Loans

Loans

BBVA Puts $150 Million Syndicated Loan on Ethereum Blockchain

Banking giant BBVA has completed a pilot that put a $150 million syndicated loan for Spain's electrical grid operator on the blockchain.

Business  ·  7 November 2018
Bitcoin

VOIP Pioneer Says New Startup Is Paying Users Interest on Millions in Crypto

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app.

Business  ·  5 October 2018
Exchanges

Ripio Rolls Out Crypto-Powered Loans Across Latin America

Ripio is driving mainstream adoption among the unbanked of South America, offering crypto loans in Argentina, Mexico, and Brazil.

Business  ·  5 September 2018
Loans

Crypto-Backed Loan Provider SALT Expands to 35 US States

Cryptocurrency-backed loan provider SALT Lending announced it will now serve customers in 20 new U.S. states on Wednesday.

Markets  ·  8 August 2018
China

Banking Giant Trials Blockchain for Issuance of Land-Backed Loans

One of the "Big Four" commercial banks in China has completed the issuance of a loan worth $300,000 using a blockchain system. 

Policy & regulation  ·  31 July 2018
Cryptocurrency

Bank of Queensland Rules Out Crypto Purchases With Mortgage Funds

The Australian retail bank has revised its loan agreements to prohibit borrowers from using mortgages to purchase cryptocurrency.

Policy & regulation  ·  12 July 2018
Loans

Chinese Banks to Put Credit Blacklist on a Shared Blockchain

The banking arm of Chinese retail giant Suning is testing a blockchain that would allow banks to share a ledger of users with bad credit scores.

Business  ·  14 June 2018
BitGo

Arrington-Backed Startup Launches Crypto-for-Cash Credit Platform

A crypto lending startup backed by TechCrunch founder Michael Arrington launched a U.S. dollar credit platform on Monday.

Business  ·  30 April 2018
Ethereum

BBVA Issues $91 Million Loan Using Two Blockchains

Spanish banking giant BBVA has completed a pilot that issued a $91 million corporate loan using two different blockchain technologies.

Business  ·  26 April 2018
Loans

NY Wealth Manager to Issue Loans Against Bitcoin

New York family office Dominion Capital is launching a product for a new breed of consumer that's "crypto rich" but low on cash.

Business  ·  9 March 2018
BlockFi

Crypto Asset Lending Startup BlockFi Raises $1.55 Million

BlockFi, a startup that offers U.S. dollar loans to crypto-asset owners, has raised $1.55 million in capital from investors.

Business  ·  15 February 2018
China

China’s Banking Regulator Pushes Blockchain Adoption for Credit Market

China's banking regulator, the CBRC, thinks the country should double down on its adoption on blockchain technology to improve the credit market.

Policy & regulation  ·  23 January 2018
Loans

Microlending Startups Look to Blockchain for Loans

Blockchain is now being touted as a way to revive a long-promised method of boosting financial access for the underbanked.

Policy & regulation  ·  8 December 2017
Loans

Credit Suisse Eyes 2018 Launch for Blockchain Loans Platform

A group of banks led by Credit Suisse is eyeing the launch of a blockchain platform for syndicated loans, according to reports.

Business  ·  21 August 2017
China

Foxconn Reveals Plan for Blockchain Supply Chain Domination

The giant tech manufacturer is now in the blockchain business, seeking to speed up financing for its many thousands of suppliers.

Markets  ·  13 March 2017