TradeTogether

In traditional banking, deposit accounts usually offer very low-interest rates, often close to zero percent. This is especially true in the US and Europe, where depositors earn minimal, if any, returns on the money they have in these accounts. In this regard, TradeTogether, a fintech enterprise, is ushering a shift towards using stablecoins in a manner akin to deposit accounts and with a significantly higher yield.

“We empower our clients to secure a yield of 5 to 5.5 percent, closely tied to Treasury bills, on assets mirroring traditional deposit accounts,” says Geoff Ira, co-founder and CEO of TradeTogether.

The company offers a user-friendly Web3 investment platform that protects investors from potential downside risks, ensuring a hassle-free and secure investment experience. The company collaborates with established banks to tokenize bonds, converting real-world assets into digital tokens to provide services to a broader clientele.

TradeTogether’s web and mobile applications are also designed to introduce users to the Web3 industry and the cryptocurrency ecosystem while catering to their risk tolerance. Upon registration, users must complete a risk profile assessment for the company to understand how users respond to market fluctuations, including scenarios like a 20 percent drop. After completing this assessment, the firm commences the Know Your Customer (KYC) process. It then undergoes the Monetary Authority of Singapore exemption restricted fund, which is similar to the Securities and Exchange Commission (SEC) in the US, allowing TradeTogether to cater to accredited investors and institutions.

Today, the company focuses on giving clients the opportunity to invest in Bitcoin through Digital Assets, which is similar to an ETF experience. However, it is emphasized that relying solely on an ETF may not safeguard clients in the event of a sudden 20 percent drop in Bitcoin value.

TradeTogether mitigates this risk by providing the Bitcoin Advantage Fund, designed to automatically hedge against downside risks based on the client's risk tolerance.

Geoff was able to rely on the expertise of Veterans in Financial Markets - TradeTogether Advisory Board to refine this strategy. The firm’s comprehensive suite of products enables clients to engage in Web3 investments while aligning with their individualized return objectives.

Stable Growth Staking is the company’s first low-risk strategy that was developed in 2021, serving as TradeTogether’s foundational benchmark.The fund aims to provide customers access to the Web3 space while minimizing market volatility and addressing cybersecurity risks on their behalf.

Ira further explains, “We aim to attain a targeted yield of 8 percent by investing with a stablecoin.”

TradeTogether’s Web3 Money Market Fund is another offering that is directly tied to US Treasury or state treasury bonds. The company tokenizes these bonds through collaboration with a regional banking partner, delivering yield to crypto exchanges instead of individual clients. Like Stable Growth Staking, the firm converts digital assets into tokenized bonds, and clients receive bond interest coupons every three months.

For instance, Kin Food, a company dedicated to addressing challenges in sustainable food supply chains and reducing food waste, could secure financing at LIBOR plus 8 or 10 percent if they approached a major bank. However, after a comprehensive evaluation of the company and a credit risk assessment conducted with TradeTogether's partners, the firm proposed a more favorable financing option at a 14-percent offering rate. This compelling opportunity is then presented to clients seeking medium-risk investments. The entire funding process is carried out in digital assets, including financing in USDC. Clients receive a quarterly coupon of 3, 3.5, or 4 percent, making this approach transparent and yielding a substantial 14 percent annual return. Kin Food recently secured a significant contract with a leading supermarket, showcasing the tangible results of the firm’s Web3 investment strategy.

In a different vein, the origin of TradeTogether can be traced back to 2020, when a friend approached Ira for advice on accessing a secure webstream industry avenue, specifically an ETF. Despite being aware of decentralized finance (DeFi)and other options, the friend found crypto exchanges complex. Drawing upon the founder's expertise in digital assets, the friend sought advice and assistance.

This interaction catalyzed the establishment of TradeTogether, where the goal was to create a Web3 solution tailored to clients' investments. Ira, along with co-founder Jordan Co Ko, a former colleague, jointly facilitated their friend's introduction to the world of DeFi. However, the friend returned within a few weeks after having forgotten his password and struggling to navigate the liquidity pool. This led the founders to adopt a more hands-on approach, solidifying the inception of their journey.

TradeTogether’s positive feedback is based on its clients' dual benefits of gaining exposure to Web3 and having a clear understanding of investment destinations, all powered by efficient blockchain technology for enhanced transparency in investment processes. In contrast to the complexities of numerous cryptocurrencies, TradeTogether is a beacon of reliability and efficiency, catering to the streamlined needs of modern investors.