Lendingblock partners with Octagon Strategy 12 June 2018Hong Kong Reporter: Jenna Lomax
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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鈥檚 real-time exchange for the fully collateralised cross-chain borrowing and lending of cryptocurrency assets.
Steve Swain, CEO of Lendingblock, said: 鈥淥ctagon 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.鈥�
He added: 鈥淭here鈥檚 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.鈥�
Wayne Trench, CEO of Octagon Strategy, commented: 鈥淪ecurities financing plays a vital role in efficient capital markets, but barely exists for digital assets. We鈥檙e very pleased to be working with the innovative team at Lendingblock as they bring the securities lending model to the digital assets economy.鈥�
He added: 鈥淭hey 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.鈥�
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