Picks And Shovels In The Crypto Economy
As the crypto economy grows, there is a building of intensity and excitement exemplified in reports of “the bubble bursting,” that’s reminiscent of the Gold Rush. It is often said that the people who thrived during the Gold Rush were the people who sold picks and shovels, not the miners, and the same could also be said for today’s crypto rush. Lendingblock is one such “picks and shovel” business for the crypto economy, but is it set for the same success?
Lendingblock is an open exchange for borrowers and lenders of crypto currencies. The platform enables owners of digital assets to earn passive, low risk interest income, and borrowers to support trading, hedging and working capital needs. It brings to the crypto world something that institutional traders and investors take for granted, and which generates billions of dollars in traditional markets. In a world-first move, Lendingblock is set to bring cross-chain securities lending to the crypto economy.
Built on a combination of blockchain and cloud technologies, Lendingblock matches borrowers and lenders in a way that is simple, safe and transparent.
Borrowers, including hedge funds, investment managers, market makers, and proprietary traders, pay for access to crypto assets for an agreed interest rate and collateral. Lenders, including institutional lenders, such as asset managers, hedge funds, and family offices; and individual participants, simply and safely earn additional income on long term investments without sacrificing ownership. Borrowers and lenders are transparently and fairly matched on a “best rate, first date” basis. Users of the platform can be confident in its security, as the actively managed collateral and advanced cryptographic security protects both borrowers and lenders.
With full cross-chain interoperability, the platform enables cross-blockchain value transfer for the crypto lending market. In short, it’s the infrastructure to secure the future of the crypto economy.
Why Is It Exciting?
Securities lending is a multi-billion dollar market for stocks and bonds, yet until now there has not been the equivalent for traditional trading practices to occur in the crypto space. Until Lendingblock, professional investors have lacked the financial tools to be able to play in the crypto economy. Allowing lending and borrowing of cryptocurrencies opens up the securities lending market to both crypto investors and enthusiasts, and has the potential to generate up to $300 million revenue within 3 years.
Why Is It Different?
Lendingblock isn’t the only crypto lending platform, but it is unique. We’re the first in the to offer cross-blockchain lending, and the first to comply with the highest regulatory standards.
Who Is Behind Lendingblock?
The core Lendingblock team are capital market traders and techies, united by deep hands-on experience and the passion to create something new and better in the crypto economy.
Steve Swain, Co-founder and CEO, has worked in capital markets technology in London, New York and Australia, and as a FS Technology partner for Deloitte, was instrumental in seeing the need for Lendingblock. Co-Founder Linda Wang - ex-Deloitte, Entrepreneur First alumnus, and founder of peer-to-peer lending business Lendr - was the blockchain brains behind the platform. Read Linda and Steve’s stories in our Inside Lendingblock blog.
How Can I Get Involved?
If like us, you believe in the positive future of digital assets, then we want you to get in involved and join our ICO. We are passionate about creating the infrastructure essential to the crypto economy, and relish the opportunity to partner with investors who are too. Our ICO pre-sale goes live on 9th March, the main sale is on 23rd March. To find out more, take a look at our token paper or join our conversation on Telegram.