KYRD International Ltd.

KYRD International Ltd. is a liquidity management company that enhances liquidity farming experiences across decentralized exchanges, offering user-friendly tools for asset management, cross-chain swaps, and yield optimization. KYRD International Ltd. specializes in liquidity management solutions for decentralized finance (DeFi).

Founded by Jarvis Nguyen in Singapore, the company has not undergone any significant pivots or ownership changes. The company's headquarters is located in Singapore. In July 2021, KYRD raised USD 6. 6 mn in Seed funding, led by Hashed Ventures, with participation from ArkStream Capital, Arrington Capital, BlockTower, Coin98 Ventures, Crypto.

com Capital, DeFi Alliance, Foris Limited, Hyperchain Capital, LD Capital, and Signum Capital. The total amount raised by the company stands at USD 6. 6 mn, with a current valuation of USD 21. 45 mn.

Krystal provides a comprehensive suite of liquidity management solutions to enhance liquidity farming experiences for users across decentralized exchanges (DEXs). Their primary offerings include a user-friendly web interface and a mobile wallet application for managing positions and performing cross-chain swaps. By utilizing an innovative liquidity farming agent, Krystal helps investors earn optimal yields across supported DEXs on Solana and EVM-compatible chains, catering to retail investors, institutional players, and DeFi enthusiasts with tailored insights and automated actions. Their services are accessible globally, including North America, Europe, and Asia, fostering a diverse community of liquidity providers.

In the most recent fiscal year of 2023, KYRD International Ltd. reported revenue of USD 54,439. 6 and an EBITDA of USD -2,857,641. 7.

The company generates revenue through transaction-based mechanisms within its liquidity management ecosystem, primarily from fees incurred during on-chain transactions, swaps, and liquidity pool entries. Additional revenue may arise from partnerships with integrated platforms and premium features offered on their platform, emphasizing a fee-for-service engagement with clients. Following the Seed funding round on July 23, 2021, which raised USD 6. 6 mn, KYRD International Ltd.

plans to utilize this investment to extend and develop its product portfolio and expand its team. The company aims to introduce new products and enhance existing offerings to meet growing market demands. Expansion into new geographic markets is a key focus, with specific plans to target additional regions in North America and Asia by 2024.