{"id":8102,"date":"2024-09-19T14:26:49","date_gmt":"2024-09-19T14:26:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=8102"},"modified":"2024-09-19T14:26:49","modified_gmt":"2024-09-19T14:26:49","slug":"scrypt-partners-with-opentrade-to-offer-money-market-access-on-usdc-eurc-for-institutional-clients","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=8102","title":{"rendered":"SCRYPT Partners with OpenTrade to Offer Money Market Access on USDC\/EURC for Institutional Clients"},"content":{"rendered":"

[PRESS RELEASE \u2013 Z\u00fcrich, Switzerland, September 19th, 2024]<\/strong><\/p>\n

SCRYPT<\/a>, a Swiss-licensed leader in institutional-grade crypto asset services, today announces a strategic partnership with OpenTrade<\/a>, an institutional-grade platform for lending and yield products. The partnership will launch a product that allows SCRYPT clients to seamlessly invest USDC and EURC into tokenized U.S. Treasury Bills and E.U. Government Bonds.<\/p>\n

The US Tokenized Treasuries industry has increased in value by 90% from $1.13 billion at the end of Q1 to $2.15 billion so far this quarter, according to rwa.xyz. Appealing to the growing demand from institutional investors and corporate clients, this offering provides secure, straightforward access to money market returns, eliminating the costs and complexities of traditional fiat on\/off-ramps.<\/p>\n

Through this partnership, SCRYPT clients can directly invest USDC or EURC from\u00a0their segregated, SCRYPT-custodied wallets into these tokenized assets via\u00a0OpenTrade. Institutional clients can participate in money markets on idle balances while enjoying the flexibility to move capital quickly and easily.<\/p>\n

SCRYPT\u2019s clients benefit from positions that are fully safeguarded and professionally managed via OpenTrade\u2019s bank-grade off-chain operations and robust legal structure, specifically designed to meet the needs of institutional clients. Despite its recent launch, this product has already generated significant interest amongst clients.<\/p>\n

Key features and benefits of the product include:<\/p>\n

Participating with a volatility hedge: Institutional clients have the opportunity to participate in money markets that are hedged against crypto market fluctuations.
\nExclusively backed by high-quality real-world assets: U.S. Treasury Bills and E.U. Government\u00a0Bonds,\u00a0secured\u00a0through\u00a0OpenTrade\u2019s\u00a0bankruptcy\u00a0remote\u00a0legal framework.
\nStreamlined treasury management: Managing on-chain treasury funds in USDC and EURC without the complexities of on\/off-ramping into traditional fiat currencies or dealing with multiple accounts and platforms.
\nImmediate\u00a0accrued\u00a0interest: Attaining access to the market immediately upon subscription, with a maximum 48-hour withdrawal period to reclaim USDC or EURC.
\nPermissioned, tokenized platform: A secure, AML-compliant environment that mitigates smart contract risks and enhances overall security.<\/p>\n

Dave Sutter, Co-Founder & CEO of OpenTrade<\/strong>, \u201cIt has been great to work with SCRYPT to deploy a solution that provides real utility value to their clients. Together, we are able to offer\u00a0investment products that combine the benefits of stable money market returns, with the\u00a0speed and flexibility of on-chain accounts and transactions, which combined afford clients\u00a0with the simplest and most cost effective way to maximize earnings without introducing\u00a0undue complexity. We are thrilled to see the early interest from SCRYPT\u2019s clients and look\u00a0forward to supporting continued growth moving forwards.\u201d<\/p>\n

Norman Wooding, Founder & CEO of SCRYPT<\/strong>, added: \u201cOur partnership with\u00a0OpenTrade represents a significant milestone for SCRYPT and our institutional and\u00a0corporate clients. Enabling investors and treasurers to earn interest on their USDC and\u00a0EURC balances directly aligns with our mission to bridge traditional finance and crypto-assets. This offering underscores our commitment to providing secure, transparent, and\u00a0efficient ways to optimize stablecoin holdings while maintaining the highest standards of\u00a0institutional service.\u201d<\/p>\n

About SCRYPT<\/strong><\/p>\n

SCRYPT is a leading Swiss-licensed partner for institutional crypto solutions, providing\u00a0seamless and secure management, trading, and custody of crypto assets.<\/p>\n

To discover more: SCRYPT<\/a> | info@scrypt.swiss<\/p>\n

About OpenTrade<\/strong><\/p>\n

OpenTrade is an institutional grade platform for real world asset backed USDC &\u00a0EURC yield products. OpenTrade\u2019s enterprise-grade platform has been purpose built to provide FinTechs with an out of the box solution that allows them to power USDC\u00a0and EURC yield products for their users, that can be accessed with the click of a\u00a0button, and are secured through OpenTrade\u2019s bankruptcy remote structure, bank-grade operations, and time-tested legal framework.<\/p>\n

To discover more: OpenTrade<\/a><\/p>\n

The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself\/herself. The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different\u00a0posts caused by mistranslations, the English version on our official website shall prevail.<\/p>\n

The post SCRYPT Partners with OpenTrade to Offer Money Market Access on USDC\/EURC for Institutional Clients<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Z\u00fcrich, Switzerland, September 19th, 2024] SCRYPT, a Swiss-licensed leader in institutional-grade crypto asset services, today announces a strategic partnership with OpenTrade, an institutional-grade platform for lending and yield products. The partnership will launch a product that allows SCRYPT clients to seamlessly invest USDC and EURC into tokenized U.S. Treasury Bills and E.U. […]<\/p>\n","protected":false},"author":0,"featured_media":8103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8102"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8102"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8103"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}