tesseract

According to The Block, Finnish EU-regulated cryptocurrency asset service provider Tesseract Investment Oy has officially launched the Tesseract Dedicated Client Vaults platform, designed specifically for institutional and professional investors.Each vault is an independent smart contract, exclusively allocated to a single client, managed by Tesseract, and can be customized according to the client's investment and compliance needs. Clients can deploy the vault through their own wallets, maintain 100% ownership of the vault tokens, and operate segregated custody accounts in accordance with MiCA requirements.Tesseract CEO James Harris stated that existing pooled vault solutions (such as the Morpho vault) may be classified as collective investment schemes under the MiCA framework, exposing yield tokens to unlicensed securities risks, and this platform aims to provide a compliant alternative.

ChainCatcher news, according to The Defiant, Finnish crypto asset management company Tesseract has been granted a MiCA license by the Finnish Financial Supervisory Authority (FIN-FSA), allowing it to provide portfolio management, custody, and asset transfer services to both retail and institutional clients; the company claims to be the first European entity to offer DeFi-generated returns to investors through active portfolio management under the MiCA framework.Tesseract Group CEO James Harris stated that there is no minimum investment threshold for retail users. For corporate fund management, the initial deposit is typically around $1 million.

Chain Catcher news, the Web3 energy startup Tesseract, founded by former Revolut Chief Revenue Officer Alan Chang, has completed a $78 million financing round, with $30 million in equity financing and the remaining funding raised through a token sale. The round was backed by investors including Balderton, Lakestar, Accel, Low Carbon, Ribit Capital, Box Group, and former Formula One driver Nico Rosberg.Tesseract is a vertically integrated renewable energy company that purchases energy from power plants at a fixed price and then provides it to consumers. Tesseract plans to tokenize power purchase agreements (PPAs), with one token corresponding to one watt of electricity in the network. (The Block)