NYC, 3rd July 2018 — Lendingblock, the institutional platform for collateralised crypto-currency lending, has announced that Genesis Capital is the latest participant in its Institutional Advisory Group.
As part of the advisory group, Genesis Capital, will work with Lendingblock to ensure that the platform meets the complex needs and high standards demanded by institutional users.
“We’re delighted to be working with Genesis, who are one of the largest and most respected pioneers of the digital asset economy”, said Steve Swain, CEO of Lendingblock. “We are building the secured financing backbone of this new economy from the ground up, so the active support of our advisory group is absolutely critical to ensure we launch the platform that the industry needs.”
“Lendingblock clearly sees the growing need for borrowing and lending digital assets. We welcome the launch of this platform and are pleased to be part of the collaborative working-group” said Michael Moro, CEO of Genesis.
Lendingblock is an open venue for fully collateralised cryptocurrency loans, linking institutional borrowers and lenders. It is the first platform to bring cross-blockchain securities lending to the crypto world.
About Genesis Capital
Genesis Capital offers institutions the ability to borrow bitcoin, ether and other digital currencies in large sizes from a trusted and regulated counterparty. Whether for institutional market-making, hedging or speculating, Genesis Capital offers both open-term and fixed-term loans from two weeks to six months with a minimum loan size of $250,000.