The paying agent of onchain finance

Finance is moving onchain, from tokenized stocks to stablecoin yield and dividends. And just like in traditional markets, distributing value to holders is a job for specialists, not something every issuer should build in-house. Merkl is that specialist: the engine that calculates who earns what, and distributes accordingly.

More about the paying agent model

We are the leading onchain distribution infrastructure, trusted by 250+ companies including PayPal, Coinbase, and Robinhood.

$1.5B+

distributed onchain to date

4M+

unique recipients paid onchain

51+

chains supported

Our story

From internal tool to industry standard

Merkl was born inside Angle Labs to solve our own distribution problem. It now powers distributions for the largest names in crypto and fintech.

  1. April

    Merkl is born

    Merkl launches inside Angle Labs as an internal engine to support the growth of the Angle stablecoins.

    2023

  2. July

    First external programs

    Merkl opens to external teams. Uniswap and Sushi Swap run the first incentive programs distributed through Merkl.

  3. December

    Chain-wide incentives

    Merkl powers the Arbitrum STIP distributions, bringing chain-wide incentive programs to protocols across Arbitrum.

  4. 2024

    July

    Morpho integrates Merkl

    Morpho replaces its in-house reward system with Merkl to incentivize its markets and vaults.

  5. September

    $50M distributed

    Merkl crosses $50M in total distributions, one year after opening to external teams.

  6. October

    Trust Wallet's first launchpool

    Trust Wallet launches its first launchpool with Merkl powering the token distribution: $2.7M sent to users in 21 days.

  7. April

    Uniswap integrates Merkl

    Merkl rewards and APRs go live inside the Uniswap app. Users see and claim their rewards without leaving the interface.

    2025

  8. June

    Merkl Studio launches

    Any team can now create, launch, and manage incentive campaigns in full autonomy, in a few clicks.

  9. September

    Coinbase integrates Merkl rewards

    Coinbase brings Merkl rewards directly into its app, opening onchain rewards to millions of users.

  10. 2026

    February

    Private transfers

    Teams and individuals can now send tokens confidentially onchain through Merkl.

  11. April

    Merkl goes non-EVM

    Starting with Stellar, Merkl extends reward distribution beyond the EVM world.

  12. July

    Robinhood Chain launches with Merkl

    Robinhood Earn, the native way to put stablecoins to work on Robinhood Chain, goes live with the rate powered by Merkl.

Our mission: make onchain value distribution automated, efficient, and built to scale.

Distributing value onchain still involves too many manual steps: snapshots, spreadsheets, one-off scripts, transfers sent by hand. It works for ten recipients. It breaks at ten thousand.

Merkl replaces that with programmable distribution. Rules are encoded once, and the engine calculates entitlements and pays out automatically, across any chain, at any scale, whether it is yield, dividends, rewards, or payroll.

Who we are

Meet the team

Merkl is a team of 20 people based in Paris. We have been building together since 2021, first as Angle Labs, now behind the leading onchain distribution infrastructure.

The team gathers engineers, researchers, developers, product managers, designers, marketers, and sales profiles, trained at some of the most selective schools in Europe and the US.

  • Ecole Polytechnique
  • Stanford University
  • CentraleSupélec
  • Arts et Métiers
  • Epitech
Join the team
A member of the Merkl team presenting Merkl on stage to an audience at a conference

Let's build together

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