XSY.fi
XSY (‘eksy’) is building a revolutionary system designed to accelerate global economic exchange and unlock the financial potential resident in emerging blockchain ecosystems.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $5.0m | Seed | |
| Total Funding | 000k | ||
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XSY.fi operates as a decentralized finance (DeFi) strategy management platform, founded in 2024 with headquarters in Sheridan, WY. The company is positioned to enhance capital efficiency within the DeFi sector, particularly focusing on the Avalanche blockchain ecosystem. The leadership team consists of veterans from the crypto-finance and Wall Street sectors, including CEO W. Sean Ford, formerly of Algorand, and Chief Strategy Officer Austin Campbell, with experience at Paxos and JP Morgan. David Markley serves as COO, bringing early Algorand and cybersecurity expertise, while Annie Cai, with a background at Goldfinch and Meta, is the Head of Growth.
A significant milestone was achieved in May 2025, when XSY.fi secured $5 million in a Pre-Series A funding round. The round was co-led by Protagonist and Borderless Capital, with participation from notable investors such as Blizzard the Avalanche Fund, Paper Ventures, and Chainview Capital. This capital is intended to accelerate product development and scale operations. Coinciding with the funding, the company launched the beta version of its synthetic digital dollar, Unity (UTY), on the Avalanche chain.
The core of XSY.fi's business is to make sophisticated yield strategies more accessible to a broader range of users. Its primary product, the Unity (UTY) stablecoin, allows users to mint the token by staking assets like AVAX. This mechanism enables users to maintain their exposure to the original asset while generating passive income. The platform's revenue model is based on earning from funding perpetual contracts while hedging with the underlying tokens to mitigate price risk. The platform offers users two main paths: depositing UTY into a yUTY vault for auto-compounding yield or into an xUTY vault to accumulate points that can be exchanged for future governance rights via the $XSY token. To ensure security, the platform has undergone audits by Quantstamp and utilizes custody partners like Ceffu and Copper Clearloop.
Keywords: Decentralized Finance, DeFi, Avalanche blockchain, synthetic dollar, Unity (UTY), stablecoin, yield strategies, capital efficiency, crypto-finance, blockchain investment, passive income, staking, AVAX, W. Sean Ford, Borderless Capital, Protagonist Ventures, DeFi platform, digital asset, perpetual contracts, governance token, yUTY, xUTY