Genesis Capital Joins Lendingblock’s Institutional Advisory Group
Lendingblock, the institutional platform for collateralised crypto-currency lending, has announced that Genesis Capital is the latest global digital finance firm to join its Institutional Advisory Group.
Genesis Capital offers institutions the ability to borrow cryptocurrencies in large sizes.
As part of the advisory group, Genesis Capital, will work with Lendingblock to ensure that the Lendingblock platform meets the complex needs and high standards demanded by institutional users.
London-based Lendingblock is building an open exchange for cryptocurrency loans, linking institutional borrowers and lenders. As part of its active strategy the cryptocurrency lender has also partnered with digital asset exchange partner QUOINE and Octagon Strategy recently.
Lendingblock describes itself as “the first platform to bring cross-blockchain securities lending to the crypto world.” Its CEO, Steve Swain, is delighted to be working with Genesis “one of the largest and most respected pioneers of the digital asset economy.”
“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,” said Swain.
Michael Moro, CEO of New York-based Genesis also welcomes the partnership:
“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.”
Genesis Capital offers institutions the ability to borrow Bitcoin, Ether and other digital currencies in large sizes for institutional market-making, hedging, or speculating. As a securities broker-dealer, it is regulated in the U.S by the U.S SEC and FINRA and has its Bitlicense application pending review.
Since 2013 Genesis Capital has traded over $750 million USD worth of cryptocurrencies for its high net worth customers and institutional investors. It is part of the Digital Currency Group which aims to support cryptocurrency and blockchain companies through its insights, network, and capital investment to accelerate the “development of a better financial system.”