Matrixport, one of the world’s largest and most trusted digital assets financial services platform, today announced the first-of-its-kind ‘Non-Liquidation Loan’ product for altcoins.
This innovative lending product gives individual and institutional investors the ability to safely collateralise without the risk of margin calls or liquidation to capture market opportunities or manage liquidity demand.
‘Non-Liquidation Loan’ provides an additional financing solution for those seeking to take out both short and long-term loans by pledging altcoins as collateral under custody to quickly and efficiently secure capital in the form of stablecoins (USDC or USDT). With a fixed interest rate, and no margin calls linked to its initial Loan to Value (LTV), users can simply resume custody of their assets upon one-off principal and interest repayment before the maturity of the loan.
Cynthia Wu, Head of Business Development & Sales of Matrixport, said “Our ‘Non-liquidation loan’ product serves a real need for flexible solutions for those seeking to retain their digital asset holdings. It reflects our commitment to continue to bring to market the world’s most comprehensive suite of innovative products and services that are relevant across various market conditions.”
With a minimum loan amount of USD1,000 per transaction, the new product will initially support four altcoins – Avalanche (AVAX), Chainlink (LINK), Polygon (MATIC) and STEPN (GMT). More tokens are expected to be made eligible for the product.
Matrixport is one of the world’s largest and most trusted digital assets financial services ecosystem. With USD4B in assets under management, it provides one-stop crypto financial services to meet the emerging needs of generating long term wealth in digital assets. The company’s services include Cactus Custody™, spot OTC, fixed income, structured products, lending and asset management. It also forges strategic collaborations with early stage Web3 innovators, helping them build, grow and scale.
With its mission to make crypto easy for everyone, Matrixport has a relentless focus on product innovation and offers the industry’s most comprehensive suite of market leading crypto investment products. In 2021, the fintech company achieved pre-money unicorn valuation within two years after its inception.
Headquartered in Singapore, Matrixport serves both institutions and retail customers across Asia and Europe. The company holds licences in Hong Kong and Switzerland.