Why Kaltra acquired Bracket

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What the vault stack changes for allocators and managers on the platform.

The short version

Kaltra acquired Bracket to own the vault infrastructure our products run on. The vault stack has been live onchain since 2021 and has processed tens of millions of dollars in deposits, NAV strikes and redemptions — through multiple market cycles, not a sandbox.

What it changes for allocators

• Enforced investment policy. A vault's manager can only act inside the protocols, assets, chains and leverage limits disclosed to investors. The policy is enforced onchain, not described in a document.
• Non-custodial controls. Funds cannot be removed by the vault manager. Custody stays with the allocator or their custodian.
• Verifiable NAV. Every strike and its lot-level detail is published onchain, so holders can check the record themselves rather than taking it on trust.

What it changes for managers

Managers get a regulated venue without giving up their strategy. They bring a fund, loan or structured deal; Kaltra wraps it in regulated issuance, custody integration and NAV reporting, and distributes it to eligible professional investors.

Read more Kaltra Insights on tokenized private markets, regulation and onchain fund infrastructure.