PARIS, April 25,
2024 /PRNewswire/ -- Trakx, an emerging global
fintech company providing thematic Crypto Tradable
Indices ("CTIs"), today announced the launch of the Trakx USDc Earn
CTI powered by OpenTrade that is designed to allow users to easily
generate high risk-adjusted returns on their USDc backed by US
Treasury Bill yields.
With the USDc Earn CTI, Trakx offers a unique instrument that
seamlessly earns US Treasury Bills (T-Bills) like returns, while
the assets are securely managed through OpenTrade's bankruptcy
remote structure.
USDc holders on Trakx can now maximize the value of their USDC
holdings by investing in Trakx USDc Earn CTI to earn stable,
predictable yield, backed by real world financial assets, all
through the existing Trakx interface.The product will be available
as a standard CTI on the Trakx platform but can also be customised
based on specific needs and requirements.
Trakx's partnership with OpenTrade is a case study in how
France is emerging as a regional
hub for digital asset companies that want to build products in an
innovation-forward regulatory and business environment. As a French
regulated Digital Asset Service Provider, Trakx exemplifies how
digital asset firms are integrating traditional and digital asset
finance in a secure and consumer-friendly manner.
Jeff Handler, Co-founder &
Chief Commercial Officer of Opentrade comments, "The USDc Earn CTI
is a great example of how RWA-backed yield products can drive value
for users by providing them with the option to easily generate high
risk-adjusted returns on idle balances in a way that is truly
seamless and highly secured. We're thrilled to have been able to
work with Trakx on this solution, and look forward to seeing the
growth of this product."
Lionel Rebibo, CEO and founder of
Trakx stated: "This initiative marks a pivotal moment as we are now
offering a product that is at the intersection of both the digital
and traditional worlds. USDc holders will soon be able to
seamlessly transform their dormant assets into a reliable source of
revenue. By investing in the USDc Earn CTI, clients will enjoy
competitive returns comparable to other products, such as
DeFi, while benefiting from the security offered by
traditional finance."
About Trakx
Trakx is a global fintech company creating
new standards for digital asset investments. Through their trading
platform, they offer thematic Crypto Tradable Indices
(CTIs) and customised solutions, providing sophisticated investors
a high degree of compliance, custody and liquidity. Trakx is
registered with the French regulator (AMF). For more information,
please visit us online at www.trakx.io
About OpenTrade
OpenTrade is an institutional
grade platform for on-chain lending and yield products. OpenTrade's
platform allows FinTechs building next generation digital dollar
apps to offer users yield products backed by high quality liquid
assets in a way that is seamless, secure, and compliant.
OpenTrade's global customers can offer the world's most accessible
US Dollar- and Euro-denominated yield products with the click of a
button, and the security guarantee of a bankruptcy remote,
time-tested legal framework.
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SOURCE OpenTrade