Streamlined DeFi access and secure, flexible crypto operations with Utila

About Psalion

Simplifying participation in P2P economies with best-in-class self-hosted nodes

Psalion offers a range of Web3 venture capital and managed investment services, with specialization in DeFi based strategies for their HNW, family office and institutional clients.

Psalion’s asset management services include investment strategies across the DeFi ecosystem to maximize alpha for their clients – capitalizing on their deep understanding of emerging trends and experience with market making, network participation and governance.

The Challenge

Existing custody and DeFi solutions had sub-par service and roadmap

Psalion launched their DeFi asset management service at the start of the 2021 crypto bear market, and quickly began to onboard clients. Psalion was eager to continue to expand the market and capitalize on crypto’s tremendous growth during this period. As a regulated asset manager, the right custody and DeFi access tech was critical to ensure both high returns and trust when managing client funds.

Loan Venkatapen, Co-Founder & Chief Investment Officer, researched and tested a variety of leading solutions at the time. Initially, they were able to meet his needs, but this began to diminish. Early on, they tested several other MPC custody and DeFi access solutions, but saw increasingly less service and DeFi roadmap reliability over time. Psalion began to look for nimbler, more reliable solutions.

As a fast growing manager, it’s essential that we can assure we can access nascent, emerging DeFi chains quickly and enable easy liquidity withdrawals at all times, Utila offered simple DeFi access and blew us out of the water with their speed and responsiveness for new DeFi chain support requests.

Loan was introduced to Utila and was very impressed with their pitch for their simpler, self-serve and flexible offering. The Utila team’s energy, persistence and responsiveness gave Psalion little doubt that they finally found the ideal complete, but nimble, DeFi infrastructure solution.