Truflation, a renowned provider of real-world asset (RWA) indices, has recently formed a strategic partnership with Sphinx, a leading derivatives trading platform. This collaboration aims to enhance both platforms by combining Sphinx’s blockchain-based commodities trading infrastructure with Truflation’s real-time inflation data.
The partnership holds particular significance in the realm of commodities trading, especially in key sectors like lithium, silicon, and renewable energy credits, which play vital roles in industries such as Electric Vehicles (EVs) and renewable energy. Through this collaboration, users will have access to trading in futures, options, and perpetual swaps, leveraging Truflation’s real-time inflation rates. Truflation’s commitment to providing accurate and transparent indices, such as the Truflation EV Index, which covers essential commodities in the electric vehicle market, will offer valuable insights into production, supply chain dynamics, and price fluctuations.
Stefan Rust, CEO of Truflation, emphasized the partnership’s significance in offering speculators and hedgers new opportunities to engage with attractive assets, particularly in the energy sector. He highlighted how Truflation’s data indices will contribute to the future growth of the energy industry.
Greg Perrin, CEO of Sphinx, also lauded the partnership for expanding the range of assets available for derivatives trading on the platform. The integration of Truflation’s real-time data and Sphinx’s trading infrastructure is expected to unlock innovative trading opportunities.
To commemorate the partnership, both companies will host an Ask Me Anything (AMA) session on X (formerly Twitter) on October 9th at 17:30 CET, providing more insights into the collaboration and engaging with their respective communities. This partnership underscores the firms’ commitment to leveraging Decentralized Financial data and innovative trading solutions to meet the evolving demands in the energy and commodities sectors.
Truflation is a leading provider of real-time financial data for decentralized applications, collaborating with over 80 data suppliers and offering a vast database of more than 20 million items. Meanwhile, Sphinx is revolutionizing energy derivatives trading by combining institutional execution speed with blockchain technology.
This exciting partnership between Truflation and Sphinx promises to bring new opportunities and insights to the commodities trading landscape, empowering users with real-time data and innovative trading solutions. Stay tuned for more updates on this dynamic collaboration.