Fundraising Fox

Liquality

New York, US · Founded 2021 · Delaware corporation · 1 employees on LinkedIn · 2 known investors

Find your way into Liquality

327 people in our graph share verified history with the Liquality team — schools, employers, funds. One of them is your warm intro.

Nick Zurickunlockedknows Thessy Mehrain · together at JPMorganChase (overlapped)
×6knows the team · via ConsenSys
knows the team · via Georgia Institute of Technology
×3knows the team · via JPMorganChase
knows the team · via The New School

Liquality builds decentralized tools and protocols, including a browser-extension crypto wallet that offers a multi-chain interface to Web3 with interoperability features. The project, incubated in Consensys, is transitioning toward a decentralized autonomous organization (DAO) for community governance.

Also known as Liquality Wallet

Founders & leadership

Liquality was founded in 2021 by Thessy Mehrain and Simon Lapscher.

TMThessy Mehrain
Thessy MehraininCo-Founder2018–2024She has over 15 years of experience in digital technology and blockchain, including previous roles as Vice President of Product Strategy at JPMorgan's investment bank, work on self-sovereign identity and supply chain solutions, and co-founding Women in Blockchain, a global community focused on women's participation in the blockchain space.
SLSimon Lapscher
Simon LapscherinCo-Founder2019–2024Simon Lapscher is a product leader who has worked on crypto and fintech consumer products and team development. He contributes to product development at Liquality, a decentralized wallet and Web3 protocol platform.
SC
Shawn ChengNamed on SEC filing
BK
Baek KimNamed on SEC filing

Investors · 2

Reported raises · per SEC filings

Form D private placements

$6.8M disclosed across 1 round · 2021

$6.8MraisedAug 2021 · 28 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Shawn ChengDirector
  • Baek KimDirector
  • Thessy MehrainExecutive Officer, Director
  • Simon LapscherExecutive Officer, Director
Offering amount
$7M
Amount sold
$6.8M
First sale
Jul 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Liquality develops a browser-extension cryptocurrency wallet and an associated atomic-swap protocol that let users hold assets and exchange value across multiple blockchains without a custodian or counterparty. The company's site describes the product as the first multi-chain browser extension wallet, supporting sending, receiving, atomic swapping and dapp usage across the Bitcoin, Ethereum, Rootstock, NEAR and Polygon ecosystems while users retain control of their keys. The wallet requires no registration and is described as non-custodial and secure.

Alongside the wallet, Liquality operates a swap interface (a dapp) that performs cross-chain atomic swaps directly from a Liquality, MetaMask or Ledger wallet, and a set of developer tools. The developer offering is organized around three audiences: blockchain networks, which can be added to Liquality's chain abstraction layer and gain a browser-extension wallet; dapps, which can add cross-chain functionality and prompt the Liquality wallet to automate transaction workflows; and merchants, which can add a line of code to prompt customers' wallets for an in-browser checkout experience. The site footer identifies Liquality as "a ConsenSys Formation" and links to a contract audit.

Co-founder Thessy Mehrain has described Liquality as a protocol and exchange implementation enabling trustless value exchange across blockchains through atomic swaps. Prior to founding Liquality, Mehrain was a senior product manager at JP Morgan's investment division and entered blockchain in 2015 through an interest in decentralization; she also founded Women in Blockchain, a global community for women in the industry.

Founding story

Co-founder Thessy Mehrain traces her path to Liquality to her experience as a senior product manager in JP Morgan's investment division during the 2008 financial crisis, which led her toward alternative financial solutions and, in 2015, to blockchain through an interest in decentralization and power redistribution. She had previously participated in communities experimenting with alternative governance structures, including Burning Man and the Occupy movement, and was familiar with Bitcoin. She subsequently founded Liquality, a protocol and exchange implementation for trustless cross-chain value exchange via atomic swaps, as well as the Women in Blockchain community.

Business model

Liquality distributes a free, non-custodial browser-extension wallet and a swap dapp to end users, and offers developer tools and integrations to blockchain networks, dapps and merchants that want cross-chain functionality, wallet prompting and in-browser checkout. The sources reviewed do not describe pricing or how the company monetizes these products.

Traction

The company's website states the wallet is trusted by more than 11,000 users and that over $35 million in cross-chain atomic swaps have been executed.

Latest developments

The company website, whose footer carries a 2021 copyright and the designation "a ConsenSys Formation," presents the wallet, swap interface and developer tools as live products. No more recent verified developments appear in the sources reviewed.

Full profile — market position, technology, go-to-market, geography, risks & controversies

Market position

Liquality positions itself as a decentralized, non-custodial alternative to centralized web3 exchanges and to non-custodial protocols that still intermediate trades. Commentators cited on the company site include The Block's Matteo Leibowitz, who described the team's emphasis on disintermediation as going beyond protocols such as 0x, and Infura's Daniela Osorio, who contrasted Liquality with centralized web3 exchanges. ConsenSys and Ethereum co-founder Joe Lubin referenced Liquality technology as a means of linking networks laterally for trustless atomic swaps or cross-network message passing.

Liquality emphasizes trustless, non-custodial cross-chain exchange executed via atomic swaps rather than through a custodian or intermediating counterparty, combined with a multi-chain browser extension that requires no registration and interoperates with MetaMask and Ledger.

Technology

The core technology is an atomic-swap mechanism that allows cryptocurrency to be exchanged across blockchains without trusting a custodian or counterparty, exposed through a browser-extension wallet and a swap dapp. A "chain abstraction layer" allows additional blockchain networks to be integrated. The wallet supports the Bitcoin, Ethereum, Rootstock, NEAR and Polygon ecosystems and can be used together with MetaMask or Ledger wallets for swaps. The company publishes a contract audit and, per a third-party quote, its code has been characterized as fully open source.

Go-to-market

Direct download of the browser extension from the company website, supported by tutorials, a blog, a newsletter and integration requests from blockchain, dapp and merchant partners; ecosystem endorsements from figures at ConsenSys, Infura and NEAR Protocol appear on the site. The company has been publicly noted for not having raised funds through an ICO.

Retail crypto users seeking self-custody and cross-chain swaps across Bitcoin, Ethereum, Rootstock, NEAR and Polygon; and, on the developer side, blockchain networks, dapp teams and online merchants seeking cross-chain reach and wallet-based checkout flows.

Geography

The sources reviewed do not specify Liquality's operating locations; the company website presents a globally available browser extension without regional restrictions.

Risks & controversies

No risks or controversies concerning Liquality are documented in the sources reviewed. Note that several retrieved documents refer to unrelated entities with similar names (Linqto, a private-markets platform in chapter 11, and Liquis, a facility decommissioning firm) and are not evidence about Liquality.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cumulative cross-chain atomic swap volumeJan 2021$35M
Wallet usersJan 202111,000 users

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 1

by search overlap

Companies competing with Liquality for the same Google search keywords, organic and paid, via search-intersection analysis.

Legal entities · 1

corporate structure
LiqualityDelaware

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Liquality do?
Liquality builds a non-custodial multi-chain browser-extension wallet with built-in cross-chain atomic swaps.
Who founded Liquality?
Liquality was founded by Thessy Mehrain, Simon Lapscher in 2021.
Who are Liquality's investors?
Liquality's investors include Coinbase Ventures, White Star Capital.
How much funding has Liquality raised?
Liquality has disclosed $6.8M raised across 1 round.
Where is Liquality headquartered?
Liquality is headquartered in New York, US.