Fusion is onchain vault infrastructure for institutional-grade yield strategies, built by IPOR Labs AG in Zug, Switzerland, and used by Fortune 500 companies, ETP issuers and MiCA-authorised entities.
Proud sponsor of
Also on stage at
Who builds on Fusion
The industry we serve. Regulated capital first: fund managers, ETP issuers, custodians, exchanges and MiCA-authorised operators, alongside the curators and in-house teams already onchain.
Trusted by
The vision. We believe onchain finance and traditional finance will converge into one economy, and that vaults will be its building blocks: the structures that hold, move and control the flow of assets. Fusion is the vault layer for that economy, built so institutions can run a mandate onchain with the controls they already apply: set in advance, enforced by code and verifiable by anyone.
Building with industry leaders
IPOR Fusion grows through the people building onchain finance: the institutions running vaults on it and the networks those vaults operate on.
What we build
Vault Summit Singapore, October 2026
The market. Regulated capital is looking for a way into the onchain economy: fund managers, ETP issuers, custodians and exchanges that want onchain yield, transparency and composability without giving up the controls their business runs on. The opportunity is large and still thinly contested, with few regulated entities operating onchain at scale. As listed equities, funds and other real-world assets move onchain, that capital needs somewhere to be managed.
The ambition. To be the vault layer that capital runs on: every mandate in its own vault, every rule set before money moves, every position open to the people who need to see it. Fusion vaults have already processed more than $10B in volume.
How it works. A fund manager, curator or in-house team defines what a vault may do before any capital enters: who can operate it, who can deposit, which actions and markets are allowed, and how every position is valued. Those rules are enforced onchain, so depositors can check them rather than take them on trust.
The founders
IPOR Labs AG is a Swiss company registered in Zug. Its founders set out the original IPOR idea together: Darren Camas and Dimitar Dinev co-authored the IPOR conceptual whitepaper with Mau Hernandes, Ph.D.
Behind them is a team of nearly 20 people with deep software engineering backgrounds, working where banking, operational security and enterprise technology meet.
Darren Camas and Dimitar Dinev, Vault Summit Singapore, October 2026
Some of the latest events we sponsor and speak at
10–11 Nov 2026 · London
Digital Asset Summit
On the ground · upcoming
Blockworks' Digital Asset Summit London. More: IPOR on X.
Nov 2026 · London
Laser Digital Frontier Capital Summit
Panelist · upcoming
Darren on the Vault Strategies panel at Nomura's European headquarters. More: IPOR on X.
Oct 2026 · Singapore
Vault Summit Singapore
Platinum sponsor
Darren presented the Fusion Terminal on the main stage, during TOKEN2049 week. More: announcement, the talk.
Jun 2026 · Berlin
The Big Whale event
Co-sponsor
A panel and evening with the Big Whale community. More: recap.
Jun 2026 · New York
Vault Summit NYSE
Sponsor
Held at the New York Stock Exchange, where Darren spoke on institutional allocation. More: IPOR on X, Darren on X.
May 2026 · Milan
ETHMilan 2026
Sponsor
Sponsoring alongside Intesa Sanpaolo, with Darren's talk “How Institutions Can Allocate Onchain Without Triggering the Regulator”. More: announcement, recap.
Where we come from
IPOR Labs began with interest rates. In January 2022 the team published the IPOR manifesto. It described the Inter Protocol Over-block Rate, a benchmark rate for DeFi sourced directly from the smart contracts of decentralized credit markets, printed onchain and auditable by anyone.
Building on that benchmark, IPOR Protocol added asset management in November 2022, which put liquidity providers' funds to work in money markets such as Aave and Compound.
In 2024 the team introduced IPOR Fusion. Its building blocks are ERC-4626 vaults that hold the assets, Fuses that perform single actions on integrated protocols, and offchain Alphas that run the strategy within limits the vault enforces.
Get in touch
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