New Partnership Offers USDC/EURC Money Market Access for Clients

Strategic Partnership Enhances Money Market Access for Clients

SCRYPT, a leader in institutional-grade crypto asset services based in Switzerland, has recently announced a notable collaboration with OpenTrade, an advanced platform for lending and yield solutions. This strategic partnership aims to enable SCRYPT clients to invest in tokenized U.S. Treasury Bills and E.U. Government Bonds using USDC and EURC, marking a significant development in the financial services landscape.

Growing Demand for Tokenized Assets

The tokenized U.S. Treasuries market has experienced tremendous growth, skyrocketing from $1.13 billion at the end of Q1 to $2.15 billion in the current quarter. This remarkable rise indicates a robust demand from institutional investors seeking innovative, efficient ways to manage their assets. The partnership between SCRYPT and OpenTrade directly addresses this demand, providing users with streamlined access to money market returns while removing traditional fiat on/off-ramp complexities.

Leveraging Technology for Institutional Clients

Through this partnership, clients can easily invest USDC or EURC from their segregated wallets that are securely managed by SCRYPT. This direct investment opportunity into tokenized assets via OpenTrade simplifies the investment process significantly. Clients are provided the flexibility to utilize idle balances in money markets, ensuring that their capital can be moved rapidly when necessary.

Benefits of the New Offering

The collaboration not only promotes innovation but also ensures that institutional clients enjoy numerous advantages:

• **Hedged Participation:** Clients can engage in money markets while benefiting from a hedge against crypto market volatility.
• **High-Quality Backing:** With investments supported by dependable real-world assets such as U.S. Treasury Bills and E.U. Government Bonds, clients are assured of a stable foundation.
• **Streamlined Treasury Management:** Users can manage their treasury funds in USDC and EURC without the need for multiple platforms, eliminating unnecessary complexities.
• **Immediate Interest Accrual:** Clients can access accrued interest upon subscription, with a quick 48-hour period to withdraw USDC or EURC.
• **Secure Environment:** The platform is designed with a focus on security and compliance, reducing smart contract risks and enhancing overall user safety.

Leadership Perspectives on the Partnership

Leaders from both companies are enthusiastic about the new offering. Dave Sutter, Co-Founder & CEO of OpenTrade, expressed, "It has been great to work with SCRYPT to deploy a solution that provides real utility value to their clients. Together, we are offering investment products that combine stable money market returns with the efficiency of on-chain transactions. Early interest from SCRYPT’s clients has been encouraging, and we look forward to further collaboration."

Similarly, Norman Wooding, Founder & CEO of SCRYPT, commented, "Our partnership with OpenTrade represents a significant milestone for SCRYPT and our institutional and corporate clients. This offering empowers investors to earn interest on their USDC and EURC holdings, which perfectly aligns with our mission to bridge traditional finance and crypto-assets. We are committed to providing secure and transparent avenues for optimizing stablecoin investments."

About SCRYPT and OpenTrade

SCRYPT stands out as a trusted provider of institutional crypto solutions in Switzerland. The company focuses on secure management and trading of digital assets, ensuring that clients experience seamless services tailored to their needs. OpenTrade supports this mission with its institutional-grade platform, specifically designed for yield products backed by real-world assets, enabling effortless access for fintech partners and their users.

Frequently Asked Questions

What is the significance of the SCRYPT and OpenTrade partnership?

The partnership enables seamless and efficient investment opportunities for clients in tokenized U.S. Treasury Bills and E.U. Government Bonds using digital currencies.

How does this partnership benefit institutional investors?

Institutional investors gain access to money market returns with increased security, flexibility, and a hedge against market volatility.

What currencies can clients use for investments?

Clients can invest using USDC and EURC, enabling them to leverage stablecoins in the investment process.

What are the key features of this new investment product?

The product offers immediate interest accrual, streamlined management of funds, and secure transactions within a compliant environment.

Who are the main leaders behind the partnership?

Dave Sutter and Norman Wooding are the key executives leading the efforts, representing OpenTrade and SCRYPT respectively.

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