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Velvet Capital

Founded 2022 · 12 employees on LinkedIn · 10 known investors

Find your way into Velvet Capital

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

Lauren Arribasunlockedknows Vasily Nikonov · together at The Wharton School (overlapped)
×8knows the team · via The Wharton School
×3knows the team · via INSEAD

Velvet is an all-in-one non-custodial trading terminal for executing spot, perpetual, and yield trades across seven blockchains with integrated DeFi protocol access, real-time onchain analytics, and an AI copilot. The platform targets crypto traders and serves the decentralized finance market.

Also known as Velvet · Velvet Unicorn

Founders & leadership

Velvet Capital was founded in 2022 by Vasily Nikonov.

VNVasily Nikonov
Vasily NikonovinFounder & CEOHe previously worked as a venture builder at Longhash Ventures, a Web3-focused investment firm, and as a project leader at Boston Consulting Group, where he led fintech and digital product initiatives for clients in banking, wealth management, and payments.

Investors · 10

Also in the syndicate · 1

YZi Labslead

Funding

SEC filings, press & company announcements

$3.7M disclosed across 1 round · 2025

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Velvet Capital runs the Velvet trading terminal, a non-custodial onchain platform for executing spot trades, perpetual contracts and yield strategies from a single dashboard. Beyond a basic swap interface, the terminal provides TradingView charts, advanced order types, real-time onchain analytics, trending-token discovery and direct interaction with DeFi protocols, with unified portfolio tracking across supported networks.

The terminal connects to seven chains - Base, Ethereum, BNB Chain, Solana, Hyperliquid, Monad and Sonic - and routes orders through integrated liquidity sources and aggregators including Jupiter, 1inch, 0x, KyberSwap, Barter, Portals, OKX DEX, DFlow, Hyperliquid and Enso. Perpetual contracts on major pairs are accessed through Hyperliquid. A "Trenches" section surfaces newly launched tokens from launchpads such as Pump.fun, Clanker, Bonk, Meteora, Printr and Bankr, and Webacy Alerts are used to flag risky tokens. Tradable assets include memecoins, AI agent tokens, DeFi tokens, stablecoins and altcoins.

The platform includes an AI copilot named Velvet Unicorn, a multi-agent system that lets users research tokens, analyze onchain data, view AI-generated signals and prepare trades via natural-language prompts. Proposed transactions must be reviewed, authorized and signed from the user's own wallet; funds remain in the wallet and no exchange API keys are required.

Business model

Velvet operates a non-custodial software platform rather than holding customer assets. It does not charge subscription fees; revenue comes from trading fees on executed transactions, with up to 100% cashback available based on trading volume and staking of the $VELVET token.

Trading fees on transactions routed through the terminal, offset for some users by cashback of up to 100% tied to volume and $VELVET staking.

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

Market position

Presents itself as an all-in-one onchain trading terminal competing with basic DEX swap interfaces and centralized-exchange trading bots, and cites backing by YZi Labs (formerly Binance Labs).

Velvet positions the terminal as a combination of a full onchain trading environment and AI assistance: unlike crypto trading bots that run a single strategy on centralized exchanges through API keys and monthly subscriptions, Velvet runs non-custodially onchain with per-transaction user approval, aggregated routing across multiple chains and liquidity venues, and no subscription charge.

Technology

AI-powered trading infrastructure spanning seven blockchains, combining an AI routing engine with MEV protection, integrated DEX aggregator connections for order routing, TradingView charting, real-time onchain analytics covering volume spikes, wallet activity, liquidity changes and social signals, and a multi-agent LLM-based copilot (Velvet Unicorn) for research and trade preparation. Smart contracts are backed by seven independent security audits, with real-time security monitoring, risk-management automation, an open audit competition and a bug bounty program.

Go-to-market

Direct self-serve access through the web terminal with wallet connection; no custody or API key onboarding is required. Incentives include trading-fee cashback tied to volume and $VELVET staking, and discovery features aimed at attracting traders of newly launched tokens.

Onchain crypto traders using decentralized finance, including those trading memecoins and newly launched tokens, perpetuals traders, and yield-seeking DeFi users who want multi-chain execution from one interface.

Risks & controversies

The company notes that AI outputs on the platform are informational tools rather than financial advice.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Independent security auditsJan 20257 audits
Supported blockchainsJan 20257 chains

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

In the news

Research sources · 1

primary sources listed

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

Frequently asked questions

What does Velvet Capital do?
Velvet Capital operates a non-custodial onchain trading terminal for spot, perpetual and yield trades across seven blockchains.
Who founded Velvet Capital?
Velvet Capital was founded by Vasily Nikonov in 2022.
Who are Velvet Capital's investors?
Velvet Capital's investors include Blockchain Founders Fund, DWF Labs, FunFair Ventures, Gains Associates, LucidBlue Ventures, Mindfulness Capital, Mucker Capital, Selini Capital and 1 more.
How much funding has Velvet Capital raised?
Velvet Capital has disclosed $3.7M raised across 1 round.