- Yield App offers digital wealth platforms that offer safe custody.
- Customers can exchange and earn at market-leading rates on the platform.
- This acquisition will add structured products to Yield Apps’ product portfolio.
Yield App, a digital wealth management platform, announced yesterday that it had acquired Trofi Group. Trofi Group is a platform offering structured solutions for cryptocurrency. Yiled App’s product portfolio now includes four new structured products.
Yield App, in addition to providing additional products for customers, is now one the top digital wealth platforms.
What does Trofi Group bring to your board?
Trofi Group has a team of experts with over 30 years combined experience in derivatives desks at JP Morgan (HSBC) and JP Morgan. Yield App is now collaborating with Trofi Group to build best-in-class cryptostructured products. Yield App will offer a superior range of products.
Tim Frost, Yield App CEO, spoke out about the acquisition.
“The acquisition of Trofi Group establishes Yield App as a pioneer within the crypto-structured products arena, making us one of only a few platforms to bridge the gap between traditional finance and crypto. Trofi Group’s trust in us is a great honor. We appreciate their dedication to bringing crypto enhanced yield structured product. We look forward to leveraging the team’s vast experience to expand Yield App’s suite of digital wealth management solutions.”
Following the acquisition, Yield App will be launching a beta version of a dedicated investment app duped “Trofi, powered by Yield App.” The app will allow customers to access Yield App’s first crypto-structured products through four different strategies and other products including the dual currency, the range, Sharkfin, and the Target.
Dual currency allows investors to buy cryptocurrencies at lower prices at a certain point in the future while still earning yield. Range is a product that structure allows investors to earn yield as long as the market remains within a specific price range. Sharkfin offers investors who are moderately bullish on future prices the opportunity to receive a minimum coupon and a potential high yield at maturity. Target allows investors who have a bullish outlook on the future price for cryptocurrencies to get a high return.
