Salt was conceived when a group of TradFi and DeFi derivatives traders set out to build a liquid crypto fund and hit an infrastructure bottleneck.
The fund would hold tens of millions across multiple wallets, with human and automated traders executing high-volume, market-neutral strategies around the clock. That required strict delegation of authority, automated policy controls and sophisticated coordination across people and software.
Traditional finance has long had infrastructure for separating ownership, authority and execution. In crypto, the available solutions were expensive, opaque and typically required a third-party provider to hold part of the private key material, placing that provider inside the control architecture, as most sophisticated MPC platforms still do today.
The founders could not get comfortable making an infrastructure provider a required participant in the control of the fund’s assets simply to access sophisticated capital management.
They saw a gap: the ability to coordinate capital with institutional-grade controls, without giving up control of the assets themselves.
They spent months looking for an alternative and, finding none, built Salt.
