Avrio and Moon Merge to Expand Crypto Lending Services

August 6th, 2024 1:00 PM
By: Newsworthy Staff

Avrio Worldwide, PBC and Moon Mortgage Inc. have announced a merger to deliver innovative crypto lending products to retail and non-retail markets, potentially reshaping the landscape of digital asset-backed loans.

Avrio and Moon Merge to Expand Crypto Lending Services

In a significant development for the cryptocurrency lending sector, Avrio Worldwide, PBC (Avrio) and Moon Mortgage Inc. (Moon) have announced their merger through a bi-directional common stock acquisition. This strategic partnership aims to introduce a range of crypto lending products to both retail and non-retail markets, leveraging Avrio's extensive ecosystem of companies and partners.

Moon, known for its specialization in collateralized crypto lending, offers products that allow customers to access funds for various purposes without relinquishing their ability to trade the underlying crypto assets. A key feature of Moon's service is that customer assets are not lent out, providing an added layer of security and flexibility for borrowers.

Avrio, the parent company of several entities involved in digital financial market infrastructure, views this merger as a significant step in expanding its portfolio of innovative digital financial products and services. The company's ecosystem includes Arkonis, a U.S. broker-dealer and Alternative Trading System (ATS) operator, as well as platforms for trading unregistered securities, ETFs, funds, and NFTs.

Lawrence Wintermeyer, CEO of Avrio, highlighted the timeliness of this merger, citing the recent success of bitcoin and ETH ETFs as evidence of strong market demand for crypto-related financial products. Wintermeyer emphasized the importance of Moon's un-hypothecated lending model, which allows customers to borrow against their Bitcoin or Ethereum holdings while retaining the ability to trade these assets.

Aaron Nevin, Co-founder and CEO of Moon, expressed enthusiasm about the partnership, noting Avrio's innovative platform and extensive ecosystem as key factors in the decision to merge. The collaboration is expected to accelerate Moon's market entry and expand its reach to global markets.

This merger comes at a time when the cryptocurrency market is experiencing renewed interest from institutional investors. The recent launch of bitcoin ETFs, with BlackRock's offering setting records for growth, underscores the increasing mainstream acceptance of digital assets as a legitimate investment class.

The combined expertise of Avrio and Moon could potentially address some of the challenges faced by the crypto lending industry in recent years. Moon's regulated and transparent lending options aim to restore confidence in a sector that has been affected by the actions of some bad actors.

For investors and crypto enthusiasts, this merger could mean increased access to financial products that bridge the gap between traditional finance and the world of digital assets. The ability to borrow against crypto holdings without losing trading capabilities could provide new opportunities for portfolio management and liquidity.

As the cryptocurrency market continues to evolve, partnerships like the Avrio-Moon merger may play a crucial role in developing the infrastructure needed to support the growing intersection of digital assets and traditional finance. The success of this venture could potentially influence regulatory approaches to crypto lending and set new standards for transparency and security in the industry.

Interested parties can find more information about Avrio and its services at https://avriotech.io, while details about Moon Mortgage Inc. are available at https://www.moonmortgage.io/.

Source Statement

This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,

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