It has become commonplace for crypto platforms and fintech companies to combine their efforts, creating an ultimate service for investors with new opportunities. In the case of Lendingblock and QUOINE, that is no different.
Lendingblock is a platform that allows consumers to create digital assets out of non-fiat collateral. QUOINE, on the other hand, is known for their global fintech services, though they also have ties to crypto. By partnering together, the QUOINEX, QRYPTOS, and LIQUID platforms will be integrated together, helping them to share from a pool of liquidity, while borrowing and lending to their users.
In a statement from the CEO of Lendingblock, Steve Swain, he said,
“QUOINE is one of the world’s leading blockchain financial services firms. We look forward to working closely with them to provide our lending exchange and loan lifecycle management services to QUOINE and their customers. They will be an invaluable partner as part of our Institutional Advisory Group as we roll out our institutional product offering.”
Following Swain’s sentiment, Seth Melamed, who is the senior vice president and the head of operations at QUOINE, released his own statement regarding their partnership.
“We are thrilled to be working with the Lendingblock team, who share our vision for making financial services accessible to the broad spectrum of investors. Lendingblock is leveraging blockchain to efficiently introduce the ability to borrow and lend cryptocurrency in a secure and transparent manner. We are truly excited to be a part of the innovation Lendingblock is bringing to the blockchain financial services ecosystem,”
he says. He also conveyed the mutual benefit that each of their communities will experience from the combination of liquidity.