The crypto platform SPPYNS was born to Brazilian parents in Switzerland. The company announced a new investment, based on BRZ, the first stablecoin backed in reais. The investment with BRZ is the result of a partnership with cryptocurrency manager Mercurius Crypto. Thus, people from different countries may have a less volatile option when investing.
The investment is made through the Mercurius Brazil Fund and uses BRZ as a reference to ensure good performance and profitability, as Cointelegraph explains. In addition, the fund uses technical analysis for better decision making. Also according to the website, the annual return on investment is 8.71%. And the minimum contribution required to invest in this product is 6.000,00 BRZ.
Investment with BRZ had little loss, even with the crisis
“This is an innovative project created by talented young people from the crypto finance world, who already present cryptoinvestment strategies and have seen SPPYNS as a way to expand their business, nationally and internationally”, said Eduardo Cavendish, Chief Investment Officer of SPPYNS, in reference to BRZ, according to CoinTelegraph.
Cavendish also highlighted two characteristics of this investment product. First, “the low correlation with any asset in the market”, which makes the fund therefore “a great allocation even in wallets with bitcoins”. Cavendish sees the second feature as even more important, which is its use as a store of value. “Even in times of global crisis or in large negative movements of the Bitcoin, the product has not suffered major losses”, he concluded.
Dollar-backed currency option
The platform also launched SIAS Total Capital Protection. The product is based on USDT, stablecoin backed in dollars. As explained by CoinTelegraph, its focus is on the conservative global investor, which wants to use cryptoassets to protect their capital. The minimum contribution is 2 thousand USDT.
SPPYNS functions as a kind of financial services marketplace. It connects cryptoasset managers to investors. The company operates in Switzerland, where there is the so-called Crypto Valley. The region gained its name thanks to the incentive to the crypto and blockchain sector. In September, Switzerland passed reforms to the law to adapt legislation to these technologies. The hub is located in Zug, a city that, according to Swissnex Brazil, back in 2016 already had bitcoin vending machines at train stations.