The digital asset management company DAIM has started a treasury management program.
DAIM’s corporate treasury management program will increase cash returns held in treasury and could help companies achieve up to 8 percent return on over-secured credit facilities with overnight maturities of up to 12 months.
As the dollar’s purchasing power declines due to the Federal Reserve’s money printing, converting dollars to stable coins brings returns and preserves capital, says DAIM.
The digital asset space is a newer asset class that eliminates the middlemen in the traditional banking system and instead brings more returns to the account holder.
USD will be transferred to a qualified digital asset custodian such as DAIM. These dollars are exchanged for a stable coin, a class of cryptocurrencies that offer price stability and are backed by a reserve value. The stable coins are brought into a loan program. On request or at the end of the term, capital and interest can be exchanged and returned to the source bank.
According to DAIM, all borrowers and counterparties are thoroughly screened through extensive credit checks, collateral management, asset and liability reviews, and quantitative and qualitative risk analysis.
This process has resulted in zero defaults and consistently high credit scores, and these trusted institutional and corporate borrowers provide between 100% and 200% collateral, the digital asset management firm claims.
