What rhino.fi is
rhino.fi was born as DeversiFi (2019), a decentralised exchange on StarkEx technology that emerged from the Bitfinex/Ethfinex orbit. In July 2022 the project renamed itself rhino.fi and progressively abandoned the pure DEX model to become a multi-chain gateway: bridging between dozens of blockchains, swaps and, more recently, infrastructure for routing and settling stablecoins. Nectar (NEC), the token of the DeversiFi era, is no longer the project's token: it was replaced by DVF (Verified: September 2026). In the version for individuals the user did not open an account: they connected their own wallet and kept custody of their funds. Today rhino.fi offers its services only on a B2B basis to business customers, with an API for stablecoin deposits, conversions and payments; its terms of use describe the services offered to individuals in the past as "legacy". The service is operated by Liquidity Labs Holdings Limited, a company registered in the British Virgin Islands. According to the official website, founder Will Harborne is CEO and co-founder Ross Middleton is Chief Business Officer. (Verified: October 2026)
Regulation and licences
- MiCA-CASP: not found in the ESMA register of authorised CASPs (Verified: October 2026). The old services for individuals worked in non-custodial mode; today rhino.fi serves only business customers. Those who use its services do not enjoy the protections MiCA provides for clients of authorised CASPs.
- It is not an entity supervised by a financial authority for the services it offers. (Verified: September 2026)
Security
The non-custodial model of the old services for individuals reduced the custody risk typical of centralised exchanges, but the risks of DeFi remained (smart contracts, bridges, administrators' upgrade powers). No significant hacks with loss of user funds are documented in the history of DeversiFi/rhino.fi. The old StarkEx-based system was shut down in 2025: from 1 March 2025 balances could be withdrawn from legacy.rhino.fi and, according to L2BEAT, the admin multisig then upgraded the contract and transferred the funds to a multisig on Ethereum. Since 1 March 2026 unclaimed balances have been entrusted to an authorised third party and can still be claimed, net of costs the company describes as "reasonable". (Verified: October 2026)
Headquarters and contacts
- Liquidity Labs Holdings Limited, a company registered in the British Virgin Islands (no. 2021531), operates rhino.fi according to the official website and terms of use (October 2026).
- Official website: https://rhino.fi/
FAQ
Are rhino.fi and DeversiFi the same thing? Yes: DeversiFi renamed itself rhino.fi in July 2022. The old site and the StarkEx DEX model have been superseded by the transformation into a bridge/cross-chain infrastructure platform. (Verified: September 2026)
I had funds on DeversiFi or the old rhino.fi: can I recover them? According to the company, yes: since 1 March 2026 unclaimed balances from the old StarkEx system have been held by an authorised third party and can still be claimed, net of costs described as "reasonable", using the procedure published on the official website. Today rhino.fi no longer offers services to individuals. (Verified: October 2026)
Verified sources
- https://www.cryptoninjas.net/2022/07/14/ethereum-l2-deversifi-transforms-into-multi-blockh
- https://rhino.fi/about
- https://rhino.fi/legal-policies-and-documentation/terms-conditions
- https://rhino.fi/legal-policies-and-documentation/important-upgrade-rhino-revamp-claiming-
- https://l2beat.com/scaling/projects/rhinofi
- https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv
