Matrixport Launches World’s First Liquidation-Free Lending Product for Digital Assets
New offering allows users to borrow stablecoins with altcoin collateral, with a fixed interest rate and no margin call
SINGAPORE, June 1, 2022 /PRNewswire/ — Matrixport, one of the world’s largest and most trusted digital asset financial services platforms, today announced the first-of-its-kind “no-liquidation loan” product for altcoins.
This innovative lending product gives individual and institutional investors the ability to securely collateralize without the risk of margin calls or liquidation to capture market opportunities or manage liquidity demand.
“Loan without liquidation” offers an additional funding solution for those looking to take out short and long-term debt by pledging altcoins as collateral in custody to quickly and efficiently secure capital in the form of stablecoins (USDC or USDT). With a fixed interest rate and no margin call tied to its initial Loan to Value (LTV), users can simply regain custody of their assets upon one-time repayment of principal and interest before loan maturity.
Cynthia WuHead of Business Development and Sales for Matrixport, said “Our “Unliquidated loan” responds to a real need for flexible solutions for those looking to preserve their digital assets. This reflects our commitment to continue to bring to market the world’s most comprehensive range of innovative products and services, suitable for a variety of market conditions. »
With a minimum loan amount of $1,000 per transaction, the new product will initially support four altcoins – Avalanche (AVAX), Chainlink (LINK), Polygon (MATIC) and STEPN (GMT). More tokens should be made eligible for the product.
For more information, please see the fact sheet here.
Matrixport is one of the largest and most trusted digital asset financial services ecosystems in the world. With USD4B in assets under management, it provides one-stop crypto financial services to meet emerging needs for long-term wealth generation in digital assets. The Company’s services include Cactus Custody™, spot OTC, fixed income, structured products, lending and asset management. He also forges strategic collaborations with early-stage Web3 innovators, helping them build, grow and evolve.
With its mission to make crypto easy for everyone, Matrixport is relentlessly focused on product innovation and offers the most comprehensive suite of market-leading crypto investment products. In 2021, the fintech company completed a pre-monetary valuation of the unicorn within two years of its inception.
Based at SingaporeMatrixport serves both institutional and retail customers across Asia and Europe. The company holds licenses in hong kong and Swiss. For more information, visit www.matrixport.com.
SOURCE matrix port