“The institutions are coming!! The institutions are coming!!”, is the call being heralded near and far in the crypto community over the last few months; and yes, they are coming!! With ICE backed Bakkt and Fidelity Investments announcing their forays into cryptos, this is a very positive sign that widespread adoption of cryptos is just over the horizon. However, it must be noted that institutional investors have been in cryptos from some time now; in the shadows, quietly accumulating for the big day to come. One institution that has been on the forefront of cryptos is Genesis Capital. Why I mention Genesis is because it has recently been named as an adviser to a very undervalued, underhyped, crypto lending platform for institutional investors known as LendingBlock...
LendingBlock is a blockchain based crypto lending platform that is focusing on financing solutions for high worth clients and financial institutions. As mentioned earlier, more and more institutions are entering cryptos and LendingBlock is looking to be a leader in this area. The crypto lending market has been estimated to reach 100’s of billions by 2020 which will make LendingBlock one of the top blockchain lending projects, if they are able to capture a fraction of this market. Although the leadership at LendingBlock has been making all the right moves to garner the community’s trust and support, we know that reaching this milestone is no easy task. Which is why bringing Genesis Capital into the inner circle as an adviser was a very, very good choice.
The Lendingblock-Genesis Capital partnership was well received by the crypto community and LND supporters alike, but I wonder if the significance of this relationship is actually understood. “Significance” meaning the man behind Genesis Capital, Mr. Barry Silbert. Mr. Silbert, who is the the founder and CEO of Digital Currency Group, which is the parent company of not only Genesis Capital, but also Grayscale Investments, CoinDesk, Second Market, and over 100 other cryptocurrency related companies is one of the most connected people in the crypto community; connections which will surely be leveraged to support the proliferation of the LendingBlock platform. Mr. Silbert’s whose net worth has been estimated close to a billion dollars (who knows? This is cryptos) is an early pioneer in the crypto space and has racked up success after success; thus having a keen eye to recognize the massive potential behind LendingBlock. With Steve and Linda’s boots on the ground (Co-founders of LendingBlock) and Barry guiding the way toward greater adoption by institutional borrowers and lenders, this is a dream team that will surely not disappoint in my opinion.
My mother used to always say, “Show my your friends and I will show you who you are”. If this old adage holds true, LendingBlock has certainly made the right “friends” which my mother would approve of (she actually has invested in LendingBlock). We all look at partnerships as a gauge of the direction a project is going, but the quality of these partnerships is equally important. Which is why I ask that you looking into LendingBlock and Mr. Barry Silbert to see how this project is poised to disrupt finance through lending and borrowing on the blockchain.
Links
Website: https://lendingblock.com/
Twitter: https://twitter.com/lendingblock
Reddit: https://www.reddit.com/r/Lendingblock/
Telegram: https://t.me/Lendingblock