, and smart wallet infrastructure for autonomous asset management. The platform supports 1,000+ tokens, has deployed 4,000+ vaults, and serves 40,000+ users through a network of 250+ strategic partners including DEXs, protocols, and chains such as Arbitrum. It raised a $1.5M seed round in April 2023 and targets asset managers, DeFi protocols, and builders seeking white-label yield and liquidity automation tools.

Streamex operates the GLDY platform, a gold-backed stablecoin that pays holders a 3.50% annual yield. Each GLDY token is pegged to physical gold held in insured vaults, with on-chain proof of reserves and the option for physical redemption. The platform targets investors seeking gold exposure without the storage costs, settlement delays, or geographic restrictions of physical bullion, ETFs, or futures. Streamex also operates an 'Aurum' product and publishes market insights, positioning itself as a tokenized real-world asset issuer with DeFi composability.

SuiPad is an IDO launchpad built on the Sui blockchain that allows retail participants to gain early access to token sales for vetted Web3 projects. Users stake the native $SUIP token to earn VESUIP, an equity token that determines allocation size in private and public IDO sales. The platform has facilitated over 22 projects with more than $8.1M in participation across 15,000+ participants. $SUIP is listed on centralized exchanges including KuCoin and Gate.io, as well as the Sui-native DEX Cetus, and the smart contracts have been audited by MoveBit. SuiPad partnered with Kairon Labs in 2023 to improve token liquidity.

SuperBots is a decentralized automated trading platform that deploys algorithmic trading bots via smart-contract vaults on DEXs, targeting retail crypto investors who want passive exposure to on-chain trading strategies. Users deposit capital into vaults such as 'ETH Supreme,' which execute predefined algorithms autonomously, with performance metrics like estimated APR and TVL displayed publicly. The platform is built around the MBXN token, which can be staked, and is affiliated with the UpBots ecosystem. The MBXN token was listed on CoinStore exchange in mid-2024, and the platform operates across Ethereum and BNB Chain.

Superform Labs operates an onchain yield aggregation platform that routes user deposits across 800+ earning opportunities spanning multiple DeFi protocols and blockchains. Its core product, SuperVaults, automatically optimizes yield allocation across assets like USDC, abstracting away cross-chain complexity such as bridging, RPC switching, and token swapping. The platform holds over $130M in deposits and competes on yield against traditional savings vehicles, citing a 7.61% APY benchmark versus bank rates near 0.50%. Security is emphasized through multiple independent audits, and the protocol supports both same-chain and cross-chain deposits and withdrawals in a single interface.