Fidelity, the option to request loans in BlockFi
The intention is that clients with BlockFi accounts can withdraw their bitcoins in cash
The crypto arm of the asset management conglomerate, Fidelity Digital Assets, has presented institutional clients with the option of using bitcoins as collateral to apply for cash credits through the lender BlockFi.
The information was published this Wednesday, by the news portal Bloomberg, where it is specified that the company strengthened commercial ties with the lender, so that customers with BlockFi accounts can withdraw their bitcoins in cash.
In a conversation with Cointelegraph, a Fidelity spokesperson reported that the offering represents a “demand for greater capital efficiency” among its clients.
The spokesperson also reported that the “full service offering that includes custody and trading will continue to help institutions enable capital efficiency, while prioritizing the security and tranquility of assets.”
It is important to note that BlockFi is considered in the financial market as one of the most important cryptocurrency lenders, and although it is characterized by being a company focused on retail trade when referring to the collection of deposits, that money is mainly lent to other institutions.
K. Villarroel
Source: cointelegraph
