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BitGo Prime & Clear Hedge partner for providing Digital Asset lending services for large institutions

By Pavithra R

August 18, 2020

  • Bitgo Prime
  • California
  • Clear Hedge
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BitGoClear Hedge Capital, a boutique lending group for alternative investment vehicles has announced that the company has entered into an agreement with BitGo Prime, a digital asset financial services company offering an integrated solution with lending, trading, and custody, to partner and focus exclusively on providing loans in the digital asset space to larger institutions with loan sizes of $10 million and above.

BitGo Prime provides institutional investors with best-in-class service, due diligence, increased liquidity, fast execution, and competitive aggregate pricing. It eliminates risk and increases transparency in the digital asset markets by providing secure and compliant custodial and liquidity solutions.

“This provides an opportunity to offer a lending service that was not previously available to institutions. We are excited to see how this partnership with BitGo enables Clear Hedge to bring traditional credit investors into this new asset class,” said Richard Tan, Founder, and CEO at Clear Hedge Capital.

Through BitGo Prime’s lending services, institutional clients have a trusted partner that delivers superior access to supply and world-class client service. BitGo Prime’s lending and trading services were built by a Wall Street team that understands clients’ needs and institutional investing.

“Both Clear Hedge and BitGo Prime are focused on building deep, trusted relationships with large institutional clients to deliver a blend of Wall Street’s sophisticated understanding of the lending business and the best of Silicon Valley’s technology and innovation for digital assets,” said  Nick Carmi, CEO, BitGo Prime.

“The foundation of our commitment to Clear Hedge was based on a recognition of a niche opportunity identified by the leadership team. Partnering with a global leader like BitGo, would allow Clear Hedge to utilize its vast experience in structuring institutional loans and to add to BitGo’s expanding lending services,” said Suhail Al Ansari, Deputy Vice Chairman of Gawah Holdings Inc.

California based Clear Hedge originates investor deposits and underwrites capital protected and fractionally insured direct cash loans to hedge funds, proprietary trading groups, and other alternative investment vehicles for financing purposes including asset growth financing, enhanced leverage, liquidity solutions, and other bespoke financing needs, in traditional and new asset classes.

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