SCRYPT Partners with Aave Arc and Fireblocks to Bolster Institutional Integration of DeFi
Zurich, 8th of February 2022 – SCRYPT will bring DeFi to its institutional clients via its discretionary portfolio management solutions. The Swiss-based firm will offer an additional source of yield by integrating Aave Arc, a permissioned version of the DeFi liquidity protocol. Fireblocks will act as the very first active whitelister for the protocol. The permissioned Aave Arc has the same features as Aave Protocol and fits within the KYC and AML compliance standards.
While approximately $255.9 billion is currently locked in DeFi, the DeFi market has largely remained untapped by institutions due to compliance requirements. By leveraging on this alternative private pool to meet regulatory standards, SCRYPT expects to unlock a significant part of the trillion-dollar opportunity* arising in the next 5 years, according to blockchain research firm Blockdata.
“We are excited to bring DeFi to our institutional clients. This is a major milestone.
We are thrilled by the partnership and look forward to continuing to grow, build, and innovate together”, Norman Wooding, CEO & Founder of SCRYPT.
How to benefit from DeFi opportunities in discretionary mandates with SCRYPT?
Get in touch info@scrypt.swiss
About SCRYPT – Trusted Partner for Digital Assets.
SCRYPT acts as the trusted partner for institutions by building and providing infrastructure that delivers Digital Assets services in a robust regulatory framework.
Our product line is designed to cover every institution’s crypto needs, removing the complexity of crypto finance with technology and innovative products. Manage all your crypto strategies through a single interface and seamless workflows.
Digital Trading
Allows customers to securely manage, trade, store, and generate yield on their crypto assets through a market-leading platform.
Digital Investments
Enables investors to gain exposure to crypto assets through a regulated portfolio manager.
Learn more: www.scrypt.swiss | info@scrypt.swiss
Media contact: jen@scrypt.swiss
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