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Laxman Pai, Opalesque Asia: Clear Hedge Capital, a lending group for alternative investment vehicles, has announced it had entered into a partnership with BitGo Prime to offer multi-million loans to institutional investors.
Both companies, according to an official press release, will focus their services - built by a Wall Street team - only on institutional clients.
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.
The demand side would include hedge funds, market makers, trading houses, OTC providers, crypto lending firms, and exchanges.
Clear Hedge, which is majority-owned by UAE-based conglomerate Gawah Holdings, targets institutions and mining groups who seek to post-digital currency as collateral with longer borrowing time horizons. BitGo is a player in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions.
On the collaboration with BitGo, Founder and CEO, Richard Tan said, "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, BitGo Prime added, "Both Clear Hedge and BitGo Prime are focused on building deep, trusted relationships with large institutional ...................... To view our full article Click here
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