CHICAGO–(BUSINESS WIRE)–DrawBridge Lending, a crypto-backed loan service provider for digital asset holders, has been selected as one of the top 15 start-ups that will be exhibiting at the 2018 Innovators Pavilion during the 34th Annual FIA Expo in Chicago October 16 – 18. The Innovators Pavilion showcases startup companies providing forward-thinking solutions for the futures, options and cleared swaps industry.
DrawBridge Lending was chosen from a competitive pool of applicants to showcase its cryptocurrency-backed lending solution to more than 4,500 attendees at the largest gathering of derivatives industry professionals in the world.
“I’m proud to announce that DrawBridge Lending was chosen to be featured in the 2018 class of FIA Innovators,” said Matt Haraburda of XR Trading, chairman of the Innovators Pavilion selection committee and executive committee member of the FIA Principal Traders Group (FIA PTG). “DrawBridge Lending and the other FIA Innovators represent some of the most progressive and forward-thinking work being done in fintech related to cleared derivatives. I’m looking forward to seeing their work showcased at Expo.”
DrawBridge Lending developed an innovative lending platform to provide cash liquidity to cryptocurrency holders in exchange for a pledge of their digital assets as collateral. Unlike other lending services in the crypto space, DrawBridge Lending will never initiate a margin call for borrowers and will be announcing their latest lending solutions at the FIA Expo event.
“DrawBridge Lending is excited to be part of this competition and looks forward to learning more about other innovators in the futures industry,” said Tom Anderson. President at DrawBridge Lending. “Over the last 3 months, our team has developed a lending solution for cryptocurrency holders that we believe is a game changer in the financial industry. We have big plans for the future and look forward to announcing our new lending platform at the Innovators Pavilion.”
DrawBridge Lending and other Innovators were selected on the basis of applications that were submitted and reviewed by a committee of industry experts assembled by FIA.
About DrawBridge Lending
DrawBridge Lending initiates cash loans secured by digital assets on a Blockchain. Operating as a CFTC regulated Commodity Trading Advisor (“CTA”), Commodity Pool Operator (“CPO”) and licensed lender, DrawBridge Lending uses both a custodian bank & risk management strategies to protect borrower assets and lender capital.
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry.