Decrypt launches self-custodial Money Accounts on Solana

According to Decrypt, the company has launched its self-custodial Money Accounts on Solana, giving readers a single balance that can be used across all Decrypt products. The rollout is meant to support The Information Exchange, the finance and intelligence market Decrypt is building.

Decrypt co-founder Ilan Hazan said the goal is to create “one account, one balance,” allowing users to access financial tools directly from the place where they get information. He said that includes products ranging from prediction markets to perpetual contracts and swaps, with users able to manage all positions in one place without worrying about wallets, bridges or blockchains. Decrypt said partner announcements will come in the next few weeks.

One balance across multiple products

Deposits and balances are denominated in USDT on Solana. The same balance can be used for products including Earn, Swaps, Predictions and Perps. Decrypt said gas and rent are sponsored through a co-signed payer, so users do not need to hold SOL or think about network fees.

Self-custodial account structure

The company said the account is self-custodial. Decrypt does not hold private keys and cannot execute actions on behalf of users. A private key export function is set to launch soon.

Cross-chain handled in the background

Decrypt said cross-chain operations are completed at the infrastructure level. As one example, the Myriad Predictions market settles on BNB Chain, but users can still trade with the same Solana USDT balance without interacting with a bridge.

Existing Myriad Wallet users can use Decrypt Money Accounts directly. One account and one balance will work across both Decrypt and Myriad, with no migration required.