- The partnership improves RWA trading by providing real-time economic data.
- Sphinx and Truflation open up new asset classes in DeFi marketplaces.
Truflation, which is known for its innovative real-world asset (RWA) indices, has established a strategic agreement with Sphinx, a renowned derivatives trading platform. This collaboration intends to link Sphinx’s blockchain-based commodities trading infrastructure with Truflation’s real-time inflation data, providing traders with new opportunities in growing markets such as electric vehicles (EVs) and renewable energy.
Sphinx users will be able to trade futures, options, and perpetual swaps based on Truflation’s live inflation rates. One of the partnership’s highlights is the inclusion of the Truflation EV Index, which tracks important commodities such as lithium and silicon that are critical to the EV market. This will provide crucial information on production costs, supplier chains, and price movements, allowing traders to make informed judgments.
Stefan Rust, CEO of Truflation, stressed that the alliance opens up new opportunities for speculators and hedgers, particularly in the energy industry. He discussed how real-time data indexes will drive growth in commodities related to renewable energy and EVs.
Sphinx Advances Trading Opportunities with Truflation Data
Sphinx CEO Greg Perrin hailed the deal, stating that Truflation’s data will allow Sphinx to extend its derivatives asset offerings. The combination of real-time inflation data and blockchain-based trading platforms is likely to create new opportunities in the commodities industry.
In honor of the collaboration, both firms will host an AMA session on October 9th at 17:30 CET to further discuss the idea and engage with respective communities. This collaboration represents a step forward in utilizing decentralized financial data to meet the changing demands of the energy and commodities markets.
Truflation remains a market leader in providing reliable, real-time financial data via its decentralized applications, having access to over 20 million data points. Sphinx, on the other hand, continues to change energy derivatives trading with its unique combination of institutional-grade execution and blockchain transparency.
Truflation also recently introduced the Hedge Index, which covers assets such as gold, silver, crude oil, and Bitcoin. The index protects investors’ portfolios from inflation by offering a diversified strategy. Truflation continues to produce dashboards that measure inflation across multiple nations, providing users with alternative metrics to established indexes such as the Consumer Price Index (CPI).
This collaboration represents the turning point in the merging of traditional banking and blockchain technology, creating new opportunities for DeFi users and investors alike.
