Press Release

Cashare partners with Aave to enter digital asset-backed lending industry

New lending software will enable companies, individuals to leverage the emerging digital-asset class

Chiasso, Switzerland (4th October 2018) — Tech company Aave, which specialises in the development of decentralised and hybrid blockchain applications, today announced the launch of Aave Lending, a SaaS solution for the collateralisation of loans. The company has also signed its first client, Cashare, the largest peer-to-peer crowdlending platform in Switzerland with over 10 years of experience in the online lending space.

Aave Lending is the first turn-key solution in the blockchain space for creditors and borrowers to conduct loan transactions efficiently. By keeping core functions, like storing and managing collateral on the blockchain, operational costs are kept low, while the transactional speed remains high. The software’s pilot product ETHLend has generated over $15 million in lending volume since its launch.

“ETHLend pioneered decentralised p2p lending with its initial platform, and with Aave, we’re working to expand that vision into digital asset-backed lending for both businesses and individuals,” says Stani Kulechov, CEO of Aave. “Partnering with Cashare is a great first step for Aave Lending, as they’re one of the biggest P2P lending platforms. By integrating with Aave Lending, Cashare’s customers will now be able to use their digital assets as collateral for loans.”

Aave Lending’s technology is currently available for all creditors, enabling them to access the new digital asset class made up of companies and individuals, who wish to leverage their digital assets for loans. The solution is easy to implement within any existing lending businesses, making it scalable across the global market.

“No global service combines the fiat-based world of lending with that of cryptocurrency. With Aave, we can offer a more innovative solution,” says Michael Borter,  CEO and Co-Founder of Cashare. “By providing digital asset-backed lending in addition to fiat loans, we’re able to offer investors the ability to participate in the crypto industry with an attractive return while maintaining a high level of security since all loans are asset backed.”

Press release disclaimer: This is a paid press release. Coin Rivet recommends readers to undertake their own research on the company. Coin Rivet does not endorse and is not liable for any content or products on this page.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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