Fypher launches fypherfi.com for FYUSD swaps and yield

Seoul — On July 1, 2026 Fypher launched fypherfi.com, a platform where users can swap and deploy FYUSD, the company’s U.S. dollar-backed stablecoin. The site also provides access to on-chain yield strategies through Concrete vaults. BitGo will act as the primary custodian for assets on the platform and CertiK completed security audits of the protocol code.

The platform combines stablecoin issuance, wallet interactions and vault access in a single interface aimed at institutional and retail users in Asia. Concrete, developed by Blueprint Finance, will power vault-based yield programs that can include lending, staking and investments in real-world assets. Yields will vary by strategy and asset class.

Fypher says its system separates the dollar issuance function from the yield-management layer, following a structure where issuers and asset managers operate independently. The company says that separation creates clearer compliance boundaries for market participants.

Paul Kim, founder of Fypher, called FYUSD “the dollar layer that makes compliant yield possible.” He added the new site “provides streamlined access to an infrastructure” that lets holders plug a digital dollar into compliant on-chain yield strategies without the operational complexity and regulatory ambiguity commonly associated with decentralized finance.

Nic Roberts-Huntley, chief executive of Blueprint Finance, described their approach as a “compliance-by-design” framework with controlled access, clear rules and structured risk frameworks. He said the partnership aims to help institutions convert idle capital into productive assets through risk-managed yield programs.

Fypher positioned the launch within wider market and regulatory trends. Asia accounts for more than 60% of global stablecoin volume, and regional frameworks for tokenized assets are evolving. Participants point to Singapore’s Project Guardian as an example of growing institutional involvement in tokenized infrastructure. Proposed U.S. legislation such as the GENIUS Act has prompted stablecoin issuers to consider structures that separate base issuance from yield-bearing functions.

Blueprint Finance develops multi-chain DeFi infrastructure including Concrete on Ethereum and Glow on Solana. The firm says its quantitative frameworks reduce common DeFi risks such as liquidation exposure and capital fragmentation. Users of fypherfi.com will be able to swap into FYUSD and allocate funds to Concrete vaults running different strategies, while custody and audits are provided by BitGo and CertiK.