Securitize Fund Services, a crypto-native fund administrator, is partnering with onchain vault platform Upshift to bring institutional-grade reporting, auditing, allocation tracking, and performance transparency to onchain vaults.
In particular, Securitize’s fund admin unit “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, delivering audit- and tax-ready data,” according to an announcement on Wednesday.
Per the announcement, this represents the first time native onchain vaults are directly tapping third-party institutional-grade fund administrator services. The move comes amid a significant period of experimentation in vaults, with firms like Paxos Labs and Tesseract launching new compliance-geared products. Bitwise and Coinbase have also launched onchain vault strategies through the DeFi lending platform Morpho.
Upshift itself is a core vault provider on Solana and Stellar, with plans to expand services using XRP, which hit a peak of $550 million TVL last year.
“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,” Upshift co-founder Aya Kantarovich said. “By working with Securitize Fund Services, we’re giving allocators the independent reporting, visibility, and operational confidence they need to comply with reporting requirements, without compromising the efficiency and composability that make vaults powerful.”
Onchain vaults, essentially a catchall term for curated yield strategies on DeFi protocols, have grown substantially and are beginning to be used as professional investment vehicles. According to the announcement, until now, they’ve largely lacked independent third-party validation and standardized reporting, which has blocked serious institutional and regulated capital.
In other words, this is one of the first concrete moves to bring TradFi-grade operational infrastructure natively to a pure onchain yield product.
Fund administration is the back-office service that independently handles a fund’s accounting, investor records, performance calculations, allocations, reconciliations, and reporting, providing investors and regulators with audited and tax-ready data from a trusted third party rather than the fund manager itself.
Securitize Fund Services reportedly provides services for over 700 funds.
This weekend, the onchain vault economy was rocked following a $292 million exploit of a LayerZero-powered Kelp DAO bridge that enabled an attacker to use stolen rsETH liquidity to drain vaults on lending protocols, including Aave, SparkLend, Fluid, and Upshift. The incident triggered emergency freezes across affected markets, including Upshift.
Upshift raised a $10 million Series A led by Dragonfly in March 2025 and emerged from stealth in April 2025. It provides both DeFi and CeFi yield-generation services on over 30 chains, according to the announcement.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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