USDc Earn CTI: Trakx & OpenTrade Launch A New Crypto Index

• May 08, 2024
USDc Earn CTI: Trakx & OpenTrade Launch A New Crypto Index

We are excited to announce a new partnership with OpenTrade and the launch of a new crypto index fund: the USDc Earn CTI!

Breaking new ground in advanced financial instruments is no easy feat. However, our relentless efforts to establish Trakx as one of the most regulated and compliance-relevant platforms have paid off. We are proud to introduce an innovative new index, a testament to our beneficial partnership with OpenTrade.

The USDc Earn Crypto Tradable Index

While we have mainly focused on financial products that offer cryptocurrency exposure, the USDc Earn Index is starting to expand into an additional sector. In fact, this innovative index allows us to generate returns on investments based on USDc holdings. By pegging the index to US Treasury Bills (T-Bills), it is possible to generate stable, predictable returns backed by real-world financial assets. In this way, if you have funds in USDc stablecoins and have no intention of investing in cryptocurrency-related assets, which are potentially riskier, you can 'kick-start' your stablecoins and earn a fixed return without hedging them in more volatile cryptocurrencies. This is a huge step in integrating traditional financial processes within Web3 and cryptocurrencies, acting as a bridge between fiat currencies and cryptocurrencies.

How Can I Invest in the USDc Earn CTI?

The process for investing in the USDc Earn Index is the same as for all crypto index funds

There are two possibilities, here are the steps to follow:

A) If you’re already registered on Trakx and have dormant USDc funds in your wallet, you can invest them in USDc Earn CTI to earn a good low-risk return, with just a couple of clicks.

B) If you are not yet registered on Trakx, here are the steps to follow: 

1) Register on our crypto index trading platform: Trakx Sign Up

2) Proceed to verify your information and secure your account with 2FA for peace of mind. Security is indispensable in Web3, which is why we adopt the most secure safekeeping protocols.

3) Proceed by depositing funds; we accept fiat currencies and USDc.

4) In our Crypto Indices Trading App, go to the Stake & Yield category and select the USDc Earn Crypto Tradable Index.

5) Once selected, you are ready to put your USDc in motion. With a couple of clicks, you can invest your stablecoins and start receiving fixed returns backed by US Treasury Bill yields. The estimated APR is 4.75%.

Trakx & OpenTrade Join Forces: A Collaboration for Innovation

Trakx and OpenTrade have joined forces to bring innovation to the digital asset space. Trakx, our company, known for creating compliant and regulated financial products, has partnered with OpenTrade, which offers an institutional-grade platform for on-chain lending and yield products. Together, our companies are set to change the way investors interact with traditional financial assets, offering an innovative and revolutionary approach to the industry.

  • Driving Innovation: The collaboration between Trakx and OpenTrade is driven by a shared commitment to innovation. By leveraging OpenTrade's advanced platform capabilities and Trakx's experience in creating thematic Crypto Tradable Indices (CTIs), the partnership aims to introduce groundbreaking financial products that meet the evolving needs of investors in the digital age.
  • Expanding Opportunities: Together, Trakx and OpenTrade are expanding opportunities for investors by introducing new products like the USDc Earn Index. This innovative index allows investors to earn stable and predictable returns on their USDc holdings backed by real-world financial assets. By providing access to high-quality liquid assets in a seamless, secure, and compliant manner, the partnership is democratizing access to advanced financial instruments previously available only to institutional investors.
  • Pioneering Integration: The collaboration between Trakx and OpenTrade is pioneering integration between traditional finance and the world of cryptocurrencies. By offering investors the opportunity to earn fixed returns on their stablecoins through products like the USDc Earn Index, we are bridging the gap between fiat currencies and cryptocurrencies, creating a pathway for mainstream adoption and acceptance.

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."

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."

About Trakx

Trakx is a fintech company that operates on a global scale, bringing innovative solutions to the world of digital asset investments. Our advanced trading platform offers a diverse range of Crypto Tradable Indices (CTIs) and customized solutions to cater to the needs of sophisticated investors. At Trakx, we prioritize compliance, custody, and liquidity, ensuring a high degree of security and transparency for its clients. The company is registered with the French regulatory body, Autorité des Marchés Financiers (AMF), maintaining strict adherence to its rules and regulations. 

About OpenTrade

OpenTrade is a platform designed for on-chain lending and yield products that are specifically tailored for institutional grade use. With OpenTrade's state-of-the-art platform, FinTech companies can offer their users yield products that are backed by high-quality liquid assets in a way that is both seamless and secure. OpenTrade's platform is also fully compliant with all relevant regulations, ensuring that its customers can offer the most accessible US Dollar- and Euro-denominated yield products with the click of a button.

Why are our Crypto Tradable Indices Revolutionary? 

Crypto Tradable Indices (CTIs) represent a novel approach to investing in the cryptocurrency space, offering investors exposure to diversified portfolios of cryptocurrencies in a single, tradable instrument. Let's take a closer look at how CTIs work and explore their benefits for investors.

  1. Composition and Construction: CTIs are baskets of cryptocurrencies selected according to specific themes, sectors, or investment strategies. The composition of a CTI is determined by an index methodology, which outlines the criteria for inclusion and weighting of individual assets within the index. This methodology is designed to provide investors with exposure to a diversified portfolio of cryptocurrencies while also balancing factors such as risk, liquidity, and market representation.
  2. Targeted Exposure: CTIs are designed to track the performance of the underlying cryptocurrencies in the index. This is achieved through a combination of price data feeds from cryptocurrency exchanges and rebalancing mechanisms, which adjust the composition of the index periodically to reflect changes in market conditions or index criteria. By tracking the performance of the underlying assets, CTIs offer investors a convenient way to gain exposure to the broader cryptocurrency market without the need to individually trade and manage multiple assets.
  3. Liquidity and Accessibility: One of the key benefits of CTIs is their liquidity and accessibility. Unlike investing directly in individual cryptocurrencies, which may suffer from liquidity constraints or trading inefficiencies, CTIs are traded on regulated exchanges, providing investors with access to deep liquidity pools and transparent pricing. This makes it easier for investors to buy and sell CTIs, reducing transaction costs and improving overall market efficiency.
  4. Diversification and Risk Management: CTIs offer investors exposure to diversified portfolios of cryptocurrencies, which can help mitigate the risks associated with investing in individual assets. By spreading their investments across multiple cryptocurrencies, investors can reduce their exposure to idiosyncratic risks and benefit from the potential diversification benefits of a well-constructed index. Additionally, CTIs incorporate risk management techniques such as rebalancing and asset weighting strategies to further enhance risk-adjusted returns.
  5. Regulatory Compliance: CTIs offered by platforms like Trakx are designed to comply with regulatory requirements, providing investors with peace of mind and confidence in the integrity of the product. This includes adherence to regulatory standards for asset custody, transparency, and investor protection, ensuring that CTIs meet the highest standards of compliance and governance.

In conclusion, our Crypto Tradable Indices represent an innovative approach to investing in the digital asset space, offering investors exposure to diversified portfolios of cryptocurrencies in a single, tradable instrument. By tracking the performance of the underlying assets, providing liquidity and accessibility, and incorporating risk management techniques, CTIs offer investors a convenient and efficient way to gain exposure to the broader cryptocurrency market while managing risk and compliance considerations.

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