Brava, a startup based in London, has officially launched a stablecoin management platform designed for hassle-free yield generation.
The platform assists institutional investors, wealth managers, and high-net-worth individuals in optimizing their stablecoin investments by automatically selecting the most attractive and appropriate yield options.
Recently, Brava secured a significant seven-figure investment from various European family offices, including a noteworthy German family office and influential investors from Silicon Valley. Initially, the platform will concentrate on generating yields from the three leading stablecoins—USDC, USDT, and DAI—together representing around 85% of the stablecoin market.
Looking ahead, Brava intends to broaden its portfolio by incorporating stablecoins associated with different currencies and regions during the year, including newly launched stablecoins from major players like PayPal and Deutsche Bank.
The company is led by Founder and CEO Graham Cooke, who previously founded the retail e-commerce company Qubit, which he sold for $50 million to Coveo Solutions in 2021. Cooke also played a key role in taking the combined entity public on the Toronto Stock Exchange in late 2021 and was among the inaugural team members at Google Europe, contributing to the development of Google Analytics and AdWords. He currently serves as a non-executive director at ITV PLC and RWS Group.
Cooke highlights the complexities institutional investors face when managing their assets and maximizing returns, noting that solutions like Brava are vital for fully unlocking the potential of this sector.
At its launch, Brava will tap into ten major investment pools, including AAVE, Fluid, Compound, Morpho, and DAI Savings Rate. Throughout the year, the platform aims to integrate over 100 leading yield pools denominated in stablecoins across all major blockchain networks. Additionally, Brava provides coverage protection of up to $1 billion through partnerships with crypto coverage provider Nexus Mutual.