- Former Cantor Fitzgerald executives launched Tokenet, a new crypto lending platform that enables clients to lend out digital assets.
- Tokenet offers risk management tools and a chat feature to help users manage crypto loans on the platform.
- Crypto lending is anticipated to grow further, especially if spot Bitcoin ETFs are approved, which would benefit platforms like Tokenet.
Crypto lending platforms are gaining traction as anticipation builds for spot Bitcoin exchange-traded funds (ETFs) to be approved by US regulators. These platforms allow crypto holders to earn interest by lending out their assets.
Tokenet Platform Launched by Ex-Cantor Executives
Several former Cantor Fitzgerald executives have launched a new crypto lending platform called Tokenet. The Jersey City-based company’s platform already enables clients like Xapo Bank to lend out digital assets to borrowers like EDX Clearing.
Key Features of the Tokenet Platform
Tokenet offers various risk management tools and a chat feature that allows users to manage loans on the platform. The company believes its platform will be useful for spot Bitcoin ETF operators once these ETFs gain regulatory approval.
Early Adopters of the Tokenet Platform
The Tokenet platform is already being used by major crypto companies Xapo and EDX. These firms are able to lend out their crypto holdings to generate extra yield.
Future Outlook for Crypto Lending
Crypto lending is expected to continue growing, especially if spot Bitcoin ETFs are approved. Platforms like Tokenet stand to benefit from this anticipated growth. The company is positioning itself early to serve ETF operators in the future.
