Summary
Digital asset liquidity provider Enigma Securities has partnered with Circle-backed tech company OpenTrade to offer US Treasury bill-backed yield products on-chain. The product will be available to Enigma’s institutional clients through their existing OTC trading desk. The estimated annualized yield for these real-world asset-backed products will be between 4.5% to 5%. The transactions for the products will be conducted as fixed-term, fixed-rate secure loans in USDC. Enigma clients will be fully secured by the assets backing these loans. Latin American clients have shown a high interest in yield products backed by real-world assets, particularly due to the demand for USD-denominated financial assets that provide stable returns.
Key Points
1. Enigma Securities has partnered with OpenTrade to offer US Treasury bill-backed yield products on-chain. These products will be available to Enigma’s institutional clients through their existing OTC trading desk set-up.
2. The estimated annualized yield for these real-world asset (RWA) backed products will be between 4.5% to 5%. Enigma’s clients can access this stable yield without any additional onboarding requirements, using the same methods they currently use to transact with Enigma.
3. The transactions for these products will be conducted as fixed-term, fixed-rate secure loans in USDC, facilitated by Enigma and the OpenTrade Special Purpose Company. The structure is designed to be bankruptcy remote, ensuring that Enigma’s clients are fully secured by the assets backing the loans.