Tesseract

Built for institutional capital. Vaults now live: MiCA-authorized discretionary portfolio management from Tesseract Investment Oy.

[Tesseract @tesseractcrypto]

The EU's MiCA transitional period closes today.

From tomorrow, 1 July 2026, firms that are not authorized under MiCA must cease providing in scope crypto asset services to EU clients, subject to limited wind down arrangements.

For much of the market, this is the deadline. Tesseract Investment Oy has been authorized as a MiCA CASP since September 2025, authorized to provide services including portfolio management, custody, and asset transfers.

For businesses reviewing their European digital asset strategy, authorization is now a baseline, not a future consideration.

Speak to our team to explore regulated access to digital asset yield.

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Capital at risk. Not investment advice.

[Tesseract @tesseractcrypto]

🔗 https://t.co/udzzgYKpRa

[Tesseract @tesseractcrypto]

Bitcoin has climbed back toward levels last seen in May, but options positioning still shows demand for protection.

~$1.4bn of September BTC puts sit between $68k and $75k, while calls are heavy between $82k and $100k.

@adamhaeems describes it as a “hedged long.”

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Marketing communication. Capital at risk. Not investment advice.

[Tesseract @tesseractcrypto]

Nothing gets deployed without clearing two layers of approval.

First, the protocol whitelist: maturity, TVL, audit profile and security history.

Only then does research assess strategies within those approved protocols, with each strategy going through a five step approval process before deployment.

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@adamhaeems, Head of Asset Management at Tesseract Investment Oy.

[Tesseract @tesseractcrypto]

Not all vaults are the same.

One word, pooled structures and single-client mandates, very different regulatory setups. @jemharris11 at @Vault__Summit NYC on labeling vaults by their regulatory appropriateness and their legal substance.

[Tesseract @tesseractcrypto]

Allocate now or speak to the team:
https://t.co/HOxZjyMPd0

[Tesseract @tesseractcrypto]

13–15% gross target APY on cbETH

Allocate your cbETH into its own dedicated vault on @base

Assets are segregated at the vault level, and the strategy is managed by Tesseract Investment Oy under our MiCA authorization.

Allocate now or speak to the team

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Marketing communication. Indicative gross target APY; not guaranteed. Capital at risk. Past performance is not indicative of future results. Not covered by investor compensation or deposit guarantee schemes.

[Fusion (by IPOR) @ipor_io]

Dedicated client vaults built on Fusion are where regulated capital is going.

Reach out to @tesseractcrypto, our MiCA-authorised CASP integrator, for details on the upcoming strategy.

[Fusion (by IPOR) @ipor_io]

Fusion has been featured in the latest @base ecosystem recap.

Our ecosystem TVL reached an all-time high in ETH terms last week, and vaults built on the Fusion infrastructure are among the larger supply drivers for cbETH on the network.

🔜 a new asset class is arriving on Base, and Fusion vaults will reach it.

[Tesseract @tesseractcrypto]

🔗 https://t.co/HtnYnzVI51

[Tesseract @tesseractcrypto]

Put idle cbETH to work, or earn higher returns on an existing allocation, with our new @base vault opening 24th August.

An optimized looping strategy targeting 13–15%, run in your own dedicated vault by a MiCA-authorized CASP.

Onboarding is open now, so you can allocate from day one.

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Indicative gross target APY, before fees. Capital at risk. Not available to residents of the US or UK.

[Tesseract @tesseractcrypto]

@jemharris11 set out Tesseract's position: Europe has already drawn the line. Under MiCA, discretionary portfolio management of crypto-assets is a regulated service.

“This is asset management, it is a regulated activity.”

Read the full feature:
https://t.co/l5DTeueBku

[Tesseract @tesseractcrypto]

Almost $9B sits in 800+ curated vaults. SEC Commissioner @HesterPeirce Peirce says some may fall under federal securities laws.

@Yogita_Khatri5 asked where the line sits. We were pleased to contribute to her @TheBlock__ feature, alongside @Morpho , @gauntlet_xyz , @Bitwise, @CIG_Crypto & @dragonflyvc .

[Tesseract @tesseractcrypto]

Putting financial activity onchain does not make the substance of it disappear.

If you are allocating to a vault, or building one: who is exercising the discretion, and are they authorized to do it?
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Crypto-asset activities involve significant risk. Capital at risk. Not investment advice.

[Tesseract @tesseractcrypto]

"𝑰𝒕'𝒔 𝒐𝒏𝒄𝒉𝒂𝒊𝒏, 𝒔𝒐 𝒕𝒉𝒆 𝒓𝒖𝒍𝒆𝒔 𝒅𝒐𝒏'𝒕 𝒂𝒑𝒑𝒍𝒚."

A convenient way to sidestep the rulebook. Last week SEC Commissioner @HesterPeirce took direct aim at it.

We agree with her.

[Tesseract @tesseractcrypto]

Peirce is one US Commissioner, speaking about a market we do not serve. US securities law is not MiCA, but we read it as validation of our thesis, not approval of our product.

[Tesseract @tesseractcrypto]

The facts and circumstances line is the practical bit. From our side of the industry, the important question is who is exercising discretion over strategy and risk. In Europe, discretionary, client by client management of crypto assets is already a regulated portfolio management service, regardless of whether the infrastructure is onchain.

[Tesseract @tesseractcrypto]

Timely. What we found interesting is that she focuses on the activity rather than the technology: who is actually making the allocation decisions and exercising discretion.

There is a parallel with Europe here. MiCA already treats discretionary, client by client management of crypto assets as a regulated portfolio management service. It does not mean every vault or DeFi protocol falls into that category, but the underlying principle feels similar: putting an activity onchain does not change what the activity is.

[Tesseract @tesseractcrypto]

@TrustlessState Putting our CEO @jemharris11 forward. He's built Tesseract's institutional vaults in Europe inside a regulated framework (MiCA) We'd love to make the bull case from the European side. 🇪🇺