Brava, a London-based startup, has launched an automated stablecoin management system designed for efficient yield generation.
The platform allows institutional investors, wealth managers, and high-net-worth individuals to manage their stablecoin portfolios by automatically identifying the most attractive and suitable yields.
Brava has successfully secured a seven-figure investment from various European family offices, including a notable German family office, as well as significant investors from Silicon Valley. Its primary focus is to facilitate yield earnings on major stablecoins like USDC, USDT, and DAI, which together represent approximately 85% of the stablecoin market.
Looking ahead, Brava aims to expand its offerings to include stablecoins linked to other currencies and regions, with plans to incorporate new stablecoins from established companies like PayPal and Deutsche Bank within the year.
Founder and CEO Graham Cooke, who previously launched and sold the retail e-commerce provider Qubit for $50 million to Coveo Solutions in 2021, has significant experience in the tech industry. He was part of the team that took the combined company public on the Toronto Stock Exchange and was one of the earliest employees at Google Europe, contributing to the development of Google Analytics and Google AdWords. Cooke also serves as a non-executive director at ITV PLC and RWS Group.
Cooke emphasizes the challenges faced by institutional investors in managing holdings and maximizing yields, highlighting the necessity for innovative solutions like Brava to fully unlock the potential of the sector.
Initially, Brava will tap into 10 major investment pools, including AAVE, Fluid, Compound, Morpho, and the DAI Savings Rate. Over the course of the year, the company plans to integrate more than 100 leading yield pools denominated in stablecoins across all major blockchain networks.
Additionally, Brava provides coverage protection of up to $1 billion through its partnership with crypto coverage provider Nexus Mutual.