Frax

Frax onboards onboard FinresPBC as a reserve custody partner. The corporation’s primary objective is to grant the Frax Protocol entry to secure cash- equivalent assets and yields near Federal Reserve rates. Frax's goal is to benefit from off-chain RWA partner capabilities, including holding US Dollars in FDIC-insured savings accounts, minting, redeeming USDP and USDC, and holding and trading US Treasury Bills, all of which would be subjected to earning yield.