Working: Secure, simple crypto lending is what will take decentralized assets to a global audience

Moving forward into 2024, it is hard to ignore the fact that the cryptocurrency market has become an integral part of the broader financial system stage. with a guess 420M holders of cryptocurrencies worldwideand having bitcoin Successfully adopted by nations And traditional financial institutions Equally, it is clear that we are only in the early innings of a major transformation that will get the global economy working again.

Crypto assets have grown to a combined valuation of more than $1.5 trillion, and have given rise to many new millionaires in the process. These investors have seen the value of their properties skyrocket! Naturally, like everyone else – they will want to utilize their assets without selling their best performing assets. To do this, they need loan services.

Lending is a key tenet of the financial economy, and people all over the world are using crypto loans in a variety of real-world situations. From veterinary bills to mortgage applications, users globally are using crypto loan products to make the most of their Bitcoin wealth without the need to sell it and create a taxable event.

The recent rise in crypto loans is due to several factors. The entire space has recovered from the significant collapse associated with Notorious FTX/SBF Fraud and bankruptcy, and crypto loan products are being developed and improved in a way that addresses security and legality.

For example, a major crypto lender has announced the launch of custodial crypto loans. This means that collateral held by users will be held safely by qualified custodians and banks – as opposed to revalued as part of yield generation strategies.

ledn The team is issuing retail custodian loan products to customers globally. They have issued approximately $5 billion worth of crypto loans to retail and institutional borrowers since their inception in 2018. They have done this by providing a simple user experience with best-in-class transparency and risk management. Leyden’s differentiators include its ongoing proof-of-reserves protocol, its open book reports and the ringfencing of its lending activity risk. This is testament to the fact that lending services are needed by crypto investors and they can be offered responsibly. Ledden is also backed by world-class investors including 10T Holdings, Coinbase, Kingsway, White Star and others.

This is the kind of initiative that will help transform the digital asset sector into a global industry, helping it stand shoulder to shoulder with legacy finance. In 2024, we’ll really start to see this vision come to fruition.