New York Based Versara Trade Releases New Wallet Designed Specifically For Investors
Most crypto companies are targeting institutional investors right now. Highly specialized tools and platforms are being developed to cater to the needs of institutional investors.
Versara Trade, the New York-based company that has been at the forefront of the marriage between blockchain and fiat lending, is releasing a new wallet designed for investors. The company entitles itself as
“the world’s first trade finance platform built on blockchain to facilitate crypto credit enhancement on trade finance transactions.”
The Versara Trade wallet is the first wallet of this type, the company claims. It offers users the possibility to invest in multiple markets that offer high returns. As expected, just like most wallets, users are provided with the possibility of sending and receiving digital assets conveniently.
Users will also be able to send and receive digital assets quickly with just a single click. Rather than limiting users, Versara seeks to bring together the digital asset community and link them with traditional fiat lenders.
Sean Liu, the founder and CEO of Versara, explains:
“There are hundreds if not thousands of crypto wallets in the market right now. But only a dozen of them let the users invest their crypto assets right inside the wallet. Even for those who do provide investment products in their wallets, due to the constraints on their market capacity, you’ll usually find the supply of those products is so limited that you can hardly get a chance to buy into them. We’ll never run out of supply of our investment products. Therefore, Versara Wallet will actually be the first wallet that is capable of generating returns for all its users.”
The development team is focused on building a crypto wallet that acts more like an investment account. That means creating it with the ability to handle multiple types of investment products, starting with trade finance investment opportunities. Versara Trade also wants the wallet to be able to leverage crypto collateral financing.
The company has plans to continue its efforts to change the cryptocurrency space in two major ways. The first is to build a secure and easy to use crypto wallet. While the second focus for the company is to utilize the team’s background in banking and trade finance to become the world’s first trade finance platform.