BitGo Prime, BitGo’s recently launched institutional trading services entity, is joining forces with boutique lending group for alternative investment vehicles Clear Hedge Capital to offer an integrated solution with lending, trading, and custody. The offering comes with an agreement to collaborate and focus exclusively on providing loans in the digital asset space to institutions with loan sizes of $10 million and above.
As previously reported, BitGo Prime’s trading services provide institutional investors with best-in-class service, increased liquidity, fast execution, and competitive aggregate pricing. BitGo noted that through BitGo Prime’s lending services, institutional clients have a trusted partner that delivers superior access to supply and client service. While sharing more details about the collaboration, Founder and CEO of Clear Hedge, Richard Tan, stated:
“This provides an opportunity to offer a lending service that was not previously available to institutions. We are excited to see how this partnership with BitGo enables Clear Hedge to bring traditional credit investors into this new asset class.”
Nick Carmi, CEO of BitGo Prime, concluded:
“Both Clear Hedge and BitGo Prime are focused on building deep, trusted relationships with large institutional clients to deliver a blend of Wall Street’s sophisticated understanding of the lending business and the best of Silicon Valley’s technology and innovation for digital assets.”
Clear Hedge describes itself as a lending specialist with experience aiding hedge funds, proprietary trading groups, broker-dealers, and the alternative investment vehicles acquire financing for multiple purposes, which includes asset-growth financing, enhanced leverage, liquidity solutions, and other bespoke financing needs
