27 Jun 2018 Simon Briggs
Quoine Joins the Lendingblock Institutional Advisory Group
The development of the blockchain technology solutions sees different projects partnering with each other in their bid to invest the best of each side and create a unique product. The case of QUOINE and Lendinblock is no different.
QUOINE’s products - Qryptos crypto-to-crypto exchange, Quoinex crypto-to-fiat exchange and the Liquid trading platform, are working towards the delivery of next-generation financial blockchain services to users.
Lendingblock is an open exchange platform for crypto-based loans. It matches borrowers and lenders for secure cryptocurrency transactions. The platform recently announced its partnership with Ostagon Strategy, Asia's largest digital asset brokerage.
The new partnership sees the integration of all three QUOINE’s products into the Lendingblock platform. This way QUOINE becomes a member of the platform’s Institutional Advisory Group. It will empower Lendingblock by offering access to greater liquidity for the growing customer base (token holders, crypto traders, and issuers).
Another benefit for the London-based platform from the new partnership is the listing of its own token LDN on the Liquid and Qryptos platforms.
Commenting on the partnership milestone, the CEO of Lendingblock, Steven Swain, stated that the company is looking forward to working closely with Quoine in providing their customers with the loan lifecycle management and lending exchange services. He also adds that Lendingblock will be an invaluable partner in the release of their institutional product offering.
Quoine operates offices in Vietnam, Singapore, and Japan. Following Swain’s statement, Seth Melamed, the Senior Vice President and Head of Operations at Quoine, on behalf of the team stated that they are all excited to be part of the innovations brought by Lendingblock to the blockchain ecosystem of financial services, by leveraging the secure and transparent crypto lending and borrowing.
Melamed also highlighted that the partnership provides mutual benefits for both sides. The communities of each of the organizations are set to experience a new level of user experience, thanks to the combination of making liquidity available.
To conclude, he added that both sides are looking forward to a prosperous friendship that would last long.