New York, May 11, 2022-((Business wire)-Yield StreetAn alternative investment platform that has funded more than $ 3 billion in private market opportunities since its inception is launching a cryptocurrency wallet. This is a tool that allows investors to seamlessly convert Bitcoin and Ethereum into flat currencies and invest in Yieldstreet’s products. ..
“Yieldstreet’s cryptocurrency wallet allows you to keep it secure and, most importantly, convert your cryptocurrency quickly. At Yieldstreet, we believe in investors who own Bitcoin or Ethereum.1 -And in the future, some additional cryptocurrencies will need to have the flexibility to deposit them as fiat currencies, and have decided to diversify from crypto and invest in other alternative assets. If so, you don’t have to go to a third party for conversion. “Michael Weisz, founder and president of Yieldstreet, said.
Investors who want to deposit Bitcoin or Ethereum on Yieldstreet will create a specific cryptocurrency wallet and use the address of the Yieldstreet wallet to fund from other exchanges or personal cryptocurrency, which is a widely used industry protocol. Can be transferred. Currencies are stored in a secure account managed by custodians.
Wallets can be used to invest in Yieldstreet’s products across a variety of alternative asset classes, including exposure opportunities to digital assets through third-party funding. Subject to the approval of the investment request, Yieldstreet will be automatically converted to US dollars through a trusted third party.
About Yield street
Yieldstreet is rethinking how wealth is generated by providing access to alternative investments that were previously reserved only for institutional investors and HNWIs. Yieldstreet’s mission is to help millions of people generate $ 3 billion in revenue outside the traditional public market by 2025. The award-winning technology platform provides access to investment products across various asset classes such as real estate, commerce, consumers, arts and legal affairs Finance, Venture Capital and Private Equity. Since its inception in 2015, Yieldstreet has been committed to making financial products more comprehensive by funding over $ 3 billion in investments and creating a modern investment portfolio. Headquartered in New York City and with offices in Brazil, Greece and Malta, the company is backed by a major venture capital firm.Participate in the exercise at www.yieldstreet.com..
1 As of November 2021, Bitcoin and Ethereum together make up 70% of the cryptocurrency market.
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