SCRYPT partners with Aave Arc and Fireblocks to bolster institutional integration of DeFi

Author: 
Clément Richard
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SCRYPT will be working with Aave and Fireblocks to offer its institutional clients the benefits of DeFi whilst allowing them to meet their regulatory and compliance requirements.

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

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