• Digital wealth management platform Yield App acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies.
• This acquisition brings four new structured products to the Yiled App product suite, making 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.
Digital wealth management platform Yield App has made a major move towards becoming one of the leading digital wealth platforms by acquiring Trofi Group. Trofi Group is a platform that offers structured solutions for cryptocurrencies, and their acquisition by Yield App means the addition of four new structured products to the Yield App product suite.
The team at Trofi Group brings with them a wealth of experience, boasting of 30 years in derivatives desks at JP Morgan and HSBC. This experience will be invaluable in helping Yield App bridge the gap between traditional finance and crypto, and in providing customers with best-in-class crypto-structured products.
Commenting on the acquisition, Yield App CEO 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 and experience to further develop our suite of products.”
The addition of Trofi Group to Yield App’s product offering will help the platform to remain competitive, and to better serve its customers. Customers can now enjoy a greater variety of products and services to help them better manage their digital assets. Yield App has also promised that the acquisition will not affect the safety and security of customers’ funds, and will continue to provide market-leading rates for asset exchanges.
This acquisition is a big win for Yield App, and for customers of the platform. The acquisition of Trofi Group is expected to open doors for Yield App, and will help the platform to become one of the leading digital wealth platforms in the industry.