Fulgur Ventures backs Elysium Lab, the Zurich-based digital-asset company founded in 2023 by Aron Clementi and Gianmarco Guazzo. Elysium is building two tightly coupled products: a self-custody wallet that natively supports Bitcoin, Lightning, Liquid assets and stablecoins, and KARE, a keyless authentication SDK that lets other applications give users hardware-grade security without seed-phrase friction.

Self-custody only wins if it stops being scary. The single biggest barrier to mainstream Bitcoin ownership is not regulation or volatility, it is the seed phrase. Elysium's bet, and ours, is that distributed key generation, secure enclaves and modern recovery flows can deliver a wallet that feels as smooth as a neobank app while remaining fully non-custodial. KARE then exposes those primitives as an SDK so any third-party app can ride the same rails.

Switzerland is the right home for this work. The country combines a clear regulatory regime for digital assets, deep private-banking and asset-servicing relationships, and a concentration of cryptography talent. Elysium can sell into European wealth managers, fintechs and exchanges that need self-custody as a feature but do not want to build it from scratch, and Liquid plus stablecoin support widens the addressable market well beyond pure BTC use cases.

We have been consistent investors in the consumer wallet category because that is where most users will first touch Bitcoin. Elysium's combination of wallet plus authentication infrastructure is exactly the architecture we want to see more of: products that improve user experience without compromising on sovereignty. We are excited to support Aron, Gianmarco and the team as they bring keyless self-custody to a mainstream audience.