This enables us to avoid the risk of keeping personal data or complying with the regulations of each state - the lenders are responsible for this part, we are solely providing them a customizable solution to broaden their loan portfolio. Our model is vastly different in that we do not provide loans ourselves, but enable lenders, financial institutions, private companies, state agencies to integrate with Depository Network and use it to accept digital assets as collateral. However, these platforms work either as a market place connecting lenders with borrowers (thus bearing the entire risk for KYC and personal identification), or as lenders who use their own funds to issue loans to the borrowers. There are several peer-to-peer lending platforms which work and accept certain types of cryptocurrencies - usually Bitcoin & Ethereum - as collateral for loans. “At present, there is no analogue of the proposed ecosystem, which we are going to build and on the basis of which hundreds or thousands of depositary platforms will be created. Dimitrov sees this as a wide-open space with, for now, only modest competition.
“The momentum has been built up on the first wave of crypto currencies, and we are now embarking on what we believe is a much bigger opportunity into digital assets that are securities worldwide.” “Tokenized assets are receiving widespread attention and we seed both the demand and adoption picking up globally,” Mr. One hedge fund manager sees the tokenization trend as the Next Big Thing: “The beauty of this is that it is a global phenomenon that can create greater visibility and access to securities that transcend national boundaries, if they are offered within compliance of local jurisdictions,” says Vincent Molinari, CEO of Templum, a New York hedge fund. We’re looking ahead to the future - you have to.” “Our collateralized loans will be a natural fit on their platform someday, too. Gold mines in Alaska, timber fields in Oregon, condominiums in Florida, natural gas basins in Texas, will all make their way to the blockchain in coming years for tokenization, and that is why Alchemy Coin sees a partnership with “DEPO” as a natural fit. Tokenization of assets from the real economy is a trend that is growing rapidly throughout the globe, and every CEO in the world must pay attention to the changes that are afoot, says Mr. In the digital world, this is just as critical as in the traditional world.”
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A natural question arises: how to enable the value of these digital assets and develop the necessary blockchain infrastructure for their use? Depository Network provides a vital element of this infrastructure: a safe, decentralized depository for collateral assets.
“In the near future, we believe many commercial assets and shares, and most corporate bonds, government securities and globally-traded derivatives will be digitized or tokenized - enabling anyone worldwide to access them. “We are witnessing the beginning of blockchain digitalization of a huge number of assets from the traditional economy,” says Depository Network CEO Svetoslav Dimitrov. “We’re very, very pleased with our newly-formed partnership with the good folks at Depository Network and look forward to a long-lasting, productive relationship with their entire team.” “Tapping liquidity at the right time with the right partners is the key to staying in the game,” says Alchemy Coin CEO Justin Jung. The deal gives Alchemy Coin, the growing peer-to-peer lender, a foothold into the critical world of exchange access and liquidity for digital assets and is a big win for the company, according to CEO Justin Jung.
Alchemy Coin is entering the cryptocurrency exchange world with a partnership deal announced today with the Depository Network.
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