Dedicated Client Vaults

On-chain yield, in a vault that is entirely yours, managed by Tesseract Investment Oy under a MiCA-authorized discretionary portfolio management mandate. Allocate your own capital, or offer the same structure to your clients.

Regulatory status MiCA-Authorized CASP · Tesseract Investment Oy

Architecture Per-client segregation One client, one vault

Security certifications ISO 27001 · SOC 2 Type II Technology platform · Tesseract Earn Oy

What the yield looks like.

The yield you earn, or the yield you pass to your customers. Indicative target rates across major assets, each actively managed under a discretionary mandate.

USDC

• Conservative
  5–6%* Target Gross APY
  USDC is deployed across established on-chain lending markets and optimized for the best available rate, with no leverage.

• Advanced
  7–10%* Target Gross APY
  USDC is deployed in a leveraged carry strategy, borrowing stablecoins against collateral to reach higher-yielding positions.

wETH

• Advanced
  3–5%* Target Gross APY
  wETH is deployed across on-chain lending, liquid staking, and leveraged carry.

wBTC

• Advanced
  1–3%* Target Gross APY
  wBTC is deployed across on-chain lending, staking, and leveraged carry, and used as collateral to borrow and deploy stablecoins.

*Target rates are not guaranteed and may not be achieved. Capital at risk. * Indicative gross target APY based on the historical performance of comparable strategies previously managed by Tesseract Investment Oy and current market conditions, before any partner margin or fees. Rates are not guaranteed and will vary.

The reality of vaults today.

Institutional capital wants DeFi yield. The problem was never the returns. It’s the structure: deposits with no KYC or suitability checks, capital pooled with shared exposure, management without authorization, and securities-like tokens.

Our Dedicated Client Vaults were designed to address each one.

Inadequate KYC/AML

Anyone can deposit: no identity verification, sanctions screening, or suitability assessment.
Dedicated Client Vaults:
Gated Onboarding: Every client clears KYC, AML, and suitability (verified through Sumsub) before a vault is funded.

Pooling

Your capital is commingled with every other depositor’s, and the structure can read as a collective investment scheme under AIFMD.
Dedicated Client Vaults:
One Client, One Vault: Your own contract, address, positions, and exposure. Segregation is enforced at the smart-contract level.

Unlicensed Management

Strategy selection and rebalancing is portfolio management: a licensed activity most on-chain vault managers aren’t authorized to provide.
Dedicated Client Vaults:
MiCA-Authorized Portfolio Management: Each vault is run as a discretionary portfolio management service by Tesseract Investment Oy.

Transferable Shares

Fungible vault tokens can resemble fund units or securities under AIFMD and MiFID II.
Dedicated Client Vaults:
Non-Transferable Tokens: A balance, not a security: no secondary market, no fungible shares.

Now choose how you put a vault to work.

One vault for your own capital, the same structure for your clients. The same segregated, MiCA-authorized discretionary portfolio management mandate underneath both.

Direct

On-chain yield your investment committee can sign off.
For treasuries, funds, family offices, and ETP issuers allocating their own capital. Your assets sit in your own segregated vault, managed under a MiCA-authorized discretionary portfolio management mandate.

• A segregated on-chain vault, deployed and owned by you
• Discretionary management, risk governance, and monthly reporting run by us
• Works with your existing custody, no migration

Distribution

Offer your clients on-chain yield you can stand behind.
For asset managers, exchanges, wallets, and platforms. Put your clients into the same segregated, MiCA-authorized vault structure, with the look-through and reporting you need to carry it inside your own product. You own the client relationship; we run the mandate behind it.

• Per-client segregated vaults under one program
• Look-through reporting you can pass to clients and regulators
• Built on a MiCA-authorized discretionary portfolio management mandate

Fast to start.

Direct clients go live in days, distribution partners in weeks. Both follow the same four steps.

1. Onboard

   • Clear KYC and a suitability check, sign your agreement, and your wallet is whitelisted to deploy. Onboard in the app, or with our vaults team.

2. Deploy

   • Choose your asset and deploy your vault in one transaction. Funded at creation, owned by you outright.

3. Select strategy

   • Pick the strategy that fits your risk profile and sign to assign it. No transaction, no gas.

4. Live

   • Tesseract manages your vault under the mandate: allocation, rebalancing, and risk. Monthly reporting, with everything also visible on-chain in real time.

DeFi Vault FAQs

• What is a Dedicated Client Vault?
  A Dedicated Client Vault is functionally equivalent to a Separately Managed Account (SMA) in traditional asset management. Each client has a single dedicated on-chain structure run under their own mandate. Your assets sit in your own vault and are never commingled with those of other clients.

• How do I get started?
  Book a call with our team to discuss your requirements, risk profile, and timeline. We'll guide you through KYC/KYB onboarding, vault configuration, and asset transfer.

• How is asset segregation enforced?
  Each vault is a dedicated smart contract instance assigned to one client. There is no shared pool. Your assets, your returns, and your risk exposure are attributable solely to your vault.

• What DeFi venues are used?
  Vaults are deployed across a curated set of audited lending and yield protocols. Tesseract's risk team selects and monitors all venues for security, liquidity, and concentration risk.

• What reporting and transparency do I receive?
  You receive monthly reports covering yield, deployment allocation, fees, and any vault actions taken during the period. Dashboard access provides real-time visibility into your vault balance and performance.

• What happens if a DeFi protocol is exploited?
  Tesseract's risk team monitors all deployed venues 24/7. Position health is checked automatically every 60 seconds; positions auto-deleverage when key risk thresholds are breached.

• What custodians are supported?
  Dedicated Client Vaults work with your existing custody setup. No migration required. You connect via your custodian’s wallet (WalletConnect or similar).

• How is yield generated on stablecoin vaults?
  Returns are generated through active portfolio management. Tesseract deploys stablecoins into DeFi lending protocols and liquidity venues.

Regulatory clarity

This page is a marketing communication. It is not investment advice, and not an offer, solicitation, or recommendation to use any product.

The Dedicated Client Vault is a discretionary portfolio management service provided by Tesseract Investment Oy, authorized as a CASP under MiCA by Finland’s Financial Supervisory Authority (FIN-FSA). On-chain yield vaults involve significant risks, including smart contract vulnerabilities and liquidity risk.