Digital wealth platform Syfe launches Cash+ in Hong Kong

It offers 3.5% projected yield per annum, and interest accrued on a daily basis.

Digital wealth platform Syfe has launched the Cash+ portfolio in Hong Kong, its first ever local product since launching in the city in May.

Cash+ consists of money market funds that offer 3.5% projected yield per annum, the Singapore-headquartered platform said in a press release. There are no lock-ins or withdrawal fees, and interest is accrued daily rather than monthly–giving customers the flexibility to choose to withdraw anytime.

Syfe said that Cash+ would keep pace with changing interest rates, meaning that the projected yield updates periodically according to rate hikes.

Cash+ first debuted in 2021 for Singapore customers, and has since remained one of Syfe’s most popular products due to its steady and consistent returns. The Cash+ Singapore portfolio has never had a day of negative returns in the 2022 as of 30 September, the platform said.

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