New crypto lending service launches in partnership with Anchorage Digital

📆 11/7/2023 5:30 PM

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📆 11/7/2023 5:30 PM
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Tokenet has already secured institutional clients including Xapo Bank, Hidden Road, EDX Clearing and DV Chain, the firm announced at launch.

A new player has entered the field left deserted after the crash of crypto lenders such as BlockFi, Celsius and Genesis, with Digital Prime Technologies unveiling an institutional digital asset lending platform called Tokenet that will allow users to interact with trusted counterparties, post borrow needs and lending availability, and manage collateral.

Digital Prime co-founder and CEO James Runnels is a former Cantor Fitzgerald managing director and head of securities lending at tZero, a short-lived tokenization startup by Overstock. The Digital Prime team includes other alumni of Cantor Fizgerald, as well as a Bank of America veteran Courtney Campbell. Tokenet will allow institutional crypto traders to borrow and lend digital assets using Anchorage Digital as custodian.

"Regulated crypto infrastructure is no longer optional — it is a prerequisite for long-term safety and viability in today's market environment," Anchorage Digital co-founder and president Diogo Monica said in the statement.

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