Reports have surfaced that Lendingblock, a firm in the digital assets’ lending business, has joined forces with Caspian, the esteemed digital currency trading network.
According to leaders of both corporations, the team-up is meant to facilitate the development of crucial blockchain and crypto infrastructure that would enhance digital lending on a global scale. The corporate team-up is expected to provide customers of trading behemoth Caspian the power to tap into a vaster market for crypto asset lending.
The crypto market has seen a storm of instability over the past year, with dips and rises that have set a mood of uncertainty over investors.
However, Robert Dykes, CEO of Caspain, believes that the crypto lending space has nonetheless seen a sharp expansion that has only grown more prominent.
Dykes believes that the new partnership will help to push the digital lending sector into something more concrete and stable, thereby reaping benefits for the broader crypto market.
Steve Swain, CEO of Lendingblock, says: “The securities lending market is fundamental to traditional capital markets, providing market efficiency and helping the market function smoothly.”
Swain believes that the loan market’s total value slips below a mere one percent of the broader crypto sector’s capitalization. He views the partnership with Caspian as a chance to strengthen the sector and allow deeper penetration of digital assets in today’s economy.
Apart from all of this, the industry experts note that the new business partnership would build a stronger channel for investors to tap into the crypto market.