K33 Taps Bitcoin Holdings to Launch Crypto-Backed Lending
K33, a digital asset brokerage listed on Nasdaq First North, has launched a crypto-backed lending service for Nordic investors. The new product allows clients to borrow USDC using Bitcoin and other cryptocurrencies as collateral, enabling them to access liquidity without selling their long-term holdings. According to CEO Torbjørn Bull Jenssen, this aligns with the firm’s Bitcoin treasury strategy and offers a regulated lending solution in a region where adoption has been limited by regulatory and infrastructure challenges. The move aims to expand K33’s product offerings, increase client engagement, and generate revenue. In contrast, decentralized finance platforms like World Liberty Financial are also expanding crypto lending services, reflecting growing demand for alternative financing models.
TheNewsCrypto01/19 15:18
