The ZAR Savings Token (ZAR-ST) is an investment vehicle designed to offer ZAR-linked returns targeting the repo rate minus 0.25%, in a digital asset format. It's backed by bank deposit-audited reserves.
ZAR-ST
~8% APY
Available on
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Eligibility
Open to all customers of the issuing entity and Rainfin users.
This product is only offered globally.
Underlying Assets
Tier 1 Bank Deposits.
ZAR-ST is backed by ZAR held in a tier 1 bank deposit account.
Transferability
Freely Transferable.
After depositing ZAR funds a user will receive their ZARx token in their wallet, the ZARx token can be used to swap for the ZAR-ST Token. Users can deposit one of two ways:
Instant EFT - Immediately available
EFT - 2 to 3 Business days
The ZAR-ST token is immediately available to transfer once received.
Liquidity
On-Demand
Token Issuer
Rainfin.
RainFin is a licensed financial services provider that creates innovative financial services and offerings including peer-to-peer trading and credit marketplaces as well as tokenised financial instruments.
Legal Structure
En Commandite Partnership.
ZAR-ST is a tokenized bank deposit interest-bearing token issued by RainFin Pty Ltd.
Use Cases
Purchasing Yield Tokens.
ZAR-ST is a high yield repo linked token earning repo less 0.25%. ZAR-ST tokens can be swapped for other tokens on the platform.
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