DrawBridge Lending is one of 15 companies selected by a committee of
experts in the futures, options and cleared swaps industry.
CHICAGO–(BUSINESS WIRE)–DrawBridge Lending, a crypto-backed loan service provider for digital
asset holders, has been selected as one of the top 15 start-ups that
will be exhibiting at the 2018 Innovators
Pavilion during the 34th Annual FIA Expo in
Chicago October 16 – 18. The Innovators Pavilion showcases startup
companies providing forward-thinking solutions for the futures, options
and cleared swaps industry.
DrawBridge Lending was chosen from a competitive pool of applicants to
showcase its cryptocurrency-backed lending solution to more than 4,500
attendees at the largest gathering of derivatives industry professionals
in the world.
“I’m proud to announce that DrawBridge Lending was chosen to be featured
in the 2018 class of FIA Innovators,” said Matt Haraburda of XR Trading,
chairman of the Innovators Pavilion selection committee and executive
committee member of the FIA Principal Traders Group (FIA
PTG). “DrawBridge Lending and the other FIA Innovators represent
some of the most progressive and forward-thinking work being done in
fintech related to cleared derivatives. I’m looking forward to seeing
their work showcased at Expo.”
DrawBridge Lending developed an innovative lending platform to provide
cash liquidity to cryptocurrency holders in exchange for a pledge of
their digital assets as collateral. Unlike other lending services in the
crypto space, DrawBridge Lending will never initiate a margin call for
borrowers and will be announcing their latest lending solutions at the
FIA Expo event.
“DrawBridge Lending is excited to be part of this competition and looks
forward to learning more about other innovators in the futures
industry,” said Tom Anderson. President at DrawBridge Lending. “Over the
last 3 months, our team has developed a lending solution for
cryptocurrency holders that we believe is a game changer in the
financial industry. We have big plans for the future and look forward to
announcing our new lending platform at the Innovators Pavilion.”
DrawBridge Lending and other Innovators were selected on the basis of
applications that were submitted and reviewed by a committee of industry
experts assembled by FIA.
About DrawBridge Lending
DrawBridge Lending initiates cash loans secured by digital assets on a
Blockchain. Operating as a CFTC regulated Commodity Trading Advisor
(“CTA”), Commodity Pool Operator (“CPO”) and licensed lender, DrawBridge
Lending uses both a custodian bank & risk management strategies to
protect borrower assets and lender capital.
is the leading global trade organization for the futures, options and
centrally cleared derivatives markets, with offices in London, Singapore
and Washington, D.C. FIA’s membership includes clearing firms,
exchanges, clearinghouses, trading firms and commodities specialists
from more than 48 countries as well as technology vendors, lawyers and
other professionals serving the industry.