Ember Protocol

Live

Tokenized Assets64

Everything vaults, everything liquidity: tokenized funds, yield and metals on Canton

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Score

Algorithm Analysis: Ember Protocol

64/100

Activity54/100

Maturity50/100

Community49/100

Transparency46/100

Documentation49/100

Ember Protocol shows real substance with a live multi-chain vault product, roughly $120M TVL reported by DefiLlama, public docs/app, and an approved Canton validator running ember-validator-1. Its Canton launch of tokenized gold and silver plus cross-chain deposit support strengthen network activity and adoption. Main gaps are missing legal/team/funding details and limited public community channels, so transparency and maturity remain moderate despite strong product traction.

Last analyzed: Oct 22, 2026

Overview Features FAQ Related

Ember Protocol on Canton

Vault platform bringing tokenized gold and silver (eXAU and eXAG) and curated yield strategies to Canton, with Ember also running a validator node

About Ember Protocol

Ember Protocol is a unified platform that tokenizes any fund, vault, strategy or asset, crypto or real-world, across multiple blockchains, incubated by Bluewater Labs, the team behind Bluefin, and originally launched as the first structured vaults product on Sui. Its non-custodial vaults are managed by Web3 curators who run DeFi, cross-chain and CeDeFi strategies, using a single share-price model and supporting both permissioned (KYC) and permissionless setups. Deposits are available on Ethereum, Base, Pharos, Sui and Canton, with Solana coming soon, and DefiLlama tracks roughly $120 million in total value locked. On July 18, 2026, Canton announced that Ember Protocol is live on the network, giving users access to tokenized gold and silver through eXAU (Ember Gold) and eXAG (Ember Silver). Ember Protocol is also an approved Canton validator operator, approved in the May 27, 2026 batch and onboarded on June 23, 2026, running the node ember-validator-1.

Features

What the product does

Everything Vault Layer

Tokenizes any fund, vault, strategy or asset with a single share-price model, in permissioned (KYC) or permissionless setups.

Tokenized gold and silver on Canton

Gives access to eXAU (Ember Gold) and eXAG (Ember Silver), live on Canton since July 18, 2026.

Crosschain deposits

Accepts deposits on Ethereum, Base, Pharos, Sui and Canton, with Solana coming soon.

DeFi vaults

On-chain yield and market-making strategies run by top Web3 curators.

Ember Protocol FAQ

Ember Gold, a tokenized gold product available on Canton since July 18, 2026. eXAG is the matching silver product.

Ember’s vaults are described as non-custodial and managed by third-party curators, with users receiving share tokens.

Ethereum, Base, Pharos, Sui and Canton, with Solana coming soon.