Blockchain Enhances Crypto Financial Access in Latin America with OpenTrade and Littio

Boosting Financial Access in Latin America

OpenTrade and Littio are leveraging blockchain technology to enhance crypto access in Latin America. Littio, a Colombian neobank, has transitioned from Ethereum (ETH) vaults to OpenTrade's real-world asset (RWA)-backed yield vaults known as Yield Pots on the Avalanche (AVAX) blockchain, as disclosed on October 10.

Thanks to OpenTrade's infrastructure, Littio offers savings Pots that are secured by US Treasury Bills, providing users with reliable, dollar-based savings options.

New On-Chain Financial Products

Tokenization creates innovative investment opportunities, particularly in Latin America, where high inflation steers investors towards stable assets. In 2022, this region represented 9.1% of the global crypto market, marking a significant 40% increase from 2021.

• Littio aims to give users easy access to dollar-based savings.
• About 70% of the population lacks access to banking services.
• Yield Pots enable seamless conversion of pesos to USD Coin (USDC).

Transition from Ethereum to Avalanche

Littio is shifting operations from ETH vaults to AVAX, which supports EVM compatibility, speedy transactions, and low costs. Avalanche has shown effectiveness for institutional projects, aligning with Littio's mission of financial inclusivity.

OpenTrade's Yield Pots processed over $80 million in transactions within four months, generating nearly $250,000 in user returns. Morgan Krupetsky, from Ava Labs, praised the initiative, stating how Avalanche's infrastructure can empower underbanked populations.

Accessing OpenTrade’s Services

Users can interact with OpenTrade's USDC/EURC Yield Pots directly via the Littio app.