Truflation Partners with Sphinx to Enhance Commodities Trading

Truflation, recognized for its superior real-world asset (RWA) indices, has entered right into a strategic partnership with Sphinx. Sphinx is a number one derivatives buying and selling platform. The collaboration goals to offer added worth to each platforms by combining Sphinx’s blockchain-based commodity buying and selling infrastructure with Truflation’s real-time inflation knowledge.

Actual-time inflation knowledge drives new derivatives buying and selling in lithium, silicon and EV commodities

This partnership is very related to the growing wants for uncooked supplies. These embrace credit for lithium, silicon and renewable vitality. These uncooked supplies are essential in sectors reminiscent of electrical automobiles (EVs) and renewable vitality.

On this partnership, customers can have entry to commerce futures, choices and perpetual swaps utilizing Truflation’s real-time inflation charges. That is very true as Truflation stays dedicated to offering correct and clear indices such because the Truflation EV Index. The EV Index covers the important thing commodities associated to the electrical car market and gives important info on the manufacturing and provide chain, in addition to the change within the value of the elements.

Stefan Rust, CEO of Truflation, stated this partnership will present speculators and hedgers with new alternatives to cope with enticing belongings, particularly within the vitality sector. Rust additionally confirmed how Truflation’s knowledge indices will help the longer term progress of the vitality trade.

Sphinx CEO Applauds Truflation Partnership to Broaden Asset Vary

Greg Perrin, CEO of Sphinx, additionally expressed his appreciation for the partnership as it could enable Sphinx to increase the vary of belongings for its derivatives buying and selling with standard belongings on the firm’s fingertips. It’s believed that the combination of real-time knowledge from Truflation and Sphinx’s buying and selling infrastructure will unlock new alternatives within the buying and selling house.

Consistent with the announcement, each firms will host an AMA session on X (previously Twitter) on October 9 at 5:30 PM to share extra in regards to the partnership and proceed to succeed in their communities. The partnership is a sign that the 2 firms are transferring to the subsequent stage of leveraging decentralized monetary knowledge and new buying and selling options to fulfill rising demand within the vitality and commodities sectors.

Truflation is a frontrunner in offering real-time knowledge for finance in decentralized functions with greater than 20 million gadgets and partnerships with greater than 80 knowledge suppliers. On the identical time, Sphinx is revolutionizing vitality derivatives buying and selling by way of the right mix of institutional execution velocity and blockchain openness.