Introduction

Not for UK persons. This website and its contents are not directed at persons located in, or resident in, the United Kingdom. They do not constitute a financial promotion within the meaning of section 21 of the Financial Services and Markets Act 2000, and are not approved by an authorised person.

What are Dedicated Client Vaults?

Tesseract's Dedicated Client Vaults (DCVs) are on-chain yield vaults where each client gets their own isolated vault on Ethereum mainnet. The structural innovation is simple: one vault per client, no pooling, no commingling. This is what enables the DCV to sit cleanly within the MiCA framework when most yield products in the market cannot.

Product classification: A MiCA-authorised discretionary portfolio management mandate operated by Tesseract Investment Oy, executed through per-client on-chain vaults. It is not software, not a fund, not a wrapper — it is regulated asset management.

Why the design matters

The DCV architecture is designed around the principle that each client's assets should be held in a dedicated, on-chain vault they control for the lifetime of the mandate. That design choice sits at the heart of the compliance, tax and operational profile of the service. Clients are encouraged to obtain their own legal and tax advice.

How it works

1. One vault per client — each client's vault is a standalone smart contract on Ethereum mainnet.

2. Non-transferable share token representing 100% ownership (ERC‑4626 compliant). Shares are non-transferable by design, which is intended to keep the DCV outside securities and collective-investment-scheme characterisation. Tesseract's legal analysis supporting this design is available to institutional counterparties under NDA.

3. Tesseract Investment Oy manages each vault individually under a MiCA-authorised discretionary mandate.

4. Each vault holds its own positions directly — the client remains the on-chain owner at all times.

5. Yield is tracked through share price appreciation — auto-compounding, no manual claim required.

6. Strategy selection — the client chooses a strategy at vault creation based on their risk profile, and can switch strategies on the fly as their preferences change. Current options are visible in the Tesseract app.

Key parameters

Parameter	Detail
Blockchain	Ethereum mainnet
Supported assets	USDC, WETH, WBTC
Minimum deposit	$50,000 USDC (or equivalent in WETH/WBTC)
Withdrawals	Instant for amounts covered by liquid balance; scheduled flow for larger amounts (up to ~24h)
Wallet support	WalletConnect, Narval, Ledger, Coinbase Wallet, Safe and others
Reporting	On-chain state plus the Public API

Current per-asset minimums and fee configuration are always readable on-chain — see Contract Methods.

Who it's for

• Custodians seeking to offer compliant yield to their clients

• Institutional investors requiring per-client asset segregation

• Exchanges and neobanks adding regulated yield products

• Wallet providers offering on-chain yield with full transparency

• Crypto foundations and DAOs managing treasury assets

Tesseract Investment Oy is authorised as a Crypto Asset Service Provider (CASP) under Regulation (EU) 2023/1114 (MiCA). On-chain yield vaults involve significant risks, including smart contract vulnerabilities, liquidity risk, and the risk of total loss of capital. Past performance is not indicative of future results.

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This website is a marketing communication of Tesseract Investment Oy, a crypto-asset service provider authorised under Regulation (EU) 2023/1114 (MiCA) by the Finnish Financial Supervisory Authority (FIN-FSA). It is directed at institutional counterparties under a non-disclosure agreement with Tesseract. It is not an offer or solicitation.