SCRYPT, a Swiss-licensed leader in crypto asset services, has announced a strategic partnership with OpenTrade, an institutional-grade platform for lending and yield products. This new offering will allow SCRYPT clients to invest in tokenized U.S. Treasury Bills and E.U. Government Bonds using USDC and EURC.
SCRYPT and OpenTrade Partnership
The partnership between SCRYPT and OpenTrade aims to provide investment products for institutional clients, offering secure and straightforward access to money market returns. Investors will be able to directly invest their USDC or EURC into these tokenized assets via the OpenTrade platform.
Features of the New Product
Key features of the new product include: - Participation with a volatility hedge: Institutional clients can participate in money markets hedged against crypto market fluctuations. - Backed by high-quality real-world assets: U.S. Treasury Bills and E.U. Government Bonds, secured through OpenTrade's legal framework. - Streamlined treasury management: Managing on-chain funds in USDC and EURC without the complexities of traditional fiat currencies. - Immediate accrued interest: Access to the market immediately upon subscription, with a maximum 48-hour withdrawal period for reclaiming funds. - Permissioned tokenized platform: A secure, AML-compliant environment mitigating smart contract risks.
Executive Comments
Dave Sutter, Co-Founder & CEO of OpenTrade, stated: "We’ve had a great experience working with SCRYPT to deploy a solution offering genuine utility to their clients. By combining the benefits of stable money market returns with the flexibility of on-chain transactions, we provide clients with the simplest and most cost-effective way to maximize earnings without undue complexity. We are excited about the early interest from SCRYPT’s clients and look forward to continued growth." Norman Wooding, Founder & CEO of SCRYPT, added: "Our partnership with OpenTrade is a significant milestone for SCRYPT and our institutional clients. Enabling investors to earn interest on their USDC and EURC balances aligns with our mission to bridge traditional finance and crypto-assets. This product offers secure and efficient ways to optimize stablecoin holdings while maintaining high standards of service."
The partnership between SCRYPT and OpenTrade marks a significant development in the institutional crypto asset market, providing clients with new investment and fund management opportunities. This initiative aims to simplify access and enhance the efficiency of tokenized asset utilization.
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