Tesseract taps IPOR Fusion for institutional vault infrastructure, onboarding 21Shares as pilot partner to deploy compliant onchain yield strategies with segregated client vaults

IPOR Fusion's Arbitrum vault lost $336K in January to a missing fuse validation check combined with EIP-7702 delegation abuse — three months ago. Tesseract's single-client-per-vault model maps cleanly to MiCA segregated custody, but the $11.7M TVL vs $55M TVM gap means most value sits in leveraged looping strategies — aggressive positioning to wrap in institutional packaging. 21Shares adding DeFi yield on top of ETP staking returns could meaningfully expand retail's passive onchain exposure, but the fuse adapter pattern needs to be battle-tested beyond one patched legacy contract.

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• Institutional Adoption
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