With the Earn Account, your money can earn up to 6.5% APY easily, but we understand the question we hear most: “How is this yield possible, and is it really safe?” At Rand, we take these concerns very seriously because we believe you should never invest in something you don’t understand. It’s a completely valid concern, so here’s everything you need to know.

Where does the yield come from?

The return comes from money markets in leading stablecoins, where borrowers take loans by leaving more collateral than they borrow.

This is called over-collateralization, and it is the foundation of Earn’s stability.

In practice, this means:

• Borrowers lock more than 100% of the value they borrow
• The markets we use operate with an average LTV of 45%
• If someone borrows €100, they must lock more than €100 in assets as collateral

This system significantly reduces the risk of default and avoids the volatility associated with other crypto products.

Note: Money markets in stablecoins are neither MiFID II securities nor bank deposits.

Why do we use EURC?

Even though we operate in digital asset markets, you always see everything in euros.

To access these regulated markets, funds are automatically converted to EURC, a euro-backed stablecoin regulated under European standards.

• 1 EURC = 1 €
• Your balance is always displayed in EUR
• We cover the swap costs (EUR ⇄ EURC)
• You don’t manage wallets or touch cryptocurrencies

In addition, in the European Union it is a legal requirement to use regulated stablecoins to operate in these markets transparently and in compliance with regulations.

How is my money protected?

Security is one of our top priorities. Here are the main layers protecting your funds:

1. Over-collateralized markets

Your deposits are backed by more value than the borrower receives.
This provides stability even during market stress.

2. Institutional custody with Copper

We work with Copper.co, one of the leading institutional custodians in Europe and worldwide. Copper protects assets for institutions like Barclays and BitGo.

Copper provides:

• Institutional custody using MPC (multi-party computation)
• $500 million insurance, underwritten by Lloyd’s of London
• ISO and SOC 2 certifications
• Infrastructure used by major financial institutions

Important:
Copper is the institutional custodian that protects assets we hold directly under its infrastructure.
Assets assigned to lending partners remain under independent custodians and are not covered by Copper’s insurance policy.

3. Biometric verification

Protect your account with facial recognition or fingerprint.

4. Two-factor authentication (2FA)

Adds an extra layer of security for sensitive actions, like withdrawals.

5. Withdrawal whitelist

You can restrict withdrawals to pre-approved addresses.

Regulatory framework

Registered with the Bank of Spain

Rand is officially registered with the Bank of Spain as:

• A provider of virtual currency to fiat exchange services
• Custody of electronic wallets
  Registration number: D697

This means we comply with:

• Ongoing supervision
• Spanish and European AML/CTF regulations
• High standards of transparency and security

An additional guarantee of trust for you as a user.

Can I have negative returns?

So far, Rand has never had negative returns.

This is possible thanks to:

• Working exclusively with over-collateralized markets
• Ensuring there is always more collateral than the value lent
• Generating returns from lending activity, not speculation

This makes the returns more stable and predictable, even when the crypto market is volatile.

In summary

• Returns come from over-collateralized stablecoin money markets
• Borrowers lock more collateral than they receive
• EURC allows operations within the EU in a regulated and transparent way
• Copper provides custody and institutional-grade infrastructure
• Rand is registered with the Bank of Spain
• Your account is protected with biometrics, 2FA, and a withdrawal whitelist
• You always see your money in euros, without learning anything about crypto

This is how Rand makes your money grow simply, safely, and transparently.

Ready to join? Sign up for free here.
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_{Risk Disclaimer}

_{Like any investment product, this product carries risks.
Although we operate with over-collateralized markets and mechanisms designed to protect depositors, there is always a possibility of partial capital loss due to force majeure. Only invest money that you are willing to put at risk.}‍