Announcing Compound Treasury, for Businesses & Institutions

Calvin Liu
Jun 28 · 3 min read

Over the years the Compound protocol has been used by hundreds of thousands of DeFi users to safely earn attractive interest rates on over $120 billion of crypto assets. Through market volatility both upward and downward the protocol has performed flawlessly, and is a pillar of the DeFi ecosystem — a reliable source of high yield and deep liquidity.

The mission of Compound Labs, the company that built the protocol and handed it over to the community, is to build products and services that expand the Compound protocol’s functionality, and enable more users to access that functionality. For example, Gateway takes the Compound protocol multi-chain.

Today, we’re proud to announce Compound Treasury, designed for non-crypto native businesses and financial institutions to access the benefits of the Compound protocol.

High-Yield Interest Powered by USDC

Working with Fireblocks and Circle, Compound Treasury has built a product and flow-of-funds that enables Neobanks, Fintech startups, and other large holders of U.S. Dollars to access the interest rates available in the USDC market of the Compound protocol, while abstracting away protocol-related complexity including private key management, crypto-to-fiat conversion, and interest rate volatility. The customer experience is simple:

  • Wire U.S. Dollars to your Compound Treasury Account, and begin earning a guaranteed, fixed interest rate of 4% per year — orders of magnitude higher than the average U.S. Dollar Savings Account.
  • Fund and withdraw from your account anytime, with a 24-hour turnaround.
  • Low minimums, no maximums, and no fixed terms or durations.
  • Detailed, auditable balance statements available monthly and on-demand.

The Future of Fintech

“As a fintech focused on building inspirational and motivational products, we’re constantly looking for more ways to deliver even more value back to our members. Working with Compound Treasury, we’ll be able to give our members access to the protocol’s interest rates through a simple and unified experience that can enable even more people to improve their financial outcomes.”

— Trevor Marshall, Chief Technology Officer, Current

Compound Treasury has been built to the needs of financial institutions, following many months of customer and regulatory compliance research. We’ve begun onboarding customers, and plan to expand access to Treasury Accounts significantly over the coming months.

Our vision is that Compound Treasury becomes the bridge for non-crypto financial institutions to deliver the core benefits of DeFi to the next billion users, and we are extremely excited to work with our customers to navigate this enormous opportunity.

If you are a U.S. Dollar-centric financial institution interested in secure, flexible access to fixed high-yield interest rates, either for your own benefit or the benefit of your end users, learn more on the Compound Treasury website, and contact us at treasury@compound.finance. We’re looking forward to meeting you.

Compound

Compound is an algorithmic, autonomous interest rate protocol built for developers.