back Back

Matrixport launches first ever non-liquidation loan product

By Leandra Monteiro

June 01, 2022

  • Altcoins
  • Digital assets
  • Digital Lending
Share

MatrixportMatrixport, a digital assets financial services platform, announced the ‘Non-Liquidation Loan’ product for altcoins.

This lending product gives individual and institutional investors the ability to safely collateralise without the risk of margin calls or liquidation to capture market opportunities or manage liquidity demand.

‘Non-Liquidation Loan’ provides an additional financing solution for those seeking to take out both short- and long-term loans by pledging altcoins as collateral under custody to quickly and efficiently secure capital in the form of stablecoins (USDC or USDT). With a fixed interest rate, and no margin calls linked to its initial Loan to Value (LTV), users can simply resume custody of their assets upon one-off principal and interest repayment before the maturity of the loan.

Cynthia Wu, Head of Business Development & Sales of Matrixport, said, “Our ‘Non-Liquidation Loan’ product serves a real need for flexible solutions for those seeking to retain their digital asset holdings. It reflects our commitment to continue to bring to market the world’s most comprehensive suite of innovative products and services that are relevant across various market conditions.”

With a minimum loan amount of USD1,000 per transaction, the new product will initially support four altcoins – Avalanche (AVAX), Chainlink (LINK), Polygon (MATIC) and STEPN (GMT). More tokens are expected to be made eligible for the product.

Previous Article

May 31, 2022

Kroo raises £26m in a Series B funding round

Read More
Next Article

June 01, 2022

2C2P partners with non-profit organisation to boost tourism in Thailand

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

Altcoins

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 19, 2024

Dineo Crédito taps Mambu to bolster lending capabilities in Spain

Read More

June 19, 2024

Ant International unveils ‘bettr’, a global SME digital lending service

Read More

June 18, 2024

4 FinTech startups driving Financial Inclusion for Indian Enterprises

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023