Lendingblock has partnered with Octagon Strategy Limited a global digital asset brokerage firm. The collaboration is described as Octagon Strategy joining Lendingblock Institutional Advisory Group to trial and launch the platform’s real-time exchange for fully collateralized, cross-chain borrowing and lending of cryptocurrency assets. This is the first institutional partnership for LendingBlock and management said they have been signing up more institutions with many partnerships “in the pipeline.”
Octagon is said to be the largest digital asset broker in Asia-Pac, managing the buying and selling of major cryptocurrencies with clients in more than 50 countries worldwide.
Steve Swain, CEO of Lendingblock, said he was delighted to have the support of such large crypto brokerage.
“Octagon Strategy has established itself as the go-to institutional brokerage for the cryptocurrency market, and brings extensive industry expertise and unique market insight that will be invaluable leading up to our launch later this year. There’s a great compatibility between Lendingblock and Octagon Strategy teams, as we are fully aligned in our aim to create the highest standard of financial services within the cryptocurrency space.”
Wayne Trench, CEO of Octagon Strategy, said they were pleased to be working with Lendingblock and their securities lending model. Securities financing plays a vital role in traditional markets. Digital assets will be no different.
“They are a team who understand institutional needs, and clearly have the experience and expertise to deliver. We look forward to working together to fill this gap in the market.”