SCRYPT, a Swiss-licensed provider of institutional-grade crypto asset services, announced a strategic partnership with OpenTrade, an advanced platform for institutional lending and yield products. The collaboration introduces a new investment product that enables SCRYPT’s institutional clients to invest their USDC and EURC holdings into tokenized US Treasury Bills and EU Government Bonds seamlessly.
The tokenized US Treasuries market has experienced growth of 90%, rising from $1.1 billion at the end of the first quarter of 2024 to $2.2 billion this quarter, according to rwa.xyz. The surge reflects the growing demand from institutional and corporate investors for secure and efficient money market investment opportunities. The new offering by SCRYPT and OpenTrade provides a streamlined pathway to achieve money market returns without the traditional costs and complexities of fiat currency transactions.
Through this partnership, SCRYPT clients can directly invest USDC or EURC from their SCRYPT-managed, segregated wallets into tokenized US Treasury Bills and EU Government Bonds via OpenTrade.
The integration also allows clients to earn competitive money market yields on their idle assets while maintaining the flexibility to move capital efficiently.
Key features and benefits of the partnership include:
- Stable Returns Without Market Volatility: Earn competitive money market yields, paid daily, independent of cryptocurrency market fluctuations.
- High-Quality Asset Backing: Investments are secured by US Treasury Bills and EU Government Bonds, supported by OpenTrade’s bankruptcy-remote legal structure.
- Efficient Treasury Management: Manage treasury funds on-chain in USDC and EURC without the need to convert to traditional fiat currencies or manage multiple accounts and platforms.
- Immediate Interest Accrual: Interest begins accumulating upon subscription, with withdrawals available within a maximum of 48 hours to reclaim USDC or EURC.
- Secure, Tokenized Platform: Operates in a permissioned, AML-compliant environment that reduces smart contract risks and enhances overall security.
SCRYPT’s clients benefit from fully protected and professionally managed positions through OpenTrade’s bank-grade off-chain operations and legal framework tailored for institutional needs.
“Partnering with SCRYPT has enabled us to deliver a solution that offers tangible value to their clients,” Dave Sutter, Co-Founder and CEO of OpenTrade, stated. “We can now provide investment products that combine the reliability of stable money market returns with the efficiency and flexibility of on-chain transactions.”
