Clear Hedge Capital recently announced that it was collaborating with BitGo Prime to offer large institutional loans of $10 million or higher in the digital asset space. The partnership will be a great opportunity for Clear Hedge Capital to bring traditional credit investors into a new asset class.
Details of the Partnership
BitGo Prime offers institutional investors digital asset financial services, fast execution, increased liquidity, and competitive aggregate pricing. The company offers industry-leading lending services that ensure institutional clients have a trusted partner. BitGo’s trading and lending services were created by a team that previously worked on Wall Street and has an in-depth understanding of the needs of institutional clients.
What the Leaders Had to Say
Commenting on the partnership, the BitGo CEO and founder Richard Tan said that it would present an opportunity to offer a lending service that was previously unavailable to institutions. He added that BitGo was excited to see how the partnership would enable Clear Hedge to bring traditional credit investors into a new asset class.
BitGo Prime CEO, Nick Carmi, had equally positive sentiment, stating that:
“Both Clear Hedge and BitGo Prime are focused on building deep, trusted relationships with large institutional clients to deliver a blend of Wall Street’s sophisticated understanding of the lending business and the best of Silicon Valley’s technology and innovation for digital assets.”
While commenting on the issue, the Deputy Vice Chairman of Gawah Holdings Inc. said that:
“The foundation of our commitment to Clear Hedge was based on a recognition of a niche opportunity identified by the leadership team. Partnering with a global leader like BitGo, would allow Clear Hedge to utilize its vast experience in structuring institutional loans and to add to BitGo’s expanding lending services.”
About Clear Hedge Capital
Clear Hedge Capital is a company based in Palo Alto, CA. The company is a leading specialist that is experienced in helping hedge funds, broker-dealers, proprietary trading groups, and other alternative investment vehicles to acquire financing for various purposes such as enhanced leverage, asset-growth financing, liquidity solutions, and others. Firms that are unable to access capital from traditional sources usually seek their services.
BitGo is a leading financial services provider in the digital asset space. They offer investors custody solutions, liquidity, and security solutions for their digital assets. They launched BitGo Prime in 2020, which is the first solution in the world that offers lending, trading, and qualified custody services. Besides that, the platform offers BitGo Tax and Portfolio solutions.
Today, BitGo processes over 20% of all Bitcoin transactions in the world. Its platform supports over 250 crypto assets. Its services are used by some of the largest players in the crypto market from over 50 nations including crypto exchanges. Major financiers such as Goldman Sachs, Redpoint Ventures, Galaxy Digital Ventures, DRW, Digital Currency Group, Craft Ventures, and Valor Equity Partners back the company.