• Yield App, a digital wealth platform, has acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies.
• The acquisition brings four new structured products to the Yield App product suite.
• The CEO of Yield App believes that the acquisition will bridge the gap between traditional finance and crypto and will leverage the team at Trofi’s expertise to bring enhanced yield structured products to crypto.
Yield App, a digital wealth platform that offers safe custody of digital assets and allows customers to exchange and earn on their assets at market-leading rates, has recently announced the acquisition of Trofi Group, a platform that offers structured solutions for cryptocurrencies. This move will add four new structured products to Yield App’s product suite.
The team at Trofi Group has 30 years of experience in derivatives desks at JP Morgan and HSBC. With this acquisition, Yield App aims to become one of the leading digital wealth platforms by bridging the gap between traditional finance and crypto and leveraging the team at Trofi’s expertise to bring enhanced yield structured products to crypto.
Commenting on the acquisition, the CEO of Yield App, Tim Frost, said: “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. We are grateful to the team at Trofi for trusting us to continue their excellent work in bringing enhanced yield structured products to crypto. We look forward to leveraging their expertise to develop innovative solutions tailored to our customer’s needs.”
The four structured products to be added to Yield App’s product suite are geared towards risk-averse investors looking for higher yields than what’s available in the traditional finance markets. The products include options, futures, synthetic options, and synthetic futures. These structured solutions will allow customers the flexibility to adjust the risk/return profile of their portfolio and provide customers with additional ways to earn on their digital assets.
Yield App will also be integrating Trofi Group’s risk management and portfolio construction technology into its platform. This will enable customers to easily build and manage their portfolios with the help of sophisticated risk management tools.
The acquisition of Trofi Group is a major step forward for Yield App in its mission to become a leading digital wealth platform. The new structured products and risk management tools will enable Yield App to provide its customers with enhanced options to manage their digital assets and earn higher yields. With this acquisition, Yield App is well-positioned to become the go-to platform for digital wealth management.