Truflation Partners with Sphinx to Power Perpetuals for RWAs with Real-Time Data
Truflation, the prominent reference point for real-world assets (RWA) indices, has partnered with Sphinx, one of the leading derivatives trading platforms. Through this partnership, consumers will benefit more from the combination of Truflations real-time inflation data and Sphinxs blockchain-based commodities trading platform.
This alliance aims to leverage the increasing demand for contemporary commodities such as silicon, lithium, and renewable energy credits, as well as electric vehicles (EVs). Truflations real-time data will be used to facilitate trading via futures, options, and perpetual swaps.
Stefan Rust, CEO of Truflation stated:
Truflation has been leading the way developing cutting edge indices such as the Truflation EV Index, which tracks the prices of key commodities, providing key insights into production and supply dynamics of the EV market, and a reliable benchmark for tracking essential component price movements .
Greg Perrin, CEO of Sphinx stated:
Our partnership with Truflation will enable Sphinx to offer derivatives trading for a broad set of in-demand assets to propel the energy industry forward. The fusion of Truflations data indices with the Sphinx trading infrastructure will create new opportunities for speculators and hedgers across the trading ecosystem.
On October 9th at 17:30 CET, we will be hosting an AMA on X to interact with both communities and go further into the cooperation.
Details are available at x.com/i/spaces/1nAJEpDqEbYGL.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
