The Future of Wealth Management: How Carret is Revolutionizing the Way We Invest in Cryptocurrencies
Carret is an innovative crypto investment platform that enables users to invest in cryptocurrency with ease. It is designed to provide a secure and efficient way for individuals to compund their investments in crypto asset. The platform is tailored to meet the needs of investors, offering a range of features to help them make informed decisions and maximize their returns.
The company was founded by Neha Kumari alumni of IIT BHU and Shuja Hussain alumni of IIM Ahmedabad. It allows customers to trade over 100 cryptocurrencies and offers high-interest rates on crypto investments.
With the creation of the Bitcoin blockchain in 2009, cryptocurrency became a new asset class. The main advantage of Bitcoin and most other cryptocurrencies based on blockchain technology is the absence of a centralized authority, payment processor, or company owner. The term “digital gold” is often used to describe Bitcoin by its supporters.
The best way to earn stable interest from crypto holdings is to diversify one’s portfolio among various platforms to minimize risk and maximize earnings in the long term. Cryptocurrency staking allows people to generate passive income from their assets. The higher the amount of cryptocurrency staked in the high-yield crypto account, the greater the potential rewards. Investing in crypto assets is a great way to create wealth over the long run.
The startup’s flagship product, 24Carret, promises an annual percentage return of up to 17%. With 24Carret, India’s first crypto high yield account, you can earn beyond just buying and selling crypto crypto. Users can earn passive income on assets regardless of market conditions by using this yield-bearing account through their app available on both the app store and play store.
Carret supports more than 100 cryptocurrencies through an easy-to-use interface. Coins and tokens have transparent and competitive fees on the market, with the ability to track accrued interest. The app is highly recommended to anyone interested in investing in crypto as a form of alternative investment. As of now, the platform offers interest rates of 8% for Bitcoin, 9% for Ethereum, and 17% for both USDC & USDT.
Carret generates the return by diversifying deposited crypto assets across various institutional borrowers, protocol level staking, and DeFi ecosystem to maximise returns while minimising risk. The team carefully selects institutional borrowers after thoroughly screening them to lend out crypto assets to generate a yield. To eliminate the risk of default, Carret’s expert team constantly monitors risk and actively manages the pool of diversified funds.
The company recently received an undisclosed amount of pre-seed capital from Polygon cofounder Sandeep Nailwal, former BlackRock executive Yan Wu, and Amesten Capital. Over the next six months, the company plans to use the funds to build a strong team, develop new products, and expand its reach to new markets. Additionally, Carret will use the funds to invest in marketing and branding initiatives to increase its visibility and reach.
Carret is designed to tackle the three major challenges that consumers face when embracing crypto assets: the risk of losses due to price volatility, the complexity of investing in cutting-edge DeFi protocols, and the absence of a user-friendly mobile app. The platform provides a secure, easy-to-use solution that helps users manage their investments and protect their funds from market fluctuations. Additionally, their intuitive mobile app makes it simple for users to access and manage their investments on the go.
After their flagship 24Carret product, Carret has a new thing in its basket for all institutional investors. Carret is now launching Private Client Services for institutional investors to invest in cryptocurrencies. Carret’s Private Client Services team is comprised of experienced professionals with deep knowledge of the cryptocurrency markets and the technology behind them. The team is committed to providing clients with the highest level of service and support.
