Category: Lending

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm

United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly use the funds to improve its blockchain-based platform Spring Protocol and develop three new fraud protection products that are designed to combat […]

Cred Bitcoin Lending Platform to Migrate its LBA Token to Binance Chain

Binance, a leading Malta-based global cryptocurrency exchange has joined forces with Cred, a decentralized lending platform that claims to facilitate open access to credit anywhere and anytime, with the most competitive rates on BTC, XRP, ETH and fiat currencies, in a bid to promote the growth of the decentralized economy. […]

Binance to Offer Crypto Lending and Borrowing Through Cred Partnership

The Binance exchange is to offer cryptocurrency lending and borrowing through a new partnership with Cred. As part of the arrangement, California-based Cred will migrate a portion of its native “LBA” token to Binance’s blockchain network, Binance Chain, and become its official lending and borrowing platform, according to an announcement […]

Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform

Korea’s oldest bank, Shinhan Bank, has launched a blockchain-enabled lending platform to speed up the loan process, South Korean news agency Yonhap reports on May 27. Shinhan Bank’s blockchain-powered loan system intends to boost cost and time efficiencies in the lending process, reportedly enabling the public to apply for loans […]

Crypto Platform Says It Launches Two Products to Challenge Banks and Empower Customers

A “next-generation” mobile payment platform has unveiled two products that are designed to help users smartly manage money matters and enjoy “greater financial empowerment.” Crypto.com’s first new offering, Crypto Earn, gives the public “the freedom to grow their assets.” Available through the platform’s flagship app, the service allows users to […]

Finastra Signs Three French Banks to DLT Lending Consortium

Finastra, one of the world’s largest FinTech companies, has added three French Banks to its lending consortium that runs on a distributed ledger. SocGen, BNP Paribas, and Natixis have joined NatWest on the DLT platform that went live in October 2018, as announced on their website on May 14, 2019.  […]

Malaysia’s Stock Exchange to Develop Blockchain PoC for Security Borrowing and Lending

Kuala Lumpur-based Bursa Malaysia, the country’s stock exchange, is working on a blockchain-enabled security borrowing and lending proof-of-concept (PoC). English-language local media Bernama reported on the developments on May 6. Per the report, the initiative aims to develop greater transparency and address other challenges of borrowing and lending securities in […]