Sixpence
4 known investors
Sixpence is an on-chain money market for tokenized equities, letting users supply tokenized stocks and ETFs as collateral, borrow USDC against them, or deposit stablecoins into curated vaults to earn yield. It supports tokenized equities such as AAPL, TSLA, and ETFs issued by regulated providers, offering on-chain lending, borrowing, and trading in DeFi.
Also known as sixpence.ai Β· sixpence.xyz
Founders & leadership
Investors Β· 4
Also in the syndicate Β· 2
Funding
SEC filings, press & company announcements- Undisclosed amountseed fundingAug 2026
Kakao Ventures (lead), Amorepacific, K2 Investment Partners
Source β
Source: company announcements and press reports β follow each round's link for the claim.
Company profile
researched Aug 2026Sixpence is an on-chain money market built around tokenized equities. Users can supply tokenized stocks and ETFs β such as AAPL, TSLA, MSFT, NVDA, CRCL, COIN, HOOD and MSTR β as collateral and borrow USDC against them at on-chain rates, with a stated borrow limit of up to 80% loan-to-value. Additional markets cover ETFs and commodity-linked tokens including IAU and SLV.
The protocol is organized around three products: Lend (supplying tokenized stocks and ETFs as collateral to borrow USDC), Vault (depositing USDC into curated strategies that earn yield sourced from borrow demand on tokenized equity markets, with a stated target APY of about 10%, variable), and Trade (swapping tokenized stocks on-chain with self-custody of the resulting tokens). The company's site describes tokenized stocks as on-chain representations of traditional equities issued by regulated providers such as Ondo, Backed and xStocks, each backed 1:1 by the underlying security held in custody and tradable 24/7.
Sixpence states that its contracts have been audited by the security firm Sherlock, with a public audit report linked from its site, and that it runs active bug bounties with plans to add continuous contest coverage. It identifies the main risk categories for users as smart contract risk, oracle risk (reliance on off-chain equity prices being fed on-chain), issuer risk tied to the solvency and compliance of tokenized-stock issuers, and liquidation risk for borrowers.
Business model
The protocol intermediates between suppliers of stablecoin liquidity and borrowers who post tokenized equities as collateral; lenders and vault depositors earn yield generated by borrow demand on tokenized equity markets, while borrowers pay on-chain interest rates.
Interest paid by borrowers on USDC loans, which funds yield distributed to suppliers and vault depositors.
Traction
As of the material reviewed, the protocol's public dashboard shows total value locked, total supplied and active market counts as pending, with the site indicating a launch in progress and protocol statistics coming online.
βΈFull profile β market position, technology, go-to-market, risks & controversies
Market position
Focus specifically on tokenized equities, ETFs and commodities as programmable collateral within a single protocol combining lending, vault strategies and on-chain swapping, together with an external security audit by Sherlock.
Technology
Smart-contract lending markets for tokenized equities, using price oracles to bring off-chain equity prices on-chain, with collateral drawn from tokenized stock issuers such as Ondo, Backed and xStocks. Contracts have been audited by Sherlock, with a bug bounty program in place.
Go-to-market
Self-serve, wallet-connected web application: users connect a wallet, deposit collateral and borrow USDC, with product documentation published alongside the app.
Holders of tokenized stocks, ETFs and commodity tokens seeking stablecoin liquidity without selling their positions, and stablecoin holders seeking on-chain yield.
Risks & controversies
The company identifies smart contract risk, oracle reliability risk for off-chain equity price feeds, and issuer risk dependent on the solvency and compliance of tokenized stock issuers; borrowers face liquidation if collateral value falls below required ratios.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 1
launches, deals, and filingsSixpence states its protocol has been audited by security firm Sherlock, with a public audit report linked from its site.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 8
primary sources listed
- Sixpencesixpence.ai Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Sixpence do?
- Sixpence is an on-chain money market that lets users borrow USDC against tokenized stocks and ETFs.
- Who founded Sixpence?
- Sixpence was founded by Chen Chen, Kevin Y, Yuchen J, Yuchen J..
- Who are Sixpence's investors?
- Sixpence's investors include Eterna Capital, Kakao Ventures.