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Cryptocurrency News

Fidelity Digital Assets and BlockFi Launch Bitcoin-Collateralized Cash Loans for Institutions
By • 3 mins read
Altcoin News, Bitcoin News, Cryptocurrency News, News

Fidelity Digital Assets and BlockFi Launch Bitcoin-Collateralized Cash Loans for Institutions

By • 3 mins read

The penetration of Bitcoin in mainstream finance and the rising demand from institutions pushed Fidelity to come with offers of Bitcoin-backed cash loans. BlockFi will handle all the loan disbursement process while Fidelity Digital Assets will hold BTC as collateral in its custody.