Tranches is a tokenized asset management and derivatives trading protocol. the concept of Tranchess was first proposed in early 2020 and has rapidly evolved to its current state. Inspired by the ability of some funds to meet different risk appetites of users, Tranchess aims to provide a different risk/reward matrix from a single major fund that tracks a specific underlying asset, such as BTC.Tranchess'' vision is to empower asset management capabilities for DeFi users