How Cytric helped CipheX raise multi-six figures to power its AI-driven asset management platform.
CipheX is a digital asset management platform that uses autonomous AI “Centurions” to deliver real-time, adaptive trading strategies. Operating on a non-custodial model, it lets users retain control of their assets while accessing institutional-grade execution, risk management, and transparent reporting.
Together with Cytric, CipheX built a fundraising platform to support the development and operation of its asset management system. So far, CipheX has raised multiple six figures in capital from public and private investors. We have worked with the CipheX team from late 2023 until late 2025.
CipheX approached us in late 2023 with the goal of raising funds in support of the digital asset management platform they were building. When we were approached, the CipheX founding team consisted of 12 US and Canada based professionals, each having 15+ years of experience in financial markets, banking, corporate finance, asset markets and software.
The means of raising funds was going to be through the creating of a fund raising platform through a cryptocurrency token. The CPX token would be offered for sale during a multi-round raising process that would last for six months. Funds would be raised from both the public and from private investors. The bought CPX tokens would earn yield during a six month lockup period, after which the tokens and rewards would be redeemable through a claiming portal.
Although the team had vast experience in software and financial markets, they needed a partner with specific knowledge of the cryptocurrency space to execute the creation of their fund-raising platform.
We have built a set of different solutions in the pursuit of raising funds including the CPX blockchain token, the custom set of fund-raising and yield generating smart contracts, a fund-raising admin dashboard, the fund raising user platform, the affiliate system and the token claiming portal. All of these solutions combined provided the necessary set of systems and tools to allow CipheX to raise funds from both public and private investors as well as manage it's internal operations.
The smart contracts we're built and launched on the Ethereum blockchain and they successfully passed a security audit performed by the reputable security firm Certik. We built in upgradeability and admin controls to allow CipheX to manage private placements and the ability to efficiently respond to product changes. The smart contract set included a token smart contract representing the CPX token, a presale smart handling the multi-round fundraser and a staking smart contract handling the token lock, reward and claim mechanisms.
A backend application was built to aggregate blockchain data for display in the frontend interfaces. Both for the user facing interfaces, the affiliate system and the admin portal. The user facing interfaces were built to show live statistics on the fund-raiser and allow users to connect their own blockchain wallets and participate in the fund-raiser at their own discretion. The user interface also included an affiliate portal with leaderboard where users could sign up as an affiliate and promote the fund-raiser to earn a commission. The affiliate system had to be built from scratch as existing solutions did not provide the features needed for this use case. Finally the admin portal showed detailed insights into the presale progressing (through dune analytics) and the ability to see and payout platform affiliates.
With the help of Cytric, CipheX successfully completed a multi-six figure fund-raiser from both public and private investors, enabling them to continue and further support the development of the CipheX digital asset management platform.