• 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 and makes Yield App one of the leading digital wealth platforms.
• The team at Trofi Group boasts of 30 years experience in derivatives desks at JP Morgan and HSBC, which will be utilized in building best-in-class crypto-structured products for Yield App customers.
Yield App, a digital wealth platform that offers safe custody of digital assets, yesterday announced the acquisition of Trofi Group, a platform that offers structured solutions for cryptocurrencies. This move adds four new structured products to the Yield App product suite and makes it one of the leading digital wealth platforms.
The team at Trofi Group boasts of 30 years experience in derivatives desks at JP Morgan and HSBC. This experience will be utilized in building best-in-class crypto-structured products for Yield App customers. The acquisition brings the total number of products offered by the platform to seven. It also gives Yield App the ability to bridge the gap between traditional finance and 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 in this area to provide our customers with new opportunities to diversify their portfolios and increase their yield.“
The new products offered by Yield App through the acquisition of Trofi Group will include options, futures, swaps, and structured products. The platform is also working on introducing new products that will enable customers to access the yield potential of their crypto assets without having to sell them.
Yield App is committed to providing its customers with secure and valuable products. The acquisition of Trofi Group is just one step in that direction and Yield App looks forward to further strengthening its product suite and providing its customers with an unparalleled digital wealth experience.
