Lendingblock partners with Octagon Strategy
12 June 2018 Hong Kong
Image: Shutterstock
Lendingblock, an institutional platform for collateralised cryptocurrency lending, has partnered with Hong Kong-based Octagon Strategy Limited.
As part of the partnership, Octagon Strategy will join the Lendingblock Institutional Advisory Group to trial and launch its new partner’s real-time exchange for the fully collateralised cross-chain borrowing and lending of cryptocurrency assets.
Steve Swain, CEO of Lendingblock, said: “Octagon Strategy has established itself as the go-to institutional brokerage for the cryptocurrency market, and brings extensive industry expertise and unique market insight that will be invaluable leading up to our launch later this year.”
He added: “There’s a great compatibility between Lendingblock and Octagon Strategy teams, as we are fully aligned in our aim to create the highest standard of financial services within the cryptocurrency space.”
Wayne Trench, CEO of Octagon Strategy, commented: “Securities financing plays a vital role in efficient capital markets, but barely exists for digital assets. We’re very pleased to be working with the innovative team at Lendingblock as they bring the securities lending model to the digital assets economy.”
He added: “They are a team who understand institutional needs, and clearly have the experience and expertise to deliver. We look forward to working together to fill this gap in the market.”
As part of the partnership, Octagon Strategy will join the Lendingblock Institutional Advisory Group to trial and launch its new partner’s real-time exchange for the fully collateralised cross-chain borrowing and lending of cryptocurrency assets.
Steve Swain, CEO of Lendingblock, said: “Octagon Strategy has established itself as the go-to institutional brokerage for the cryptocurrency market, and brings extensive industry expertise and unique market insight that will be invaluable leading up to our launch later this year.”
He added: “There’s a great compatibility between Lendingblock and Octagon Strategy teams, as we are fully aligned in our aim to create the highest standard of financial services within the cryptocurrency space.”
Wayne Trench, CEO of Octagon Strategy, commented: “Securities financing plays a vital role in efficient capital markets, but barely exists for digital assets. We’re very pleased to be working with the innovative team at Lendingblock as they bring the securities lending model to the digital assets economy.”
He added: “They are a team who understand institutional needs, and clearly have the experience and expertise to deliver. We look forward to working together to fill this gap in the market.”
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