CURRENCY DEPOSITS
AVAILABLE TO YOU VIA a SINGLE, EASY TO USE APP.
HOW IT WORKS
Manage all your deposits, foreign or domestic, in a single multi-currency account that offers the best interest rates available in the market. We take away the complexity in opening and managing foreign bank deposits.
STEP 1
Install the app on your phone and complete KYC in your home country, it only takes a few moments.
STEP 2
Connect your external account for deposits and redemptions.
STEP 3
Initiate deposits in one or more supported currencies to start earning interest.
What's under the hood is complex, with varied currency controls, regulations, compliance needs and bank partnerships around the world, but we make it simple and lucrative for you. That's our job.
FEAtURES
Deposits Are Insured
Your deposits are held in accounts in your name with regulated banks based on the deposit currency and benefit from the assurance and safety offered by them. Insurance limits vary by currency/country.
Interest is Paid Daily
The banks credit interests on a daily basis, so you can see your deposit grow.
Deposits Are Transferrable
Deposits can be transferred to other account holders. Country-specific limitations may apply.
Instant Currency Exchange with Low Fees
We leverage both centralized and decentralized liquidity to offer you the best exchange rates with low, flat fees. All transactions are processed instantly.
Withdraw Anytime, No Lock-ins
Funds can be withdrawn to your domestic account at any time. Foreign currency deposits are converted to local currency at the exchange rate prevalent at the time of initiating the withdrawal.
Global KYC
You only need to KYC once to access global deposit accounts. As KYC requirements vary by jurisdiction, you may be required to provide additional information, but we make it easy for you.
DECENTRALIZED TECHNOLOGY
Open, Global Platform
Build on Hedera Hashgraph, an enterprise-grade public blockchain, YieldFX enables global participants (banks, FX providers, 3rd party products,...) to seamlessly integrate with the platform and interoperate with each other.
Transparency and Security
All deposits, bank liabilities, interest commitments, and transactions are recorded on-chain and are publicly verifiable. Account holders must also sign all transaction digitally. This serves as an additional layer of security and protects against both broad cyber-attacks as well as targeted scams.
Increased FX Market Efficiency
Decentralized liquidity, trading and settlement disintermediate the FX market resulting in much lower fees and better exchange rates for customers.
Programmable Deposits
Tokenized deposits are inherently programmable and can be used to enable new products such as digital escrows and multi-party, condition-based, commercial transactions.
