Carret expands its fixed-income investment product to institutional investors

livemint.com:

Crypto investment platform Carret said it has expanded its fixed-income investment product to institutional investors in India. 

The Bengaluru-based company, founded by Neha Kumari (alumna of IIT BHU) and Shuja Hussain (alumnus of IIM Ahmedabad), allows crypto investors to earn high interest on their crypto holdings and trade over 100 cryptocurrencies. 

Carret claims that its flagship product 24Carret, which is a high-yield crypto savings account, provides an annual percentage return of up to 17%. “Carret spreads its crypto assets across various institutional borrowers, protocol-level staking, and the DeFi network to mitigate risk and generate return," the company said in its statement. 

24Carret was so far geared toward retail investors and has been extended to institutions with the launch of “Private Client Services" to facilitate their investments in crypto assets which has all the benefits of 24Carret with additional personalization for the institutions. 

“Carret now enables institutional investors to customize their portfolios based on their risk tolerance and investment needs through the Private Client Service. Carret is the first to offer a customizable fixed-income product to institutions in India. This product targets HNIs, UHNIs, family-owned businesses, and institutional investors to get a customized fixed-income crypto product to meet their financial goals. Currently, retail customers have access to the default interest rates, which serves them well as it removes any complexity and makes it easier for them to invest and grow their wealth. However, the institutions need investment solutions tailored to their needs. With the Private Client Service, institutions have the flexibility of customizing the duration