Asia Pacific’s largest digital asset brokerage joins Lendingblock Institutional Advisory Group
Lendingblock, the institutional platform for collateralized crypto-currency lending has announced a partnership with Octagon Strategy Limited (Octagon Strategy), a global top three digital asset brokerage firm.
As part of the partnership, Octagon Strategy will join the Lendingblock Institutional Advisory Group to trial and launch the Lendingblock platform’s unique real-time exchange for fully collateralized, cross-chain borrowing and lending of cryptocurrency assets.
“I’m delighted to announce that we have the support of one of the largest cryptocurrency brokerage firms in the world,” said Steve Swain, CEO of Lendingblock. “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. 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.”
“Securities financing plays a vital role in efficient capital markets, but barely exists for digital assets” said Wayne Trench, CEO of Octagon Strategy. “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. 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.”
About Octagon Strategy Limited (Octagon Strategy)
Octagon Strategy is the largest digital asset broker in Asia Pacific, managing the buying and selling of all major cryptocurrencies with clients in more than 50 countries worldwide. The firm has a selection of relevant offerings in addition to its market-leading OTC trading services including API/RFQ integration, market making and tailored services covering pre- and post-ICO trades as well as bespoke fund account servicing.
Lendingblock is an open venue for fully collateralised cryptocurrency loans, linking institutional borrowers and lenders. It is the first company to bring cross-blockchain securities lending to the crypto world.