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The Venture Codex

Kraken Ventures

237 Kearny St, Suite 102, San Francisco, CA, 94108, United States

Overview

Kraken Ventures invests in businesses and projects at the nexus of both the fintech and blockchain/crypto revolutions. The company provides a combination of the two by being a completely autonomous fund backed by Kraken's resources and expertise. Kraken Ventures invests in financial infrastructure, Web3, digital economies, consumer crypto protocols, and enabling technologies such as artificial intelligence and machine learning.

Total investments
39
Lead investments
1
Investments · 12mo
1
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • FinTech
  • Venture Capital
  • Web3
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Investment portfolio

  • Deblock

    Participated · Series A · Nov 2025

    Deblock merges traditional banking features with blockchain infrastructure by linking a regulated euro current account to a personal, self-owned crypto wallet, enabling users to manage fiat, investments, and DeFi access in one place. Founded by former Revolut and Ledger executives, the company launched in France in April 2024 and has already attracted more than 300,000 customers. Its regulatory posture is strong: Deblock is authorised by the Banque de France as an Electronic Money Institution and holds a MiCA licence from the AMF. Core features include everyday payments, savings via Vaults, and direct entry to decentralised finance while preserving user self-custody. The business model targets consumers seeking security and usability without relinquishing control of their assets. With fresh capital, Deblock plans to build local teams, localise its product, and add German-language support ahead of a rollout in Germany. Management sees Germany’s mature digital-finance ecosystem and clear regulations as critical to accelerating adoption of on-chain banking across Europe.

  • 1Money

    Participated · Seed · Jan 2025

    1Money is building the world’s first Layer 1 payments network exclusively for stablecoins, designed to deliver sub-second confirmations, low fixed fees, and native compliance. The protocol uses a patent-pending Byzantine Consistent Broadcast (BCB) design intended to eliminate long delays, surge-pricing fees, security vulnerabilities, and compliance gaps on existing blockchains. Key features include instant transaction confirmation (under one second), fixed low-cost fees with plans for gasless transactions through partners, native multicurrency stablecoin support, and network fees charged in the transacted stablecoin. The network claims scalability above 250,000 transactions per second and includes embedded compliance mechanisms to automate sanctions controls. 1Money emerged from stealth with over $20 million in seed funding and plans to launch the 1Money Network in Q2, using the capital to power product development and the network rollout. The company emphasizes simplifying the Web3 experience by removing complex tokenomics, staking, and governance layers to accelerate mainstream and enterprise adoption of stablecoin payments.

  • WalletConnect

    Participated · Series B · Jan 2025

    Reown focuses on improving onchain user experience through its core products: Reown AppKit (embedded wallets, smart accounts, fee sponsorships, swaps, on-ramps) and Reown WalletKit (toolkit for wallet UX). AppKit has become multichain with recent support for Solana and Bitcoin and plans to expand to more blockchains; WalletKit is used by over 600 wallets and emphasizes chain abstraction and gas abstraction. The company has launched features such as Smart Sessions to enable subscription payments in crypto and reports integrations with partners including Stripe and Raise, plus use by apps like Jupiter, Drift, and Marinade. The WalletConnect Network, developed and launched in 2018 by Reown, has surpassed over 220 million connections and more than 35 million unique active wallets, facilitating over 20 million monthly connections for more than 5 million monthly users. Reown is also participating in decentralizing the WalletConnect Network and has introduced the WalletConnect Token (WCT) for fees, rewards, staking, and governance. The company will use new capital to further develop its onchain UX platform through its SDKs, continuing to target the overlap of traditional finance, fintech, and decentralized finance. WalletConnect is a web3 communications protocol that establishes end-to-end encrypted connections between wallets and applications, enabling transaction signing and token authentication. Its suite of multi-chain communications APIs and protocol integrations aim to enable interoperability across blockchains and simplify access to web3 from a single app. The protocol has been integrated by more than 210 consumer and institutional wallets and by over 450 apps, and is used by users in 157 countries. WalletConnect recently released an enhanced protocol with multi-chain support and is expanding its product suite with new communications APIs. The company is focused on decentralizing its infrastructure through the planned WalletConnect Network and forging strategic partnerships to support that buildout. Financially, it completed a $12.5 million ecosystem round following a Series A earlier this year co-led by Union Square Ventures and 1kx.

  • Morpho Labs

    Participated · Equity · Aug 2024

    Morpho Labs operates a decentralized lending and borrowing protocol that aggregates markets and allows users to create their own on-chain lending markets with bespoke risk parameters. The protocol had about $6.6 billion in assets locked and counts customers and integrators such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. Morpho was initially built on top of Aave before evolving into a distinct protocol that seeks to compete with incumbents by offering customizable markets and higher yields. The team includes cofounder Paul Frambot, who launched the project at age 20, alongside Merlin Egalite, Julien Thomas, and Mathis Gontier Delaunay. Morpho has experienced some security exposure tied to a broader exploit that affected Aave but has continued to grow adoption. The company has signaled plans to court traditional financial institutions as it further develops its protocol and market reach.

  • BYSTAMP

    Participated · Equity · Aug 2024

    Morpho is an editor of solutions for operators of regulated games in emerging countries. The company is listed in the Finance/Insurance category in the report. It raised €46M via a capital increase, reported in the French Tech weekly roundup. The round features a broad syndicate of crypto and venture investors including Ribbit Capital, a16z crypto, Coinbase Ventures, Variant and Pantera Capital among others. The article does not disclose operating metrics, past financing history, founding year, or location.

Team