DrawBridge Crypto Lending Platform Offers Bitcoin Investors’ Cash Loans

DrawBridge Lending has announced its newly developed lending platform provides Bitcoin holders a way to pledge their digital assets for a cash loan.

Unlike other lending services in the crypto space, DrawBridge Lending will never initiate margin calls requiring borrowers to “true-up” if the loan-to-value increases from its original level.

There is a tremendous need in the US market for secured lending in the digital asset space. The high barriers to entry imposed by regulation and accessible capital have made addressing this demand difficult.

According to Jason Urban, CEO, DrawBridge Lending,

“Our business leverages our team’s collective experience in finance and regulation to bridge this demand with institutional pools of lending capital in a highly compliant manner. Our mantra is simple: We have money to lend and there will never be a margin call.”

DrawBridge Lending will launch a Beta program in November to select clients who will pledge Bitcoin as collateral and receive simple-interest, short-term renewable loans.

DrawBridge Lending’s executive team has been developing their lending platform since 2017. The team brings over 100 years of finance, legal, lending, technology and trading expertise to the digital asset lending space.

“The executive team’s vision will extend beyond Bitcoin as more crypto assets are approved by regulators for trading on U.S. exchanges. Additionally, institutional lenders are finding our risk management and regulatory experience in the trading space a major factor in sponsoring loans,”

said Tom Anderson, President, DrawBridge Lending.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide