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About August
August is an institutional-grade on-chain prime brokerage and execution platform. Its core business revolves around portfolio margin, allowing institutions to use correlated assets and yield-bearing positions as collateral for structured products, OTC derivatives, and credit. It supports 12+ blockchains, 250+ tokens, and 70+ protocols, facilitating lending, DeFi, OTC trading, and algorithmic swaps.
The key differentiator is on-chain verifiability. Unlike traditional CeFi where risks are opaque and counterparty risk is hard to manage, August provides real-time risk measurement, programmable collateral management, and default transparency. This directly addresses the pain points exposed by failures like FTX and 3AC, where hidden risks and unmanageable counterparty exposure led to collapse.
As of March 2025, August facilitated over $7 billion in monthly trading volume and generated more than $400 million in loans over the past year. Its first dApp, Upshift, has approximately $300 million in TVL. However, for the period from March to September 2026, no reliable public information is available regarding specific developments, new features, or major partnerships.
In 2024, August expanded Upshift vaults to ~$300M TVL, providing institutional-grade on-chain yield strategies, a key product milestone.
In March 2025, August completed a $10M Series A led by Dragonfly, disclosing $7B monthly volume and $45B cumulative volume, proving continued institutional participation. The platform has originated $400M+ in loans, serving 150+ institutional clients, and supporting 12+ blockchains, 250+ tokens, and 265+ protocols.
August, an institutional-grade on-chain prime brokerage, has made significant strides in the past six months. In March 2025, the company announced a $10 million Series A funding round led by Dragonfly Ventures, with participation from SCB Limited, 6th Man Ventures, Foresight Ventures, FinTech Collective, Robot Ventures, and Maven11. This capital injection aims to accelerate its on-chain prime brokerage capabilities, including a portfolio margin system that allows institutions to use staked assets and yield-bearing positions as collateral for structured products, OTC derivatives, and credit.
August now supports 12+ blockchains, 250+ tokens, and 70+ protocols, facilitating over $7 billion in monthly transaction volume across lending, DeFi, OTC transactions, and algorithmic swaps. The platform has originated $400M+ in loans over the past year, with clients including institutional hedge funds, principal trading firms, and protocols like Upshift, which has around $300M in TVL.
Looking ahead, August's development roadmap focuses on expanding its suite of on-chain financial tools, including smart contract multi-signature accounts, trade execution, borrowing and lending, options and structured products, tri-party collateral management, cross-margining, and cross-chain DeFi strategies. The company emphasizes real-time risk measurement and programmatic risk mitigation to address the hidden risks that plagued centralized finance, positioning itself as a trusted infrastructure layer bridging DeFi and CeFi.
August's co-founders are Aya Kantorovich and Alexandre Elkrief, both serving as Co-CEOs. Aya previously held roles at FalconX and Pantera Capital. Alexandre also serves as CEO. Julian Leitloff is a co-founder of Upshift, the first dApp built on August, and serves as its CEO.