Truflation, known for its advanced real-world asset (RWA) indices, has entered into a strategic partnership with Sphinx. Sphinx is a leading derivatives trading platform. The collaboration aims to provide added value to both platforms by combining Sphinx’s blockchain-based commodity trading infrastructure with Truflation’s real-time inflation data.
Real-time inflation data drives new derivatives trading in lithium, silicon and EV commodities
This partnership is especially relevant to the increasing needs for raw materials. These include credits for lithium, silicon and renewable energy. These raw materials are very important in sectors such as electric vehicles (EVs) and renewable energy.
In this partnership, users will have access to trade futures, options and perpetual swaps using Truflation’s real-time inflation rates. This is especially true as Truflation remains committed to providing accurate and clear indices such as the Truflation EV Index. The EV Index covers the key commodities related to the electric vehicle market and provides essential information on the production and supply chain, as well as the change in the price of the components.
Stefan Rust, CEO of Truflation, said this partnership will provide speculators and hedgers with new opportunities to deal with attractive assets, especially in the energy sector. Rust also showed how Truflation’s data indices will support the future growth of the energy industry.
Sphinx CEO praises Truflation partnership for expanding asset range
Greg Perrin, CEO of Sphinx, also expressed his appreciation for the partnership as it would allow Sphinx to expand the range of assets for its derivatives trading with popular assets at the company’s fingertips. It is believed that the integration of real-time data from Truflation and Sphinx’s trading infrastructure will unlock new opportunities in the trading space.
In line with the announcement, both companies will host an AMA session on X (formerly Twitter) on October 9 at 5:30 PM CET to share more about the collaboration and continue to reach their communities. The partnership is an indication that the two companies are moving to the next level of leveraging decentralized financial data and new trading solutions to meet emerging demand in the energy and commodities sectors.
Truflation is a leader in providing real-time data for finance in decentralized applications with more than 20 million items and partnerships with more than 80 data providers. At the same time, Sphinx is revolutionizing energy derivatives trading through the perfect blend of institutional execution speed and blockchain openness.