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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.

250+
Projects delivered since 2016
$2B+
In assets secured across 120+ networks
1M+
Developers rely on our open-source dev tools
0
Vulnerabilities across 250+ delivered projects
Trusted by 60+ networks and 95+ protocols

What we build for regulated finance

For banks, payment institutions, CASPs and asset managers.

  1. Client products

    Services your clients use, under your brand and licence

    Market reference: 35 public launches ↓
  2. Controls & compliance

    Custody, KYC and AML checks, reserve reporting and 24/7 monitoring

  3. Smart contracts

    Contracts that issue, transfer and settle your assets

    Solhint, used by 1M+ developers

  4. Data & connectivity

    Market data, reserve data and links between networks

    Top-3 indexer in The Graph

  5. Infrastructure

    Nodes and networks we operate under a service level agreement

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
PostFinance
~56%

of its crypto clients were new to investment products

Live since 21 Feb 2024
Cited in our blueprint: In-App Crypto Brokerage
6 more launches cited in the same blueprint
BBVA
~4 months

from CNMV registration to launch in the BBVA app

Live since 4 Jul 2025
Cited in our blueprint: In-App Crypto Brokerage
6 more launches cited in the same blueprint
DZ BANK
646

co-op banks; each must switch it on itself

Live since 12 Jan 2026
Cited in our blueprint: In-App Crypto Brokerage
6 more launches cited in the same blueprints
Hamilton Lane
USD 10,000

minimum subscription, down from USD 2 million

Live since 2023
Cited in our blueprint: Tokenized Private Credit Fund With Borrowing Against Units
2 more launches cited in the same blueprint
BlackRock
12

tokenized share classes on six existing UCITS money funds

Live since 4 Aug 2026
Cited in our blueprint: Digital Share Class on an Existing Fund
5 more launches cited in the same blueprints
BancaStato

Crypto shown like any other security in e-banking, statements and tax certificates

Live since 23 Jul 2026
Cited in our blueprint: In-App Crypto Brokerage
6 more launches cited in the same blueprint
Mantu

The same Kyriba set-up as Ledger, used for cross-border intercompany settlement

Live since 8 Jun 2026
Cited in our blueprint: Stablecoin Payments in Your TMS
1 more launch cited in the same blueprint
Ledger

Stablecoin payments run inside its Kyriba treasury system, with no separate workflow

Live since 8 Jun 2026
Cited in our blueprint: Stablecoin Payments in Your TMS
1 more launch cited in the same blueprint
Checkout.com x Coinbase Payments
1,000+

enterprise merchants accepting USDC and USDT, settled to them in USD

Live since 2 Jun 2026
Cited in our blueprint: Crypto Acceptance, Euro Settlement
1 more launch cited in the same blueprint
Corpay

Stablecoin wallets and settlement for cross-border payments and treasury, on BVNK

Live since 11 May 2026
Cited in our blueprint: Stablecoin Payout Corridors
1 more launch cited in the same blueprint
SS&C Calastone, for Legal & General

Sterling, euro and dollar liquidity funds on Calastone's tokenized distribution network

Live since 14 Apr 2026
Cited in our blueprint: Fund Tokenization as an Admin Service
4 more launches cited in the same blueprint
Worldline

Launch collaborator on Circle's stablecoin settlement service for PSPs and financial institutions across Europe

Live since 8 Apr 2026
Cited in our blueprint: Stablecoin Payout Corridors
1 more launch cited in the same blueprint
Apex Group, for Coinbase Asset Management

The same Apex set-up for a second manager, Coinbase Asset Management, on a second chain

Live since 19 Mar 2026
Cited in our blueprint: Fund Tokenization as an Admin Service
4 more launches cited in the same blueprint
Amundi, with Spiko
USD 136.4M

in a tokenized money market fund Amundi runs with Spiko

As at 8 August 2026

Live since Mar 2026
Cited in our blueprint: Tokenized Euro Money Market Fund (UCITS)
1 more launch cited in the same blueprint
Kraken, SwissBorg, Zodia, CoinsPaid

Global Dollar Network members alongside Bitpanda, distributing a dollar stablecoin without issuing one

Live since Feb 2026
Cited in our blueprint: Euro Stablecoin From a Licensed Issuer
1 more launch cited in the same blueprint
Bitpanda
~7M

registered users, distributing a dollar stablecoin it does not issue

Live since Feb 2026
Cited in our blueprint: Euro Stablecoin From a Licensed Issuer
1 more launch cited in the same blueprint
Virtune
6

exchange-traded products with Chainlink Proof of Reserve checks from launch

Live since 28 Oct 2025
Cited in our blueprint: Reserve-Capped Mint Controls
ODDO BHF

A euro stablecoin from a Franco-German bank group, listed on Bit2Me; the bank does not distribute it to the public itself

Live since 15 Oct 2025
Cited in our blueprint: Euro Stablecoin Issuance (EMT)
2 more launches cited in the same blueprint
Anemoy Capital SPC Limited, with Janus Henderson and Apollo
USD 31.0M

in a second tokenized feeder into the same Apollo credit strategy, on a separate rail (Centrifuge)

As at 13 August 2026

Live since 1 Oct 2025
Cited in our blueprint: Tokenized Private Credit Fund With Borrowing Against Units
2 more launches cited in the same blueprint
AllUnity GmbH

Joint venture of DWS, Flow Traders and Galaxy

Live since 31 Jul 2025
Cited in our blueprint: Euro Stablecoin Issuance (EMT)
2 more launches cited in the same blueprint
Societe Generale FORGE

Lending markets for its own MiCA stablecoins, with the architecture signed off by the group's credit committee

Live since Jul 2025
Cited in our blueprint: Stablecoin Earn Product
BNP Paribas Asset Management

A natively tokenized money market share class on an existing Luxembourg fund

Live since May 2025
Cited in our blueprint: Digital Share Class on an Existing Fund
1 more launch cited in the same blueprint
Cantor Fitzgerald
USD 2bn

of initial bitcoin financing capacity, as announced in March 2025

Live since May 2025
Cited in our blueprint: Crypto-Backed Lombard Loans
2 more launches cited in the same blueprint
Relai
50%

maximum loan-to-value; Sygnum Bank makes the loans and Relai brings the clients

Live since May 2025
Cited in our blueprint: Crypto-Backed Lombard Loans
2 more launches cited in the same blueprint
Apollo Global Management
USD 95.0M

in the tokenized feeder into its Diversified Credit Fund, with 72 holders (rwa.xyz)

As at 13 August 2026

Live since 30 Jan 2025
Cited in our blueprint: Tokenized Private Credit Fund With Borrowing Against Units
6 more launches cited in the same blueprints
Apex Group, for Fasanara Capital

Apex, as administrator and transfer agent, supplies the whole capability for Fasanara's money market token

Live since 21 Jan 2025
Cited in our blueprint: Fund Tokenization as an Admin Service
4 more launches cited in the same blueprint
PostFinance
~11 months

from crypto trading to ETH staking

Live since 16 Jan 2025
Cited in our blueprint: Staking-as-a-Service for Custody Clients
Coinbase
USD 2.17bn

of loans originated in its US app, a Coinbase figure. Coinbase is not the lender.

As at 14 Apr 2026

Live since Jan 2025
Cited in our blueprint: Crypto-Backed Lombard Loans
2 more launches cited in the same blueprint
Printemps
20

French stores taking crypto, settled in euro

Live since Nov 2024
Cited in our blueprint: Crypto Acceptance, Euro Settlement
1 more launch cited in the same blueprint
Banking Circle S.A.
~EUR 51M

in EURI, the third-largest euro token

As at 27 April 2026

Live since Aug 2024
Cited in our blueprint: Euro Stablecoin Issuance (EMT)
2 more launches cited in the same blueprints
Spiko
USD 924.1M

reported assets of its euro T-bill fund, stated in USD

As at 8 August 2026

Live since 2024
Cited in our blueprint: Tokenized Euro Money Market Fund (UCITS)
1 more launch cited in the same blueprint
Gnosis Pay

A Visa card that spends from the customer's own Safe wallet, topped up by SEPA transfer

Live since 2024
Cited in our blueprint: Self-Custody Crypto Card Programme
dwpbank and MLP Banking AG

Crypto held beside securities in the same bank depot, funded from the bank account, with no separate wallet

Live since 5 Jun 2024
Cited in our blueprint: In-App Crypto Brokerage
6 more launches cited in the same blueprint
Zuger Kantonalbank

Crypto trading inside the bank's own e-banking and app, on Sygnum

Live since 2 Oct 2023
Cited in our blueprint: In-App Crypto Brokerage
6 more launches cited in the same blueprint
N26
300+

assets to trade inside the N26 app

Live since Oct 2022
Cited in our blueprint: In-App Crypto Brokerage
6 more launches cited in the same blueprint
See all 22 blueprints →

Logos mark public launches, not clients.

Every launch cited in the blueprint library
DateInstitutionBlueprint audienceBlueprintFigure
Oct 2022N26For banksIn-App Crypto Brokerage300+ assets to trade inside the N26 app
2023Hamilton LaneFor asset managers & corporatesTokenized Private Credit Fund With Borrowing Against UnitsUSD 10,000 minimum subscription, down from USD 2 million
2 Oct 2023Zuger KantonalbankFor banksIn-App Crypto BrokerageCrypto trading inside the bank's own e-banking and app, on Sygnum
21 Feb 2024PostFinanceFor banksIn-App Crypto Brokerage~56% of its crypto clients were new to investment products
5 Jun 2024dwpbank and MLP Banking AGFor banksIn-App Crypto BrokerageCrypto held beside securities in the same bank depot, funded from the bank account, with no separate wallet
2024Gnosis PayFor CASPsSelf-Custody Crypto Card ProgrammeA Visa card that spends from the customer's own Safe wallet, topped up by SEPA transfer
2024SpikoFor asset managers & corporatesTokenized Euro Money Market Fund (UCITS)USD 924.1M reported assets of its euro T-bill fund, stated in USD
Aug 2024Banking Circle S.A.For EMIs & PSPsEuro Stablecoin Issuance (EMT)~EUR 51M in EURI, the third-largest euro token
Nov 2024PrintempsFor EMIs & PSPsCrypto Acceptance, Euro Settlement20 French stores taking crypto, settled in euro
Jan 2025CoinbaseFor banksCrypto-Backed Lombard LoansUSD 2.17bn of loans originated in its US app, a Coinbase figure. Coinbase is not the lender.
16 Jan 2025PostFinanceFor banksStaking-as-a-Service for Custody Clients~11 months from crypto trading to ETH staking
21 Jan 2025Apex Group, for Fasanara CapitalFor asset managers & corporatesFund Tokenization as an Admin ServiceApex, as administrator and transfer agent, supplies the whole capability for Fasanara's money market token
30 Jan 2025Apollo Global ManagementFor asset managers & corporatesTokenized Private Credit Fund With Borrowing Against UnitsUSD 95.0M in the tokenized feeder into its Diversified Credit Fund, with 72 holders (rwa.xyz)
May 2025RelaiFor banksCrypto-Backed Lombard Loans50% maximum loan-to-value; Sygnum Bank makes the loans and Relai brings the clients
May 2025Cantor FitzgeraldFor banksCrypto-Backed Lombard LoansUSD 2bn of initial bitcoin financing capacity, as announced in March 2025
May 2025BNP Paribas Asset ManagementFor asset managers & corporatesDigital Share Class on an Existing FundA natively tokenized money market share class on an existing Luxembourg fund
4 Jul 2025BBVAFor banksIn-App Crypto Brokerage~4 months from CNMV registration to launch in the BBVA app
Jul 2025Societe Generale FORGEFor CASPsStablecoin Earn ProductLending markets for its own MiCA stablecoins, with the architecture signed off by the group's credit committee
31 Jul 2025AllUnity GmbHFor EMIs & PSPsEuro Stablecoin Issuance (EMT)Joint venture of DWS, Flow Traders and Galaxy
1 Oct 2025Anemoy Capital SPC Limited, with Janus Henderson and ApolloFor asset managers & corporatesTokenized Private Credit Fund With Borrowing Against UnitsUSD 31.0M in a second tokenized feeder into the same Apollo credit strategy, on a separate rail (Centrifuge)
15 Oct 2025ODDO BHFFor EMIs & PSPsEuro 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 2025Virtune ABFor EMIs & PSPsReserve-Capped Mint Controls6 exchange-traded products with Chainlink Proof of Reserve checks from launch
12 Jan 2026DZ BANKFor banksIn-App Crypto Brokerage646 co-op banks; each must switch it on itself
Feb 2026BitpandaFor CASPsEuro Stablecoin From a Licensed Issuer~7M registered users, distributing a dollar stablecoin it does not issue
Feb 2026Kraken, SwissBorg, Zodia, CoinsPaidFor CASPsEuro Stablecoin From a Licensed IssuerGlobal Dollar Network members alongside Bitpanda, distributing a dollar stablecoin without issuing one
Mar 2026Amundi, with SpikoFor asset managers & corporatesTokenized Euro Money Market Fund (UCITS)USD 136.4M in a tokenized money market fund Amundi runs with Spiko
19 Mar 2026Apex Group, for Coinbase Asset ManagementFor asset managers & corporatesFund Tokenization as an Admin ServiceThe same Apex set-up for a second manager, Coinbase Asset Management, on a second chain
8 Apr 2026WorldlineFor EMIs & PSPsStablecoin Payout CorridorsLaunch collaborator on Circle's stablecoin settlement service for PSPs and financial institutions across Europe
14 Apr 2026SS&C Calastone, for Legal & GeneralFor asset managers & corporatesFund Tokenization as an Admin ServiceSterling, euro and dollar liquidity funds on Calastone's tokenized distribution network
11 May 2026CorpayFor EMIs & PSPsStablecoin Payout CorridorsStablecoin wallets and settlement for cross-border payments and treasury, on BVNK
2 Jun 2026Checkout.com x Coinbase PaymentsFor EMIs & PSPsCrypto Acceptance, Euro Settlement1,000+ enterprise merchants accepting USDC and USDT, settled to them in USD
8 Jun 2026LedgerFor asset managers & corporatesStablecoin Payments in Your TMSStablecoin payments run inside its Kyriba treasury system, with no separate workflow
8 Jun 2026MantuFor asset managers & corporatesStablecoin Payments in Your TMSThe same Kyriba set-up as Ledger, used for cross-border intercompany settlement
23 Jul 2026BancaStatoFor banksIn-App Crypto BrokerageCrypto shown like any other security in e-banking, statements and tax certificates
4 Aug 2026BlackRockFor asset managers & corporatesDigital Share Class on an Existing Fund12 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.

Hi, my name's

Luis Medeiros

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