Friday 27 January 2023

Estonian digital wealth platform Yield App has acquired Hong Kong-based crypto structured products provider Trofi Group to expand product suite of digital asset investment products, the company said.

Terms of the transaction were not disclosed.

Yield App offers structured product solutions for cryptocurrencies, in response to growing investor demand for enhanced yield investment opportunities.

The acquisition adds four new structured product strategies to Yield App's product suite that offer the opportunity to capture upside across a range of market conditions.

The move positions Yield App as a leading digital wealth platform on the market that acts as a crucial gateway to the digital asset space through sophisticated products.

Yield App offers safe custody of digital assets, allowing customers to exchange and earn on their assets in return for market-leading rates.