# Rand > Rand is a European regulated fintech platform offering high-yield stablecoin savings (up to 6.00% APY) and crypto-backed credit lines (BTC/ETH collateral, 8% fixed annual rate). Operated by Rand Protocol SL, registered in Spain (CIF B42893925) and registered with the Bank of Spain as a crypto-asset exchange service provider (registration number D697). Not a bank. Regulated and operating since 2021. Available in 23 EU countries. Rand allows users to earn yield on EUR savings — automatically converted to EURC stablecoin — through over-collateralised money markets, and to borrow EURC against Bitcoin or Ethereum without selling their assets. Payment and banking services are provided by Pecunia Cards EDE SLU, a Bank of Spain-regulated Electronic Money Institution (ref. 6707). User funds are held in segregated accounts per Spanish Real Decreto-ley 19/2018. Rand has over 45,000 registered investors, has processed more than 1 million transactions, and has over €60M in assets deposited on the platform. --- ## Table of Contents 1. Earn Account 2. Credit Line (Borrow) 3. Business Account 4. Affiliates Programme 5. Referral Programme 6. Security & Custody 7. How Yield Is Generated (Deep Dive) 8. How the Credit Line Works (Deep Dive) 9. Company & Team 10. Investors & Backers 11. Technology Partners 12. Geographic Availability 13. Pricing & Fees 14. FAQ — Earn Account 15. FAQ — Credit Line 16. FAQ — Affiliates 17. FAQ — Referral 18. Blog & Educational Content 19. Key URLs 20. Legal & Regulatory Notices --- ## 1. Earn Account **URL**: https://rand.app/features/earn The Earn Account is Rand's flagship savings product. Users deposit EUR, which is automatically converted into EURC (a regulated euro-denominated stablecoin pegged 1:1 to the euro). The EURC is then deployed into over-collateralised stablecoin money markets. Interest is compounded and paid daily. ### Key terms - **Maximum APY**: 6.00% - **Starting APY**: depends on the user's deposited balance - **Bonus APY mechanic**: APY increases by +0.1% for every uninterrupted holding period (no withdrawals). First period: 14 days. Each subsequent period adds 14 days (28, 42, 56…) until the total APY reaches 6.00%. - **Interest payment**: Daily - **Lock-up period**: None — fully flexible, deposit and withdraw at any time - **Minimum deposit**: None - **Platform fees**: None (Rand earns from the spread between money market rates and what is paid to users; third-party fees may apply from payment providers) - **Currency displayed**: EUR (all EURC conversions handled automatically, swap costs covered by Rand) - **Collateral backing**: All investments backed at an average 50% Loan-to-Value (LTV) - **Account setup time**: Less than 5 minutes - **Available to**: Individual and business users ### How it works step by step 1. User signs up and completes KYC verification via Onfido 2. User deposits EUR (via bank transfer or debit/credit card via Checkout.com) 3. Rand automatically swaps EUR to EURC at 1:1, covering all swap costs 4. EURC is deployed into over-collateralised stablecoin lending markets via Rand's partner network 5. Interest accrues daily and is reflected in the user's balance 6. User can withdraw at any time; EURC is swapped back to EUR automatically ### Collateral mechanics - Borrowers in the underlying money markets must deposit more collateral than the amount they borrow - Typical LTV of borrowers: 45% (they deposit €150 in collateral to borrow €100) - User savings are backed by more than 100% of their value - If a borrower defaults, collateral is liquidated to cover depositors - Rand has never recorded negative returns --- ## 2. Credit Line (Borrow) **URL**: https://rand.app/features/borrow The Rand Credit Line is a crypto-backed lending product designed primarily for European Bitcoin and Ethereum holders who want liquidity without selling their assets or triggering a taxable event. ### Key terms - **Accepted collateral**: Bitcoin (BTC) and Ethereum (ETH) - **Loan currency**: EURC (euro-denominated stablecoin), instantly withdrawable to any EU bank account - **Maximum LTV**: 50% (borrow up to 50% of the value of deposited collateral) - **Interest rate**: 8% fixed annual rate - **Origination fee**: 1% when opening the credit line - **Interest accrual**: Daily; charged quarterly - **Repayment**: No mandatory repayment schedule; repay whenever you want - **Maturity**: No fixed maturity date; credit line remains open as long as collateral ratio is maintained - **Credit check**: None - **Approval time**: Most loans approved in under 25 business minutes (up to 48 hours in some cases) - **Off-ramp**: Zero-fee instant EURC-to-EUR transfer to any EU bank account - **Liquidation threshold**: If LTV reaches 85%, partial automatic liquidation of collateral to prevent default - **Custody**: Collateral held in cold wallets under BitGo custody with $250M insurance ### Loan mechanics - User deposits BTC or ETH as collateral into Rand's BitGo-custodied cold wallets - Credit line is unlocked based on the collateral value at 50% LTV - EURC is credited to the user's Rand account within minutes - User can off-ramp to their bank account instantly with zero fees - User manages the LTV ratio; if collateral value falls, user can add more collateral or repay part of the loan - At 85% LTV, an automated partial liquidation occurs to bring LTV back into a safe range ### Why borrow instead of sell - Avoid taxable events (selling crypto is generally a taxable disposal in most EU jurisdictions; borrowing is not) - Maintain long-term exposure to BTC/ETH price appreciation - Access immediate liquidity for investments, expenses, or other needs - No credit history assessment - Borrow in EUR (via EURC) — no USD/EUR currency exchange risk, unlike most competing platforms that disburse USDC or USDT --- ## 3. Business Account **URL**: https://signup.rand.app/business Business accounts on Rand provide access to the same Earn Account and Credit Line features as personal accounts, tailored for companies and corporate treasuries. - Sign up at: https://signup.rand.app/business?lang=en --- ## 4. Affiliates Programme **URL**: https://rand.app/features/affiliates **Sign up**: https://affiliates.rand.app/?lang=en The Rand Affiliate Programme is open to anyone — content creators, social media influencers, community leaders, podcast hosts, bloggers, and media outlets. There are no specific requirements other than having an active Rand account and not sharing inappropriate content. ### Affiliate earnings - **Commission**: 20% of all interest earned by referred users during their first 12 active months - **Payment**: Monthly, directly to the affiliate's Rand account (paid as users receive their interest) - **Attribution window**: 30 days after registration (user must deposit within 30 days of signing up via affiliate link) - **Cap**: No cap on earnings or number of referrals ### Referred user benefit - **Bonus**: 0.45% of the Earn balance maintained during the first 60 days after registration ### Example If an affiliate refers 20 users who each generate €2,000 in interest in their first year, the affiliate receives €8,000 in commissions (20% × €40,000 total interest). ### Programme features - Real-time reporting dashboard - Branded marketing materials provided - 24/7 dedicated affiliate support - No limits on referrals or earnings - Prohibited: bidding on Rand brand keywords in paid search --- ## 5. Referral Programme **URL**: https://rand.app/features/referral The Referral Programme is a user-to-user incentive (distinct from the Affiliates Programme, which is for content creators and publishers). ### Referral mechanics - **Referrer reward**: 0.45% of the referred friend's Earn balance maintained during the first 60 days - **Referred user reward**: 0.45% of their deposited Earn balance during the first 60 days - **Maximum reward per referral**: Up to €500 per friend - **Referral window**: The referred user must make their first Earn deposit within 30 days of signing up via the referral link - **Eligibility**: The referred user must not have previously had a Rand account - **Tracking**: Available in the "Track Invites" screen within the Rand mobile app - **Reward delivery**: Claimable from the homepage of the app after the 60-day period ends - **No limit**: Unlimited friends can be referred - **Available in**: Almost all EU countries --- ## 6. Security & Custody **URL**: https://rand.app/company/security ### Custody infrastructure - **Earn Account assets** — Shared custody between Copper.co and BitGo - Combined insurance of up to $500M (Copper, placed in Lloyd's of London market) - **Credit Line collateral (BTC/ETH)** — Held in cold wallets under BitGo custody - Insurance of up to $250M - **Wallet infrastructure** — Fireblocks (for crypto deposit/withdrawal flows) ### Regulatory compliance - Registered with the **Bank of Spain** as crypto-asset exchange service provider: **registration number D697** - Verify at: https://app.bde.es/rbe_spa/#/buscador - Banking/payment services partner: **Pecunia Cards EDE SLU** (Bank of Spain EMI, ref. 6707) - User EUR funds held in segregated accounts per Spanish Real Decreto-ley 19/2018 - AML compliance advisory: **ATH21** (from inception) - Blockchain transaction monitoring / AML screening: **Chainalysis** (prevents deposits from sanctioned or illicit wallets) - KYC/identity verification: **Onfido** (AI-assisted document validation for seamless onboarding) ### Account security features (user-level) - Biometric verification (Touch ID / Face ID) - Two-factor authentication (2FA) for sensitive actions (withdrawals) - Withdrawal whitelisting (transfers only to pre-approved addresses) ### Infrastructure - Cloud: **Microsoft Azure** - Card payments: **Checkout.com** --- ## 7. How Yield Is Generated (Deep Dive) **Source article**: https://blog.rand.app/article/how-does-rand-generate-yield The 6.00% APY offered by the Earn Account comes from deploying user funds into over-collateralised stablecoin money markets through Rand's network of partners. ### Mechanism 1. User deposits EUR → Rand converts to EURC (1:1, costs covered by Rand) 2. EURC is deployed into stablecoin lending markets where borrowers pay interest to access liquidity 3. Interest is compounded daily and returned to depositors ### Why over-collateralisation matters - Borrowers in these markets must deposit more collateral than the amount they borrow - Typical structure: borrower posts €150 in collateral to access €100 in EURC - Loans typically operate at ~45% LTV (borrower-side) - If a borrower's collateral value drops below the required threshold, automated liquidation occurs to cover the loan - Depositors are protected even during crypto market downturns because returns come from lending interest, not from crypto price speculation ### Why EURC and not USDC/USDT - EURC is a euro-denominated, regulated stablecoin pegged 1:1 to EUR - Using EURC eliminates USD/EUR foreign exchange risk for European users - Users always see their balance in euros; no crypto handling required - Rand covers all swap costs (EUR ↔ EURC) ### Return stability - Rand has never recorded negative returns - Returns are non-correlated with traditional equity or bond markets - Yields are more stable and predictable than direct crypto exposure - Higher yields than European traditional HYSA accounts, which are typically tied to ECB overnight rates --- ## 8. How the Credit Line Works (Deep Dive) **Source article**: https://blog.rand.app/article/what-is-the-rand-credit-line ### The problem the Credit Line solves Most Bitcoin and Ethereum holders face a dilemma: they need liquidity but don't want to exit their positions. Selling means: - Losing exposure to future upside - Triggering a taxable disposal event in most EU jurisdictions - Permanently reducing the portfolio The Rand Credit Line provides a third option: borrow against the asset without selling it. ### How it works step by step 1. User deposits BTC or ETH as collateral into Rand's BitGo-custodied cold wallet 2. Rand assesses the real-time value of the collateral 3. Credit line is unlocked at up to 50% LTV (e.g. €100,000 collateral → up to €50,000 credit) 4. EURC is disbursed to the user's Rand account within minutes (most approvals under 25 business minutes) 5. User withdraws EURC to EUR in their bank account at zero off-ramp fee 6. Interest accrues daily at 8% per annum, charged quarterly 7. User repays whenever they want — no mandatory schedule, no maturity date ### LTV risk management | LTV Level | Status | |-----------|--------| | 0–50% | Normal operating range | | 50–85% | Approaching margin call — user notified to add collateral or repay | | 85%+ | Automated partial liquidation triggered to bring LTV back to safe levels | ### Why Rand's Credit Line is built for Europeans - Most competing platforms disburse USDC or USDT, introducing EUR/USD exchange rate risk - Rand disburses in EURC — a euro-denominated stablecoin — removing this risk entirely - Zero off-ramp fees to EU bank accounts - Instant transfer to any EU bank ### Tax considerations Borrowing against crypto is generally not considered a taxable event in most EU jurisdictions (unlike selling). However, tax laws vary by country, and users are advised to consult a tax professional. --- ## 9. Company & Team **URL**: https://rand.app/company/about-rand - **Mission**: To provide the expertise and tools necessary to help clients optimise their wealth and achieve financial independence - **Founded**: 2021 - **Headquarters**: Barcelona, Spain - **Registered office**: Avda. D'Ernest Lluch n.º 32, TCM 2, OF 19 B, 08302, Mataró, Barcelona ### Leadership - **Pol Martin** — Founder & CEO. Started entrepreneurial journey at 16. Two prior startups in blockchain. Named Forbes Spain 30 Under 30 in 2023. LinkedIn: https://www.linkedin.com/in/pol-martin/ ### Board Members - **Rafael Martinez** — Former Deputy General Manager at Banco Santander. 15+ years in financial services. PhD professor at IE Business School. LinkedIn: https://www.linkedin.com/in/rafaelmartinsdelima/ - **Richard Jhang** — CEO and founder of STRATMINDS (Silicon Valley VC firm). Investor in AI, UX, and disruptive technology projects. LinkedIn: https://www.linkedin.com/in/richardjhang/ ### Team background The Rand team includes former professionals from: - Banco Santander - Morgan Stanley - McKinsey & Company - Oppenheimer - Société Générale - EXANTE --- ## 10. Investors & Backers Rand has received investment from: - **Telefónica** (strategic) - **Inveready** (Spanish VC) - **JME Ventures** (Spanish VC) - **STRATMINDS** (Silicon Valley VC) - **Primal Capital** - **Farside** --- ## 11. Technology Partners | Partner | Role | |---------|------| | **Copper.co** | Institutional custody and insurance (up to $500M, Lloyd's of London) | | **BitGo** | Institutional cold wallet custody for Credit Line collateral ($250M insurance) | | **Fireblocks** | Wallet infrastructure for crypto deposit/withdrawal | | **Chainalysis** | AML/KYT blockchain monitoring and sanctions screening | | **Onfido** | AI-powered KYC identity verification | | **Pecunia Cards EDE SLU (PecunPay)** | Electronic money and payment services (Bank of Spain EMI, ref. 6707) | | **Checkout.com** | Card deposit processing | | **Kiln** | Staking infrastructure (Paris-based, 2B+ in staking assets, slashing insurance) | | **ATH21** | AML compliance advisory (since inception) | | **Microsoft Azure** | Cloud infrastructure | --- ## 12. Geographic Availability Rand is currently available in the following 23 European countries: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden. Rand is continually working to expand to additional countries. --- ## 13. Pricing & Fees ### Earn Account - **Platform fee**: Free (no user fees). Rand earns via a spread on money market yields. - **Third-party fees**: May apply from payment provider (Pecunia Cards) for certain transactions - **Lock-up**: None - **Minimum**: None - **Swap costs (EUR ↔ EURC)**: Covered by Rand ### Credit Line - **Interest rate**: 8% fixed per annum - **Origination fee**: 1% on credit line opening - **Interest charging frequency**: Quarterly - **Off-ramp fee** (EURC to EUR bank transfer): Zero - **No repayment schedule**, no fixed maturity ### Affiliates & Referral - Free to join - Commissions and bonuses paid in EURC to the user's Rand account --- ## 14. FAQ — Earn Account **Q: Where does the yield come from?** Interest is earned by deploying funds into over-collateralised stablecoin money markets through Rand's partner network. Unlike traditional savings accounts, interest is compounded every day. Borrowers on these markets are required to deposit more than they borrow, so savings are backed by more than 100% of their value. **Q: Is the Earn Account completely flexible?** Yes. No lock-up periods. Deposit and withdraw whenever you want. **Q: Can my return be negative if the market crashes?** Rand has never had negative returns. All lending markets are over-collateralised. Returns come from lending interest, not from crypto price speculation. **Q: Why would I use Rand instead of a traditional HYSA?** Traditional European HYSAs typically track ECB overnight rates, which are modest. Rand provides access to stablecoin money markets with significantly higher, non-correlated yields — without requiring direct crypto exposure. **Q: How much does Rand cost?** Rand is free to use. No minimums, no lock-up periods, no user fees. Third-party fees may apply from payment providers. **Q: Is investment into the Earn Account considered a bank deposit?** No. Stablecoin money markets are not securities or bank deposits. This is not a regulated investment activity in all jurisdictions. --- ## 15. FAQ — Credit Line **Q: How does the Rand Credit Line work?** Unlike traditional loans, Rand does not check credit scores. BTC or ETH is deposited as collateral, unlocking a credit line at up to 50% LTV. Funds are disbursed as EURC and can be transferred to a bank account instantly. **Q: How quickly do I get my funds?** Most approvals take under 25 business minutes. Bank transfers typically arrive within 1–2 business days. **Q: What if the value of my collateral drops?** If the collateral value falls, the LTV ratio rises. Rand will notify users in advance if action is needed. At 85% LTV, partial automated liquidation occurs to protect the loan. **Q: What are the loan terms?** No fixed terms. 8% annual fixed rate. Repay whenever you want. **Q: Will I pay taxes if I borrow?** Borrowing against crypto is generally not a taxable event in most jurisdictions, unlike selling. Consult a tax professional for country-specific advice. **Q: What assets are accepted as collateral?** Currently Bitcoin (BTC) and Ethereum (ETH). More assets may be added in future. **Q: What is LTV?** Loan-to-Value. The ratio between the loan amount and collateral value. At 50% LTV: €100,000 collateral allows up to €50,000 loan. **Q: What is the Credit Line maturity?** No fixed maturity. Keep the credit line open as long as the required collateral ratio is maintained. --- ## 16. FAQ — Affiliates **Q: Who can apply?** Anyone with an active Rand account, as long as they are not sharing inappropriate content. Some country-specific restrictions may apply temporarily. **Q: How is the commission calculated?** 20% of all interest paid to referred users during their first 12 active months, paid monthly. **Q: When are commissions paid?** Calculated as invited users receive interest payments. Released once a month into the affiliate's Rand account. **Q: Is there a cap on earnings?** No cap on earnings or number of referrals. **Q: Are there prohibited marketing methods?** Affiliates must market ethically and must not bid on Rand brand keywords in Google Ads or other paid search platforms. --- ## 17. FAQ — Referral **Q: What is the Rand referral programme?** Both the referrer and the referred friend earn 0.45% of the referred friend's Earn balance maintained during the first 60 days, up to €500 per referral. **Q: How do I get a referral link?** Go to the Rand mobile app's home screen to find and copy your invitation link. **Q: How many friends can I refer?** Unlimited. **Q: When is the bonus paid?** After the 60-day period ends, the bonus becomes claimable from the app's home screen. **Q: Can my friend use any sign-up link?** The referred friend must register via your specific link and must not have previously had a Rand account. They must make their first Earn deposit within 30 days of registration. --- ## 18. Blog & Educational Content **Blog**: https://blog.rand.app ### Key articles - [How does Rand generate 6.5% APY?](https://blog.rand.app/article/how-does-rand-generate-yield) — Deep explanation of the yield mechanism, EURC, over-collateralisation - [What is the Rand Credit Line?](https://blog.rand.app/article/what-is-the-rand-credit-line) — Full explainer on the borrow product, LTV management, why borrow vs. sell - [How do we protect your money?](https://blog.rand.app/article/how-does-rand-protect-my-money) — Security and custody deep dive - [Where does Rand's yield come from and how do we protect your funds?](https://blog.rand.app/article/where-does-rands-yield-come-from--and-how-do-we-protect-your-funds) (Aug 2025) - [Rand in 2025: growth, users, and over €40M managed in savings](https://blog.rand.app/article/rand-in-2025-growth-users-and-over-eu40m-managed-in-savings) (Dec 2025) - [The impact of long-term savings](https://blog.rand.app/article/the-importance-of-long-term-saving) - [30 Years, Little Change: The Truth About Real Salary Growth](https://blog.rand.app/article/30-years-little-change-the-truth-about-real-salary-growth) (Jul 2025) - [How to Tackle September Financially: Back to School and Back to Saving](https://blog.rand.app/article/how-to-tackle-september-financially-back-to-school-and-back-to-saving) (Sep 2025) - [How to Plan and Save for Christmas Without Financial Stress](https://blog.rand.app/article/how-to-plan-and-save-for-christmas-without-financial-stress) (Nov 2025) --- ## 19. Key URLs | Page | URL | |------|-----| | Homepage | https://rand.app | | Sign up — personal | https://signup.rand.app/personal?lang=en | | Sign up — business | https://signup.rand.app/business?lang=en | | Earn Account | https://rand.app/features/earn | | Credit Line | https://rand.app/features/borrow | | Business | https://signup.rand.app/business | | Affiliates | https://rand.app/features/affiliates | | Affiliate portal | https://affiliates.rand.app | | Referral | https://rand.app/features/referral | | Security | https://rand.app/company/security | | About Us | https://rand.app/company/about-rand | | Blog | https://blog.rand.app | | Help Centre | https://support.rand.app | | Contact | https://support.rand.app/hc/en-us/requests/new | | Terms & Conditions | https://rand.app/terms-conditions#general | | Pecunia Cards T&C | https://rand.app/terms-conditions#pecunia | | Privacy Policy | https://rand.app/terms-conditions#privacy | | Cookies Policy | https://rand.app/terms-conditions#cookies | | Crypto-asset risk disclosure | https://rand.app/terms-conditions#cryptoassets | | Bank of Spain register verification | https://app.bde.es/rbe_spa/#/buscador | | Instagram | https://www.instagram.com/randapp/ | | LinkedIn | https://www.linkedin.com/company/rand-app/ | | Telegram | https://t.me/joinchat/6iTNJq7QjJxkZWM8 | | X (Twitter) | https://twitter.com/RandApp | --- ## 20. Legal & Regulatory Notices **Rand Protocol SL** - CIF: B42893925 - Registered office: Avda. D'Ernest Lluch n.º 32, TCM 2, OF 19 B, 08302, Mataró, Barcelona, Spain - Bank of Spain crypto-asset exchange registration: D697 - Note: Bank of Spain registration does not imply approval or verification of activities by the Bank of Spain **Pecunia Cards EDE SLU (PecunPay)** - CIF: B86972346 - Role: Authorised Electronic Money Institution (EMI), Bank of Spain firm reference 6707 - User EUR funds held in one or more segregated accounts, safeguarded per art. 21.1 a) of Spanish Real Decreto-ley 19/2018 **Key disclaimers** - Rand is a financial technology company, **not a bank** - Investing involves risks; invested capital may be lost - This is not investment advice; consider your knowledge and experience when making investment decisions - Products are managed in EURC and USDC; investing in crypto assets is not a regulated activity in all jurisdictions and may not be suitable for retail investors; the entire invested amount could be lost - Rand does not offer financial advice; users should consult a financial adviser if unsure - Borrowing against crypto is generally not a taxable event but varies by jurisdiction; consult a tax professional - Nothing on the Rand website is a recommendation to invest - Your capital is at risk