Earn weekly interest on Pokket with TUSD as collateral

Pokket is the first cryptocurrency deposit service using TUSD as collateral. Pokket currently pays weekly interest on over 30 of the most popular tokens. For every fixed deposit made, Pokket holds 110% of the value in TUSD in a separate cold wallet. This ensures every deposit is secure and the interest is supported.

How does it work?

Pokket works closely with professional trading partners who provide TUSD collateral upfront to back the principal and interest for our users. Our partners apply hedging strategies in the market to extract value from market volatility. Pokket carefully procures partners which have gone through a rigorous vetting process, measuring the performance and skills required to manage derivative positions. Pokket users bear no market risk or operational risk, as the TUSD collateral is prepaid and located in a publicly verifiable Pokket cold wallet. In short, the higher the volatility of a token, the more interest a user can expect to earn.

Quote from TrustToken:

“We are excited to partner with Pokket as they continue to expand the offerings to cryptocurrency holders by building products that mimic those that exist in the traditional currency markets. The annualized interest rates provided are some of the highest in the market and could be great for users.”

Quote from Pokket:

“We are glad to be working with the TrustToken team to support TUSD as the only collateral for Pokket. We have gotten to know some of the team since 2018 and are fans of what they are building. They have one of the largest AUMs, are transparent about their collateral, and are exchange-agnostic. We find that of all the regulated stablecoins, TUSD also has the strongest presence in Asia, which is important since we expect most of our users will come from Asia.”

About TrustToken:

TrustToken is creating a more efficient and inclusive global financial system by digitizing assets that can be seamlessly and securely exchanged across liquid markets worldwide. TrueUSD [TUSD], a stablecoin redeemable 1-for-1 for U.S. dollars and the industry’s pioneer in using third-party trust companies and independent accounting firms, is the first product on TrustToken’s platform. TUSD offers the transparency, liquidity, and redeemability required in the crypto- economy, and it has the most traded of all fully-collateralized and independently validated stablecoins. TUSD is listed on more crypto-exchanges — including Binance, OKEx, DigiFinex, Bittrex, and Huobi — than any other product in its asset class. For more information, visit www.trusttoken.com.

About Pokket:

Pokket is a cryptocurrency fixed deposit service. Interest is paid on tokens users lend at a fixed period of one-week, fully collateralized. After one-week, users will receive their tokens plus interest, or 110% value plus interest in TUSD if the token is priced equal to or more than 110% of the initial price at the start of the one-week vesting period. All funds are protected in cold wallet at all times, and also serve as proof of ability to payout in TUSD when the upper limit is triggered on settlement. Furthermore, Pokket’s every investment and collateral history is fully auditable. The team comprises of several members hailing from JP Morgan, Microsoft, Nomura and other established enterprises. You can learn more at https://pokket.com or email hello@pokket.com for more information.