Tokenized FTX claim is used as collateral for a loan
1. Tokenized FTX Claim Used as Collateral for Loan A notable topic of the article is the use of tokenized assets as collateral for loans. In this case,a Singapore-based digital assets lending firm Babel Finance used a tokenized FTX equity claim as collateral for a loan they provided to a client. Tokenization of assets allows for greater liquidity and ease of transfer,making them desirable as collateral for loans. The development of this market is still in the early stages,but it could transform the way loans are secured in the future.
2. Babel Finance Provides $15 Million Loan Against Tokenized FTX Equity Claim Babel Finance,following its recent $40 million funding round,loaned a $15 million loan against a tokenized FTX equity claim. The loan comes with a one-year term and a 10% annualized interest rate. Babel Finance was able to reduce its risk by demanding a 60% loan-to-value (LTV) ratio and maintaining custody of the tokenized equity claim throughout the term. According to CEO Flex Yang,"Babel is dedicated to providing miners and crypto holders with unique and innovative financial products and services."
3. Tokenization of Assets: An Emerging Trend in the Crypto Market The use of tokenized assets is an emerging trend in the crypto market that offers a range of benefits. Tokenization allows for fractional ownership,making it easier for investors to buy and sell small portions of assets,which previously may have been too expensive or illiquid. An example of this is tokenized real estate,which could enable a wider base of investors to participate in property investments. The tokenization of assets has also opened up new possibilities in terms of collateralization for loans,as seen in Babel Finance's use of a tokenized FTX equity claim. While the technology is still in its early stages,tokenization has the potential to transform the way assets are traded,invested,and used as collateral.
source https://titdoi.com/news/Tokenized-FTX-claim-is-used-as-collateral-for-a-loan
2. Babel Finance Provides $15 Million Loan Against Tokenized FTX Equity Claim Babel Finance,following its recent $40 million funding round,loaned a $15 million loan against a tokenized FTX equity claim. The loan comes with a one-year term and a 10% annualized interest rate. Babel Finance was able to reduce its risk by demanding a 60% loan-to-value (LTV) ratio and maintaining custody of the tokenized equity claim throughout the term. According to CEO Flex Yang,"Babel is dedicated to providing miners and crypto holders with unique and innovative financial products and services."
3. Tokenization of Assets: An Emerging Trend in the Crypto Market The use of tokenized assets is an emerging trend in the crypto market that offers a range of benefits. Tokenization allows for fractional ownership,making it easier for investors to buy and sell small portions of assets,which previously may have been too expensive or illiquid. An example of this is tokenized real estate,which could enable a wider base of investors to participate in property investments. The tokenization of assets has also opened up new possibilities in terms of collateralization for loans,as seen in Babel Finance's use of a tokenized FTX equity claim. While the technology is still in its early stages,tokenization has the potential to transform the way assets are traded,invested,and used as collateral.
source https://titdoi.com/news/Tokenized-FTX-claim-is-used-as-collateral-for-a-loan
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