May 31, 2022 — Matrixport, one of the world’s largest and most trusted digital asset financial-service platforms, announced a first-of-its-kind non-liquidation loan product for altcoins today.
This innovative lending product lets individual and institutional investors safely collateralize — without the risks of margin calls or liquidation — to capture market opportunities and manage liquidity demands.
Non-liquidation loans provide an additional financing solution for short- and long-term loan holders by pledging altcoins as collateral under custody to quickly and efficiently secure capital as stablecoins in USD Coin (USDC) or Tether (USDT). At a fixed-interest rate and no margin calls linked to its initial loan to value, users can resume custody of their assets with one-off principals and interest repayments before the loan’s maturity.
Cynthia Wu, head of business development and sales at Matrixport, said, “Our non-liquidation loan product serves a real need for flexible solutions for those seeking to retain their digital asset holdings. It reflects our commitment to continue to bring to market the world’s most comprehensive suite of innovative products and services that are relevant across various market conditions.”
With a minimum loan amount of $1,000 per transaction, the new product will initially support four altcoins: Avalanche (AVAX), Chainlink (LINK), Polygon (MATIC) and Stepn (GMT). More tokens are expected to be made eligible for the product.
For more information, refer to the factsheet here.
Matrixport is one of the world’s largest and most trusted digital asset-financial service ecosystems. With $4 billion in assets under management, it provides one-stop crypto financial services to meet the emerging needs of generating long-term wealth in digital assets. The company’s services include Cactus Custody, spot over-the-counter trading, fixed income, structured products, lending and asset management. It also forges strategic collaborations with early-stage Web3 innovators, helping them build, grow and scale.
With its mission to make crypto easy for everyone, Matrixport has a relentless focus on product innovation and offers the industry’s most comprehensive suite of market-leading crypto investment products. In 2021, the fintech company achieved a pre-money unicorn valuation within two years after its inception.
Headquartered in Singapore, Matrixport serves institutions and retail customers in Asia and Europe. The company holds licenses in Hong Kong and Switzerland. For more information, visit matrixport.com.
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