Trakx launches a new product: Trakx USDc Earn CTI powered by OpenTrade
25 Abril 2024 - 3:00AM
Trakx launches a new product: Trakx USDc Earn CTI powered by
OpenTrade
Paris, 25 April 2024, 10:00AM
CET: 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 TrakxTrakx 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 OpenTradeOpenTrade 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.
Media Relations Contact
Caroline Jacquard - caroline@trakx.ioJeff Handler -
jeff@open-trade.io