Tesseract Earn Brings DeFi & Yield Products to Crypto Firms

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Tesseract, an EU-based cryptocurrency lending innovator focused on institutional clients, is now welcoming new Earn partners to its renewed offering. Tesseract has been providing credit services to crypto companies since its inception in 2017. One of them includes a white label interest rate account solution. Dubbed Tesseract Earn, it enables crypto companies to provide their clients with a wide range of yield products, such as interest bearing accounts and DeFi yield & staking, to their clients through an API-based solution.

Who is Tesseract Earn for?

The Earn partnership is ideal for cryptocurrency exchanges, entry and exit ramps, wallet providers, and FinTechs looking to expand into the crypto space. Among others, Tesseract has partnered with Coinmotion, a retail exchange focused on the Nordic countries, allowing them since 2018 to become the leader of the Finnish crypto market.

Tesseract Earn attracts more customers and diversifies its revenue

By offering a well-suited set of yield products, crypto companies can attract more clients and reduce the churn rate, as clients with assets deposited in yield products become much stickier. Earn also helps businesses diversify their revenues and minimize the impact of downturns in business activity.

Tesseract powers the crypto credit ecosystem

Tesseract has been active in crypto credit since 2017 and is regulated by the Finnish Financial Supervisory Authority, which allows it to operate globally. In June, he raised a $ 25 million Series A, backed by investors like Augmentum, Coinbase Ventures, Sapphire and Wintermute. Tesseract’s partners include some of the biggest in crypto; it offers custody solutions in cooperation with Copper and is the official credit provider of BitMEX. In addition to partnerships, Tesseract also offers OTC crypto loans and cross-asset margin loans.

Tesseract is the first to bring DeFi solutions to businesses

Tesseract was one of the first companies in Europe to launch a DeFi research and investment team in 2020. Since then, Tesseract has renewed its DeFi product offering, allowing customers of its partners to access various DeFi strategies high yield and staking opportunities.

Easy integration ensures faster time to market

With several Earn partnerships to its credit, Tesseract has mastered the art of taking businesses to the next level. The whole process can be scaled down in just under a month, allowing crypto exchanges and ramps to stay ahead of their competition. To learn more about getting started, you can drop a line to Tesseract on their website.

© 2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

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