#loan News

Silvergate Expands Reach of Bitcoin Collateralized U.S. Dollar Loans, Announces Fidelity Digital Assets as Custody Provider

Silvergate Capital Corporation Reveals Fidelity Digital Assets as Custody Provider for BTC Collaterized Loans

March 29, 2021 by Adeniyi Olowoporoku at Bitcoin

Silvergate Capital Corporation has added Fidelity Digital Assets as a custodian for SEN leverage. This makes Fidelity Digital Assets the second major custodial services to join Silvergate in a week following Coinbase Custody's addition. Fidelity Clients to Access Silvergate Loan Opportunities This development was announced in a press release by Silvergate on...

BBVA Completes $150 Million Syndicated Loan on Ethereum Blockchain

November 8, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Business, Ethereum, Exchange, Finance, News, Platform, Tech

One of Spain's leading banks, Banco Bilbao Vizcaya Argentaria (BBVA), has successfully signed off the terms of a $150 million syndicated loan with the help of blockchain technology, reports Finextra, November 7, 2018. Multi-million Loan carried over a Private Blockchain Notably, the syndicated loan transaction was carried out over a...

China’s Decision to Choose Ethereum Over its Own Blockchain NEO is Monumental

China: Prominent Bank Issues $300,000 Loan Using Blockchain Technology

August 2, 2018 by contributor at Blockchain, Finance, News

On July 31, 2018, the Agricultural Bank of China (ABC) revealed it had successfully completed a $300,000 loan using a private blockchain. Loan Issuance Via Blockchain As reported by Chinese outlet Financial News, ABC’s Guizhou bank branch was the facilitator of this development. The bank issued the loan against a...