• Yield App, a digital wealth platform, has acquired Trofi Group, a platform offering structured solutions for cryptocurrencies.
• This 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 30 years of experience in derivatives desks at JP Morgan and HSBC, and will join Yield App in building best-in-class crypto-structured products.
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 announced the acquisition of Trofi Group, a platform that offers structured solutions for cryptocurrencies. The acquisition adds four new structured products to Yield App’s product suite and further establishes Yield App as one of the leading digital wealth platforms.
The team at Trofi Group brings 30 years of experience in derivatives desks at JP Morgan and HSBC, and will join Yield App in building best-in-class crypto-structured products. 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 further develop our product suite.”
The move will enable Yield App customers to gain access to a wide range of structured products, which have become increasingly popular in the cryptocurrency space. These products are tailored to meet the individual needs of customers, allowing them to take advantage of a range of features such as leverage and diversification. The addition of these products to the Yield App platform will help customers to grow and diversify their portfolios.
The acquisition of Trofi Group is an important step for Yield App in its mission to become the world’s leading digital wealth platform. With the addition of these new structured products, Yield App customers can now gain access to a wide range of products that are tailored to meet their individual needs. The acquisition will also enable Yield App to offer a superior suite of products to its customers, further cementing its position as a leader in the digital wealth space.