Lendingblock, an institutional platform for collateralized digital asset lending, announced on Tuesday it has formed a partnership with global fintech company QUOINE. According to Lendingblock, the new collaboration will see the QUOINEX and QRYPTOS exchanges, as well as the LIQUID platform eventually, integrated with Lendingblock’s platform to facilitate the sharing of liquidity, and also extend borrowing and lending to exchange users. QUOINE will also be joining Lendingblock’s Institutional Advisory Group and list Lendingblock’s LND token on QRYPTOS and LIQUID.
While sharing more details about the partnership, Steve Swain, CEO of Lendingblock, stated:
“QUOINE is one of the world’s leading blockchain financial services firms. We look forward to working closely with them to provide our lending exchange and loan lifecycle management services to QUOINE and their customers. They will be an invaluable partner as part of our Institutional Advisory Group as we roll out our institutional product offering.”
Seth Melamed, Senior Vice President and Head of Operations at QUOINE, also commented:
“We are thrilled to be working with the Lendingblock team, who share our vision for making financial services accessible to the broad spectrum of investors. Lendingblock is leveraging blockchain to efficiently introduce the ability to borrow and lend cryptocurrency in a secure and transparent manner.”
Melamed went on to add:
“We are truly excited to be a part of the innovation Lendingblock is bringing to the blockchain financial services ecosystem. Both of our communities will benefit from the partnership by making new pools of liquidity available and we look forward to a long and prosperous friendship.”