Brava, a startup fintech based in London, has launched a stable coin management platform designed to help institutional investors, wealth managers and people with a high net worth manage their stable coin holdings efficiently. The system automatically identifies the most competitive and suitable yields for investors.
The company has secured a seven-figure investment from a combination of European family offices (including a prominent German family office) and important Silicon Valley investors. Initially, Brava will focus on optimizing the returns of the three largest stablecoins (USDC, USDT and DAI), which together represent approximately 85% of the stablecoin market.
Over the course of the year, Brava plans to expand its offering to stable coins linked to other currencies, including new stable coins from industry giants such as PayPal and Deutsche Bank.
Brava was founded by Graham Cooke, an experienced entrepreneur who previously founded Qubit, a retail electronic commerce provider that sold to Coveo Solutions for $50 million in 2021. It also played a key role in the IPO of the merged company in the Bolsa de Valores de Toronto. Previously in his career, Cooke was one of the first employees of Google Europe, and contributed to the development of Google Analytics and Google AdWords. He currently works as a non-executive director at ITV PLC and RWS Group.
“Managing the tenancies and maximizing the returns is still a complex for institutional investors, so solutions like Brava are essential to release all the potential of the sector”, said Cooke.
At launch, Brava will provide access to 10 important investment funds, including AAVE, Fluid, Compound, Morpho and DAI Savings Rate. By the end of the year, their objective is to integrate more than 100 income funds denominated in stable currencies in the main blockchain networks.
Para mejorar la seguridad, Brava también ofrece protection de cobertura de hasta mil miliones de dolares través del provider de cobertura de cryptomonedas Nexus Mutual.
