Altura, a DeFi protocol led by former Fidelity and PwC staff, is pitching retail investors an onchain gold arbitrage vault targeting 20% yields as bullion trades near record highs.
Altura, a decentralized finance protocol founded by former Fidelity and PwC staff is launching an onchain gold arbitrage strategy aimed at retail investors, targeting 20% annualized returns, according to a Thursday release shared with Cointelegraph.
According to Altura, the product pools user deposits into a vault that recycles capital through short-duration physical gold trades. Unlike platforms like Robinhood or Revolut that offer passive gold price exposure, Altura claims to be tokenizing the underlying arbitrage process itself.
The company says it has raised $4 million in funding and has already facilitated the movement of about 185 kilograms of gold, representing roughly $28.5 million in cumulative transaction volume, per the release.
