Photo - Elysium Lab
62010

Elysium Lab

Switzerland
Market: Financial services, Blockchain, Crypto currency
Stage of the project: Operating business

Date of last change: 12.05.2024
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Idea

Elysium is the first truly Keyless Wallet and"Cold-Software” for daily activities, like payments, in Digital assets and Bitcoin space. Our multi-factor key algorithm has redefined self custody.

Current Status

- Raised +150k CHF with Fulgur Ventures and Batch 11
- Closing PreSeed with Lugano Plan B fund by Tether - 800K CHF
- LOI from SDX and PKB private bank.
- Advisors from Innosuisse, Google, Kraken, Tether & Bitfinex

Problem or Opportunity

Elysium addresses critical challenges in the digital assets ecosystem, such as the complexity and risks of cryptocurrency ownership and trade, vulnerabilities from centralized exchanges and third parties, and onboarding and technical barriers in autonomous wallets. The platform also confronts issues with true asset ownership and interoperability, inadequate user protection, and compliance hurdles for financial institutions, which risk obsolescence without blockchain integration.

Solution (product or service)

Elysium Self-Custody Wallet revolutionizes digital asset management with secure and user-friendly onboarding. Through a multi-factor algorithm, it eliminates traditional seed phrases. It simplifies asset management and transaction executions with autonomous operations and ensures compliance with KYC and AML by merging digital and physical identities.

Business model

Our revenue is derived from tiered transaction fees, pay-to-use features, premium subscriptions, and collaborations with financial institutions. In short, we combine transactional fees, pay-as-you-earn, freemium features, and strategic partnerships for income.

Incubation/Acceleration programs accomplishment

Tenity Batch 11
5,00
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