Key Takeaways
- • Upshift, an institutional-grade onchain yield platform, partners with Securitize Fund Services to deliver independent reporting, auditing, and performance transparency for onchain vaults—the first such application of institutional fund administration tools to vault infrastructure.
- • Securitize Fund Services will provide curators and depositors with independent NAV reporting, investor-level allocation transparency, full reconciliation of complex onchain activity, and audit- and tax-ready data, addressing a critical gap that has historically blocked institutional capital deployment.
- • The partnership applies Securitize's existing Vault Registrar architecture by adding a fund administration layer that independently validates performance and ownership at the investor level, aligning onchain vaults with professional investment evaluation standards.
- • Upshift operates as a core vault provider on Solana and Stellar with plans to expand to XRP, having reached $550 million in total value locked (TVL) at its peak, positioning the platform to capture institutional flows seeking DeFi yield with compliance infrastructure.
- • This partnership reflects broader convergence between decentralized finance and traditional asset management, with curated onchain vaults increasingly deployed as primary capital vehicles by regulated, publicly traded companies requiring institutional-grade operational and reporting standards.
Summary
Securitize Fund Services and Upshift announced a strategic partnership designed to bring institutional-grade reporting infrastructure to onchain vaults, addressing a structural gap that has prevented regulated financial institutions from deploying capital at scale in decentralized yield strategies. The partnership represents the first application of professional fund administration tools—independent reporting, allocation tracking, and performance transparency—directly to onchain vault infrastructure, according to announcements from both parties.
Under the arrangement, Securitize Fund Services will provide Upshift's curators and depositors with independent performance reporting, investor-level allocation transparency, and full reconciliation of complex onchain and protocol-level activity. Critically, the service delivers audit- and tax-ready data, removing administrative friction that has historically deterred compliance-sensitive institutional investors from participating in DeFi yield strategies. Mikhail Davidyan, Head of Fund Services at Securitize, framed the partnership as foundational: "Onchain vaults are increasingly being used like funds, but they've operated without independent reporting or standardized reconciliation. That's a blocker for institutional capital. This partnership introduces a trusted third-party layer that delivers transparent performance, verified allocations, and audit- and tax-ready data."
The initiative extends Securitize's existing Vault Registrar architecture by adding a fund administration layer that independently validates performance and ownership at the investor level. Upshift co-founder Aya Kantorovich emphasized the infrastructure gap the partnership addresses: "Curated vaults have become one of the primary ways capital is deployed onchain, but the transparency and reporting infrastructure hasn't fully reached institutional-grade to allow for regulated, publicly traded companies to join that shift." The partnership enables curators to retain the flexibility, efficiency, and composability inherent to vault design while providing depositors with the verification and reconciliation standards required by institutional allocators.
Upshift operates as a core vault provider on Solana and Stellar blockchains with expansion plans involving XRP, having achieved $550 million in TVL at its peak. The timing reflects accelerating institutional experimentation in onchain yield infrastructure, with competitors including Paxos Labs, Tesseract, Bitwise, and Coinbase launching compliance-oriented vault products. The partnership signals that professional asset deployment onchain increasingly requires institutional reporting standards, positioning both Upshift and Securitize to capture the next wave of regulated capital migration to decentralized finance infrastructure. Securitize itself is advancing institutional crypto infrastructure broadly, having been selected by the New York Stock Exchange as a digital transfer agent for tokenized securities trading.
Under the arrangement, Securitize Fund Services will provide Upshift's curators and depositors with independent performance reporting, investor-level allocation transparency, and full reconciliation of complex onchain and protocol-level activity. Critically, the service delivers audit- and tax-ready data, removing administrative friction that has historically deterred compliance-sensitive institutional investors from participating in DeFi yield strategies. Mikhail Davidyan, Head of Fund Services at Securitize, framed the partnership as foundational: "Onchain vaults are increasingly being used like funds, but they've operated without independent reporting or standardized reconciliation. That's a blocker for institutional capital. This partnership introduces a trusted third-party layer that delivers transparent performance, verified allocations, and audit- and tax-ready data."
The initiative extends Securitize's existing Vault Registrar architecture by adding a fund administration layer that independently validates performance and ownership at the investor level. Upshift co-founder Aya Kantorovich emphasized the infrastructure gap the partnership addresses: "Curated vaults have become one of the primary ways capital is deployed onchain, but the transparency and reporting infrastructure hasn't fully reached institutional-grade to allow for regulated, publicly traded companies to join that shift." The partnership enables curators to retain the flexibility, efficiency, and composability inherent to vault design while providing depositors with the verification and reconciliation standards required by institutional allocators.
Upshift operates as a core vault provider on Solana and Stellar blockchains with expansion plans involving XRP, having achieved $550 million in TVL at its peak. The timing reflects accelerating institutional experimentation in onchain yield infrastructure, with competitors including Paxos Labs, Tesseract, Bitwise, and Coinbase launching compliance-oriented vault products. The partnership signals that professional asset deployment onchain increasingly requires institutional reporting standards, positioning both Upshift and Securitize to capture the next wave of regulated capital migration to decentralized finance infrastructure. Securitize itself is advancing institutional crypto infrastructure broadly, having been selected by the New York Stock Exchange as a digital transfer agent for tokenized securities trading.
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