Crypto funds have outgrown the infrastructure underneath them.
A few years ago, a fund running on-chain might have one strategy, two or three chains, and a small team handling everything.
Today that same fund is allocating across a dozen chains, holding positions in lending markets, curated vaults, perps, and structured products, and rebalancing on a daily cycle.
The operational surface has grown by an order of magnitude, but the wallet under it usually hasn't.
I've spent a lot of time over the past year talking to portfolio managers at crypto-native funds, and the same frictions keep coming up in almost every conversation…
1)
A yield opportunity opens on a supported chain, but the custody provider only supports it for storage. The team can't connect to the protocol from their custody environment, so they either leave their governed setup to access it or skip it entirely.
2)
Routine flows that run on a daily cycle still require manual approval every time because there's no API layer that maintains governance.
3)
Every transaction goes through the same approval path regardless of size or risk. A routine rebalance waits behind the same queue as a large transfer.
4)
Every new strategy adds operational overhead. New vaults, new policies, new approval setup, all configured manually and none of it inherited from what's already in place.
Portfolio managers are hired to allocate capital and manage risk. But most of their day gets spent routing around infrastructure that wasn't built for how funds actually operate.
Wallets were designed to keep assets safe and stored. Funds need to move between protocols, chains, and strategies with controls intact at every step.
—
That's the gap we’re closing here at FORDEFI - now part of Paxos.
MPC Self-custody, where active on-chain operating is the primary use case. Here’s what Fordefi provides asset managers:
✓ One workspace across 90+ integrated chains, with every dApp on a supported chain accessible from the same environment
✓ Policy by role, asset, amount, destination, and contract method
✓ Simulation that decodes what a transaction will do before anyone signs
✓ In-app swaps so traders execute through verified liquidity sources instead of protocol frontends
✓ Allowance Manager and AutoRevoke for the cleanup and risk control most teams never get to
✓ APIs so automated workflows run without giving up approval controls
—
p.s. if you're building out the operational layer of your fund and any of this sounds familiar, our team would love the chance to speak to you. Book a demo with us here:
https://lnkd.in/eE82MRkG