Blockchain Development for Institutional Onchain Finance
We design, build, and run the systems behind DeFi, tokenization, RWA, and stablecoins, for banks, CASPs, asset managers, fintechs, and Web3 protocols. 250+ projects since 2016.
What we build for regulated finance
For banks, payment institutions, CASPs and asset managers.
Client products
Services your clients use, under your brand and licence
Market reference: 35 public launches ↓Controls & compliance
Custody, KYC and AML checks, reserve reporting and 24/7 monitoring
Smart contracts
Contracts that issue, transfer and settle your assets
Solhint, used by 1M+ developers
Data & connectivity
Market data, reserve data and links between networks
Top-3 indexer in The Graph
Infrastructure
Nodes and networks we operate under a service level agreement
Also for onchain networks: DeFi protocolsL1 / L2 chainsDAO treasuriesPrediction markets
Institutions on crypto rails
Our 22 blueprints show how products like these are built and what your launch needs.
- 9
- before 2025
- 26
- since January 2025
Logos mark public launches, not clients.
| Date | Institution | Blueprint audience | Blueprint | Figure |
|---|---|---|---|---|
| Oct 2022 | N26 | For banks | In-App Crypto Brokerage | 300+ assets to trade inside the N26 app |
| 2023 | Hamilton Lane | For asset managers & corporates | Tokenized Private Credit Fund With Borrowing Against Units | USD 10,000 minimum subscription, down from USD 2 million |
| 2 Oct 2023 | Zuger Kantonalbank | For banks | In-App Crypto Brokerage | Crypto trading inside the bank's own e-banking and app, on Sygnum |
| 21 Feb 2024 | PostFinance | For banks | In-App Crypto Brokerage | ~56% of its crypto clients were new to investment products |
| 5 Jun 2024 | dwpbank and MLP Banking AG | For banks | In-App Crypto Brokerage | Crypto held beside securities in the same bank depot, funded from the bank account, with no separate wallet |
| 2024 | Gnosis Pay | For CASPs | Self-Custody Crypto Card Programme | A Visa card that spends from the customer's own Safe wallet, topped up by SEPA transfer |
| 2024 | Spiko | For asset managers & corporates | Tokenized Euro Money Market Fund (UCITS) | USD 924.1M reported assets of its euro T-bill fund, stated in USD |
| Aug 2024 | Banking Circle S.A. | For EMIs & PSPs | Euro Stablecoin Issuance (EMT) | ~EUR 51M in EURI, the third-largest euro token |
| Nov 2024 | Printemps | For EMIs & PSPs | Crypto Acceptance, Euro Settlement | 20 French stores taking crypto, settled in euro |
| Jan 2025 | Coinbase | For banks | Crypto-Backed Lombard Loans | USD 2.17bn of loans originated in its US app, a Coinbase figure. Coinbase is not the lender. |
| 16 Jan 2025 | PostFinance | For banks | Staking-as-a-Service for Custody Clients | ~11 months from crypto trading to ETH staking |
| 21 Jan 2025 | Apex Group, for Fasanara Capital | For asset managers & corporates | Fund Tokenization as an Admin Service | Apex, as administrator and transfer agent, supplies the whole capability for Fasanara's money market token |
| 30 Jan 2025 | Apollo Global Management | For asset managers & corporates | Tokenized Private Credit Fund With Borrowing Against Units | USD 95.0M in the tokenized feeder into its Diversified Credit Fund, with 72 holders (rwa.xyz) |
| May 2025 | Relai | For banks | Crypto-Backed Lombard Loans | 50% maximum loan-to-value; Sygnum Bank makes the loans and Relai brings the clients |
| May 2025 | Cantor Fitzgerald | For banks | Crypto-Backed Lombard Loans | USD 2bn of initial bitcoin financing capacity, as announced in March 2025 |
| May 2025 | BNP Paribas Asset Management | For asset managers & corporates | Digital Share Class on an Existing Fund | A natively tokenized money market share class on an existing Luxembourg fund |
| 4 Jul 2025 | BBVA | For banks | In-App Crypto Brokerage | ~4 months from CNMV registration to launch in the BBVA app |
| Jul 2025 | Societe Generale FORGE | For CASPs | Stablecoin Earn Product | Lending markets for its own MiCA stablecoins, with the architecture signed off by the group's credit committee |
| 31 Jul 2025 | AllUnity GmbH | For EMIs & PSPs | Euro Stablecoin Issuance (EMT) | Joint venture of DWS, Flow Traders and Galaxy |
| 1 Oct 2025 | Anemoy Capital SPC Limited, with Janus Henderson and Apollo | For asset managers & corporates | Tokenized Private Credit Fund With Borrowing Against Units | USD 31.0M in a second tokenized feeder into the same Apollo credit strategy, on a separate rail (Centrifuge) |
| 15 Oct 2025 | ODDO BHF | For EMIs & PSPs | Euro Stablecoin Issuance (EMT) | A euro stablecoin from a Franco-German bank group, listed on Bit2Me; the bank does not distribute it to the public itself |
| 28 Oct 2025 | Virtune AB | For EMIs & PSPs | Reserve-Capped Mint Controls | 6 exchange-traded products with Chainlink Proof of Reserve checks from launch |
| 12 Jan 2026 | DZ BANK | For banks | In-App Crypto Brokerage | 646 co-op banks; each must switch it on itself |
| Feb 2026 | Bitpanda | For CASPs | Euro Stablecoin From a Licensed Issuer | ~7M registered users, distributing a dollar stablecoin it does not issue |
| Feb 2026 | Kraken, SwissBorg, Zodia, CoinsPaid | For CASPs | Euro Stablecoin From a Licensed Issuer | Global Dollar Network members alongside Bitpanda, distributing a dollar stablecoin without issuing one |
| Mar 2026 | Amundi, with Spiko | For asset managers & corporates | Tokenized Euro Money Market Fund (UCITS) | USD 136.4M in a tokenized money market fund Amundi runs with Spiko |
| 19 Mar 2026 | Apex Group, for Coinbase Asset Management | For asset managers & corporates | Fund Tokenization as an Admin Service | The same Apex set-up for a second manager, Coinbase Asset Management, on a second chain |
| 8 Apr 2026 | Worldline | For EMIs & PSPs | Stablecoin Payout Corridors | Launch collaborator on Circle's stablecoin settlement service for PSPs and financial institutions across Europe |
| 14 Apr 2026 | SS&C Calastone, for Legal & General | For asset managers & corporates | Fund Tokenization as an Admin Service | Sterling, euro and dollar liquidity funds on Calastone's tokenized distribution network |
| 11 May 2026 | Corpay | For EMIs & PSPs | Stablecoin Payout Corridors | Stablecoin wallets and settlement for cross-border payments and treasury, on BVNK |
| 2 Jun 2026 | Checkout.com x Coinbase Payments | For EMIs & PSPs | Crypto Acceptance, Euro Settlement | 1,000+ enterprise merchants accepting USDC and USDT, settled to them in USD |
| 8 Jun 2026 | Ledger | For asset managers & corporates | Stablecoin Payments in Your TMS | Stablecoin payments run inside its Kyriba treasury system, with no separate workflow |
| 8 Jun 2026 | Mantu | For asset managers & corporates | Stablecoin Payments in Your TMS | The same Kyriba set-up as Ledger, used for cross-border intercompany settlement |
| 23 Jul 2026 | BancaStato | For banks | In-App Crypto Brokerage | Crypto shown like any other security in e-banking, statements and tax certificates |
| 4 Aug 2026 | BlackRock | For asset managers & corporates | Digital Share Class on an Existing Fund | 12 tokenized share classes on six existing UCITS money funds |
Case studies
Selected work from 250+ projects since 2016.
About Protofire
Protofire is an engineering firm that has designed, built, and operated on-chain infrastructure since 2016, for Web3 protocols, DeFi platforms, and institutions bringing real assets on-chain.
Ecosystems we have built in






Meet Our Team
Since 2016, this team has been building the open financial infrastructure that protocols, fintechs, and banks now run on.













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Tell us what you are building. An engineer reads it, we have a short call, and the written proposal follows within one business day.
Budget
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