Business
Fernhill’s MainBloq Announces New Digital Asset Lending Service and Provides Corporate Update
Fernhill’s MainBloq Announces New Digital Asset Lending Service and Provides Corporate Update.
About this update from Fernhill Corp.
[{"type":"text","content":"Fernhill Corp (OTC Markets:FERN), a Web3 Cloud Based Infrastructure platform focused on providing APIs for digital asset trading, NFT marketplaces and data aggregation solutions, is pleased to provide the following corporate update.Fernhill is excited to announce the launch of another complementary service as part of our broader branding initiative for Fernhill subsidiary, MainBloq. The new offering is called LendBloq. LendBloq is part of a larger strategy to roll out several plug and play, modular building Bloqs that will comprise the MainBloq ecosystem. LendBloq is a new Digital Asset Lending offering for hedge funds, family offices, trading firms, miners and institutional investors or for anyone that wants to monetize their Digital Asset holdings without selling them. Interested parties can get highly competitive non-recourse loans against their digital assets such as BTC, ETH, BCH, etc. In partnership with a corresponding multi-billion dollar international financial institution that specializes in lending against digital assets, several programs are available. These loans are designed as non-recourse loans, with competitive low fixed rates, high LTVs and have flexible margin maintenance structures. Having access to well established lending partners will allow MainBloq to provide customized solutions with some of the most competitive rates and terms found in the digital asset lending industry today. Targeted loan sizes range from $1,000,000 - $25,000,000+ with quick closings in as little as 5 - 10 days.“We believe there is a substantial gap in the marketplace to serve small to large sized trading firms, family offices, miners and hedge funds seeking liquidity with a well managed digital asset lending solution that is custom designed to meet a company’s specific needs. Partnering with one of the leading firms in the alternative lending space is a great fit with our current service offerings and we look forward to serving our clients at a higher level and providing them as much value as possible,” stated Chris Kern, Fernhill’s Chairman and CEO. Ryan Kuiken, MainBloq’s Founder and President commented “The addition of lending capabilities has arrived at a critical time. With the market heating up, we are seeing renewed interest in and around the space. This lending offering serves as another block of the MainBloq ...