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Neutrl Raises $5M to Tokenize a Popular Hedge Fund Altcoin Trade

The protocol's NUSD token generates yield by arbitraging locked altcoins, a $10 billion private market, Neutrl co-founder Behrin Naidoo said in an interview.

By Krisztian Sandor|Edited by Stephen Alpher

Updated Apr 16, 2025, 8:21 p.m. Published Apr 16, 2025, 3:10 p.m.

U.S. dollar (Unsplash, modified by CoinDesk) — Neutrl's synthetic dollar aims to capture a yield on discounted altcoins (Unsplash, modified by CoinDesk)