TradeStation Crypto, a subsidiary of TradeStation Group, Inc., announced a strategic relationship with Zero Hash, an API driven financial institution, to manage its digital asset loan book. Through the collaboration, TradeStation Crypto can streamline loan submission and settle digital assets, benefiting from Zero Hash’s automation and real-time valuation feeds. TradeStation Crypto and its loan counterparties can now enjoy greater efficiency throughout the loan lifecycle.
Zero Hash’s lending product enables TradeStation Crypto to bring scale and efficiency to the crypto lending marketplace. As one of the first brokers to adopt this technology, TradeStation Crypto brings higher levels of institutionalization and maturity into the digital asset space.
Zero Hash provides the infrastructure to automate collateral management and loan settlement, thereby helping manage counterparty risk and simplifying the acceptance of multiple forms of collateral. In short, this allows TradeStation Crypto to introduce some of the sophistication common in the equity repo markets to digital asset lending.
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Key features of the “Zero Hash Lending Infrastructure” include:
- Balance: Verify real-time account balances and deposits across crypto assets, with ownership validation.
- Collateral Management: Monitor in real time and automate the management of calls for additional collateral and collateral refunds.
- Multiple Collateral Types: Collateral can be posted in over 15 digital assets and 20+ fiat pairs.
- Loan history: Access detailed loan history with real-time transaction updates across 600+ transaction pairs.
“The Crypto lending space has experienced great growth in 2020, driven by attractive yields on crypto asset loans. There is a need for automation in the crypto lending space. Automation is the only way to bring scale and achieve higher levels of institutionalization in the marketplace,” said James Putra, Senior Director of Product Strategy at TradeStation Crypto.
“TradeStation Crypto is paving the way for institutional firms to engage in crypto lending. This lending product is one of the most exciting innovations in the space. We are looking forward to seeing how these new products will bring scale and efficiency to the crypto lending space,” said Edward Woodford, Zero Hash’s co-founder, and CEO. “We look forward to continuing our close working relationship to help make lending cryptocurrency as accessible and intuitive as possible.”
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