The Vault
Deposit fiat or crypto into your Meridian Vault. Earn 4-11% insured yield, auditable on-chain in real time. Borrow against your holdings at 4% APR. Spend via your Visa card without selling. FINMA-regulated with EEA and UK coverage. Reinsured by Lloyd's.
Vault architecture
Deposit, earn, borrow, and spend, all from a single vault. Choose how your capital works for you.
Yield Layer
Institutional-grade funds across 6 asset classes. Stablecoins (9-11%), BTC (4-6%), ETH (6-9%), SOL (8-10%), EURC (6-8%), XRP (7-9%). Insured, on-chain auditable, zero management fees.
Borrow Layer
Borrow at 4% APR against vault holdings. LTV: 85% stablecoins, 65% BTC, 60% ETH, 50% SOL. Invested fund positions at lower LTV (smart contract risk premium). Dynamic LTV tightens during high volatility.
Insurance Layer
Captive insurance via our dedicated structure. Crypto vault coverage up to £1M (Apex), travel, health, home, device, life. Underwritten in-house, not outsourced. Reinsured via Munich Re.
How it works
Deposit
Fiat via bank transfer to your dedicated IBAN in EUR, GBP, USD, or CHF. SEPA instant and SWIFT supported. Or deposit crypto direct to your vault. BTC, ETH, SOL, USDC, USDT, EURC all accepted.
Earn
Allocate to insured yield funds. Stablecoins earn 9-11%, BTC 4-6%, ETH 6-9%. Every position auditable on-chain. Your holdings keep compounding even while used as collateral.
Borrow & Spend
Borrow against holdings at 4% APR. Spend via your Meridian Visa card in Borrow Mode or Direct Pay Mode. Stablecoin-to-fiat conversion invisible at point of sale.
Vault infrastructure
Insured yield
Six institutional-grade yield funds, insured via our captive insurance structure with Lloyd's reinsurance. On-chain NAV oracle verifiable every block. T+1 liquidity, 24-hour redemption notice.
Tiered LTV borrowing
Borrow against raw holdings (85% stablecoins, 65% BTC, 60% ETH) or invested fund positions (lower LTV due to smart contract risk). Borrow against VC investments at 25% LTV.
Dynamic risk management
Phase 2 introduces volatility-adjusted LTV that auto-tightens when 30-day realised vol exceeds thresholds. Margin warnings at 5pts below liquidation. Partial liquidation protocol.
Stablecoin-to-fiat POS
Spend stablecoins at any Visa terminal worldwide. Circle conversion API handles real-time USDC/EURC to local fiat. Sub-second authorisation via pre-approved spending limits.
Captive vault insurance
Crypto holdings insured via our captive insurance structure. Up to £1M coverage for Apex members. Institutional-grade cold custody means favourable loss ratios. A global first for neobank members.
Full transparency
Every fund allocation auditable on-chain via NAV oracle. Net performance published monthly. Quarterly risk reports for Sovereign+. 1:1 briefings for Apex and Founder members.