Kraken first to roll out access to STS Digital’s new crypto option structured products
Kraken will be the first platform to integrate STS Digital's new structured products, offering novel yield generation methods using crypto derivatives.Summary
Crypto options provider STS Digital has launched structured products on its investment platform, enabling new ways to generate yield with cryptocurrencies. Kraken is set to be the first platform to integrate these offerings. Structured products are pre-packaged, hybrid investment strategies combining derivatives' earning potential with fixed-income characteristics to create unique payoff profiles, such as principal protected notes or yield enhancement notes.
STS Digital's CEO, Maxime Seiler, explained that these products simplify complex options into defined payout investments. While STS's modular platform allows sophisticated configuration for institutional clients, Kraken's integration will feature a defined subset geared toward retail traders, accessed via API. Kraken quietly began a soft beta launch of this integration in select regions. STS Digital supports over 400 cryptocurrencies and plans to expand to tokenized equities, FX, and commodities. The company, regulated in Bermuda, previously raised $30 million in a funding round led by CMT Digital, with participation from Kraken's parent company, Payward.
(Source：The Block)