Crypto-collateralized loans may soon bring new investors to space

Cointelegraph

Published Mar 23, 2021 12:43PM ET

Updated Mar 23, 2021 02:20PM ET

Institutional investors will soon be able to receive Bitcoin-collateralized U.S. dollar loans through Silvergate Capital (NYSE:SI) Corporation — the holding company of pro-crypto institution, Silvergate Bank.

According to an announcement from Silvergate, Coinbase Custody will be the custodian for loans funded through the bank’s Silvergate Exchange Network, or SEN. The network will provide access to capital through U.S. dollar loans collateralized by Bitcoin (BTC) while Coinbase holds the crypto in cold storage.

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