Designed to make your lending business Blockchain.com that grows more And it allows non-US borrowers to use the portfolio on TrueFi, with a target APY of around 8.50%.
SAN FRANCISCO, Calif., April 2022 — TrustToken’s core team responsible for building the unsecured lending protocol TrueFi today launched a single-borrower pool. TrueFi’s newest single-borrower pool (SBP) is specially designed for leading digital asset services and exchange platforms. Blockchain.com Initially capped at $100 million in the first year Blockchain.com Plan to use the funds provided to support its own liquidity group. Leverage supports trading. and credit services
Decentralized Financial Ecosystem (DeFi) has grown to more than $240 billionIn all the TVLs of 2021 as the ecosystem expands greatly which was once in the realm of blockchain while lending and borrowing accounted for almost 20 percentOf all DeFi activities, most protocols are limited to over-collateralized lending to manage the risk of default. This makes most DeFi loans highly capital inefficient. Interferes with mainstream use and user acceptance. especially among institutional users.
TrueFi’s unsecured loans provide highly scrutinized financial institutions as the most effective financial tools. It will operate 24 hours every day. except holidays Competitive rates and rapid reversal from start-up to financing A group of six-month sole borrowers who borrow with Blockchain.com It will be available to non-US lenders. Verified Customer B verified on the TrueFi platform, offering 8.50 percent expected APY ahead of incentives.
Earlier this year, TrustToken launched the first single borrower group for Alameda Research which is a leading digital asset trading company as well as the launch of the first protocol-to-protocol loan portfolio for Perpetual Protocol TrueFi also launchedThe first B2B loan portfolio It brings expected $25 million to international business in a landmark partnership with YC-backed delt.ai. The single-borrower portfolio joins TrueFi’s original stablecoin lending group. It has allocated more than $1.3 billion in unsecured loans to dozens of borrowers. It has a 100% repayment history and now has $1 billion of successful repayments.
“We are excited to welcome you. Blockchain.com to the lending market like TrueFi.” said Rafael Cosman, CEO of TrustToken. “The leading financial institutions Bringing business books online is inspiring. Although not surprising This gives our global lender base more financial opportunities. We are proud to see TrueFi support its financial services. Blockchain.com broad and in-depth And can’t wait to see this partnership accelerate business growth and the size of the TrueFi protocol. protocol to protocol portfolio and all new financial opportunities to join TrueFi in the coming weeks as our network of partners continues to expand.”
Reid Simon, Head of Credit and Loan at Blockchain.com said “Unsecured, unsecured lending is the most effective way for high-quality borrowers to connect with a broad spectrum of lenders around the world. and receive pre-approved funds in minutes. It represents a whole new level of exciting access not available in the traditional market. We are excited to work together to provide the TrueFi community with new financial portfolios to explore and expand over time as we build credit history with TrueFi lenders.”
About TrustToken
TrustToken is building a global lending protocol, TrueFi will enable portfolio managers to provide the opportunity for unsecured on-chain lending to a global base of lenders and borrowers. As of November 2020, the initiative has reached US$1.3 billion. and a further $1 billion repayment without any default.
Get started with TrueFi at https://truefi.io Or learn more about TrustToken’s products at https://trusttoken.com
For borrowers or asset managers interested in building a financial product on TrueFi, please contact [email protected]
About Blockchain.com
Blockchain.com Connecting the world to the future of finance Most Trusted Crypto Company And it’s growing fast, helping millions of people around the world have secure access to cryptocurrencies. Based on investment backed since 2014 Blockchain.com It is valued at 14 billion US dollars. Blockchain.com for more information You can also follow us on Twitter. @blockchain and on Instagram @blockchainofficial Don’t forget to stop by and listen.The Blockchain.com podcast ours and readblogFor the latest news of the company
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