Rails launches 'Institutional-Grade Vaults' on Stellar network

Rails, a provider of crypto derivatives for institutions, has launched "Institutional-Grade Vaults" on the Stellar (XLM) network, Cointelegraph reported. This will allow brokerages, fintech companies, and other intermediaries to connect to crypto perpetual futures through a single backend. The company also aims to introduce options trading in the second quarter of this year.