Investor Brief · Farnsworth Labs

One wallet.
Every chain.

WRAITH is a self-custodial wallet spanning 46 networks and roughly 14 distinct signature families — EVM, Solana, UTXO, Cosmos, Sui, Aptos, TON, Tron, XRP, Stellar — plus shielded Zcash, Monero and Midnight. Live on mainnet, every rail validated with real funds, and it earns 40 bps on every swap that passes through it.

Fig 1 — One seed phrase, every ecosystem
MONAD · home SOLANA EVM ×24 ZCASH shielded MONERO MIDNIGHT SUI · APTOS TON · TRON COSMOS XRP · STELLAR WRAITH
46Networks
~14Signature families
40 bpsFee per swap
0Keys we hold
0Trackers shipped
The problem

Every wallet solves one shape of the world

A user holding assets on Monad, Solana, an L2 and a privacy chain runs three or four wallets and a bridge tab. Each extra wallet is another seed phrase, another approval surface, another chance to sign the wrong thing. The category consolidated interfaces but never coverage.

Fig 2 — Why coverage is rare: what each ecosystem actually costs to add
ANOTHER EVM CHAIN config entry — an RPC URL and a chain ID SOLANA / SUI / APTOS new curve, new address + tx format TON / TRON / COSMOS bespoke serialization, cells, BOC, protobuf MONERO ring signatures, view-key scanning ZCASH SHIELDED ZK proving in-browser ENGINEERING COST → WRAITH SHIPS ALL FIVE TIERS

Fragmented custody

Separate wallets per ecosystem means separate backups and separate risk.

Bridging is the tax

Moving value between ecosystems is slow, costly, and the most common place users lose funds.

Privacy is bolted on

Shielded assets get treated as niche, handled by dedicated apps rather than the wallet people already use.

What is built

Products, not prototypes

Everything below is deployed and working on mainnet today. Nothing here is a mock.

Live

Universal coverage

46 networks across ~14 signature families under one seed phrase — including chains most wallets never add, because each needs its own cryptography rather than another RPC URL.

Live

Shielded Zcash

Native shielded send and receive on the current Ironwood (NU6.3) rules, not the legacy pool. Proving runs in the browser; keys never leave the device.

Live

Monero & Midnight

Native Monero light-wallet scanning and spends, plus Midnight — which almost nothing else supports — with fee sponsorship so users never need its gas token first.

Live

On-device AI agent

A local model performing on-chain actions through grammar-constrained tool calls. It runs on the phone; prompts never reach a server, and web research is strictly opt-in.

Live

Trading terminal

Cross-chain discovery with live charts, trade tape, buy/sell pressure, bonding-curve tracking and per-market risk flags — one tap from spotting a market to trading it.

Live

Perps & fiat on-ramp

Permissionless perpetuals on Monad via Perpl, and card-to-crypto through Stripe delivered straight to the user's verified address.

MonadSolanaRobinhood Chain EthereumBaseArbitrumOptimism BNBPolygonAvalancheStable BerachainSonicHyperEVMUnichain LineaScrollBlastMantle SuiAptosCosmosTON TronXRPStellar Zcash · shieldedMoneroMidnight + any EVM chain, added by name
Why this is hard to copy

The moat is cryptographic breadth

Breadth is rare because it compounds. An EVM-only wallet implements one signature family. Adding Solana makes two. Shielded assets mean running zero-knowledge proving inside a browser — a different discipline entirely.

Fig 3 — Signature families supported in a single self-custodial app
EVM-ONLY ARCHITECTURE 1 family — secp256k1 EVM + SOLANA 2 families + NON-EVM L1s ~6 families WRAITH ~14 FAMILIES + SHIELDED
Architecture classes, not named competitors. "Family" = a distinct signing scheme requiring its own implementation.
Fig 4 — Where the keys live, and what our servers can see
USER DEVICE Seed · encrypted vault Signing worker ZK proving · local AI KEYS NEVER LEAVE THIS BOX signed tx GATEWAY Public reads · quotes Broadcast · shared cache No keys · no wallet address logs nothing 46 NETWORKS Monad · Solana · EVM ×24 Sui · Aptos · Cosmos · TON Tron · XRP · Stellar Zcash · Monero · Midnight + any EVM chain by name
Stated plainly: we do not claim to be the largest wallet or the best funded. The claim is narrower and checkable — the breadth of asset types in one self-custodial app, particularly shielded assets alongside mainstream chains, is unusual in this category.
Business model

Revenue is already wired in

WRAITH charges a flat 40 basis points on swaps, collected inside each routing rail's own fee mechanism and shown to the user as an explicit line item. This runs in production today.

Fig 5 — The fee settles with the trade, not on an invoice
User swapsany of 46 chains ROUTING RAILS 0x · Jupiter · OpenOcean LI.FI · Relay · deBridge pump.fun curve 40 bps withheld natively Operator fee wallet settles with the trade no claim step User seesexplicit feeline item
LineMechanismStatusTake
Same-chain swapsIntegrator fee via 0x, Jupiter, OpenOceanLive40 bps
Cross-chain routesIntegrator fee via LI.FI, Relay, deBridgeLive40 bps
Launchpad tradespump.fun bonding-curve buys and sellsLive40 bps
PerpetualsReferral share of Perpl trading feesAvailable, not claimed~10% of fees
Fiat on-rampCard purchases via StripeLive, no margin taken0 bps
Perps, second venueHyperliquid builder codesNot integrated≤10 bps
Two honest caveats. OpenOcean retains 20% of the referrer fee, so that rail nets about 32 bps rather than 40. And Jupiter's fee is collected only when a swap outputs a major mint we hold a fee account for; long-tail memecoin buys collect via the OpenOcean path instead. Blended realised take therefore sits slightly below the headline 40 bps.
Fig 6 — Annual fee revenue at 40 bps, by monthly swap volume
$0$800K$1.6M$2.4M $48K$240K$480K $960K$2.4M $10M/mo$50M/mo$100M/mo $200M/mo$500M/mo ILLUSTRATIVE ARITHMETIC ON A LIVE FEE RATE — NOT A FORECAST, NOT CURRENT VOLUME
Structural

Fee rides the rail

Collection happens inside each aggregator's own mechanism, settling automatically with the trade. No claim step, no invoice.

Structural

Breadth compounds take

Every added chain captures routes that would otherwise have left for another wallet — and those routes carry the same fee.

Optional

Untapped lines

Perps referral share and on-ramp margin are both available and deliberately not switched on yet.

Where it goes

Roadmap

Shipped — universal coverage

46 networks, shielded Zcash on Ironwood, Monero, Midnight, perps, fiat on-ramp, on-device agent, trading terminal.

Shipped — revenue live

40 bps collected across every major routing rail and shown transparently to users.

Next — fiat off-ramp

The clearest remaining gap in the product, and a natural second margin line.

Next — activate optional revenue

Perps referral share and on-ramp margin, once volume justifies the added user cost.

Next — distribution

Monad ecosystem placement, with an acquisition window as incumbent wallets narrow their Monad support.

Farnsworth Labs

Built by a studio that ships

WRAITH is one of several mainnet products from Farnsworth Labs — alongside MonsPad, a Uniswap v4 launchpad with no admin key; MEMELEE, an online fighting game for memecoins; and DAGENTX, an agent marketplace on Monad. Each is deployed, holds real state, and is used by people who are not us.