Altura, founded by ex-Fidelity and PwC staff, launches a new onchain gold arbitrage product for retail investors aiming for 20% annualized returns. Unlike traditional platforms, Altura tokenizes the underlying arbitrage process, facilitating smaller investors' access to sophisticated trading methods. With $4 million funding, the company has already moved approximately 185 kg of gold, totaling around $28.5 million in transactions. Matthew Pinnock, Altura's COO, explains their approach involves recycling capital through short-term physical gold trades, generating income from price discrepancies rather than betting on gold price direction. The company operates through a network of offchain partners, including Inessa and Aurellion Labs, emphasizing security and efficiency in transactions.
This initiative coincides with growing interest in real-world DeFi yields, despite increased risks highlighted by recent reports on market failures and associated user losses.