Brickblock and ETHLend reported on their strategic partnership. The main goal of collaboration is to streamline lending by using blockchain technology. They are planning to tokenize assets and make lending and credit more secure.
ETHLend is an application, which connects moneylenders and debtors from all over the earth. It offers loans and uses digital tokens as collateral, which can be spent on buying of Ether. Brickblock uses the Ethereum blockchain and gives an opportunity for people to invest their digital currency without any need to exchange it to real money. Users can also choose the type of funds, in which they want to invest, Brickblock offers both active and passive coin funds.
In the result of this partnership lenders can be sure that their collateral will be safe and supported by real money. It will be provided by Brickblock. As for ETHLend, it will help to conduct transactions without any necessity to sell company assets for getting liquidity. For advantageous sales clients have an opportunity to monitor rate of exchange, which will be incorporated from the marketplace.