Gluwa launches first cryptocurrency venture debt fund within Ethereum ecosystem

Gluwa launches first cryptocurrency venture debt fund within Ethereum ecosystem
фото показано с : invezz.com

2021-9-10 17:01

Gluwa, a San Francisco-based financial platform, launched a cryptocurrency native venture debt fund on the Ethereum (ETH/USD) Network, the first of its kind, Invezz learned from a press release. The fund offers a top APY of 12% to retail investors. This is in line with Gluwa’s borderless financial vision, aimed at connecting investors worldwide to lucrative, high-growth opportunities in new, capital-limited markets.

Credit lines for underbanked and unbanked

The platform pools staked funds and uses them to offer its partners liquidity as well as credit lines and other credit opportunities for the unbanked and underbanked. Such credit lines are a great way to start a business or otherwise access funds at a time of need. Among Gluwa’s partnerships with credit companies are ones with Jenfi, who fund digital businesses in Asia, and Aella, who provide credit lines to millions of people in Africa. 

Fixed-term fund on Luniverse

The new venture debt fund runs on a Luniverse Ethereum sidechain and will have a fixed term of 3 months. Investors can take part in the account by exchanging Bitcoin (BTC/USD) to the Gluwa stablecoin sUSDC-G via Gluwa’s in-app non-custodial exchange. Deposits will be made depending on order of arrival starting with an investment cap of $500,000 sUSDC-G.

Upcoming investment products 21/22

More than 1,000 people have completed KYC before the launch, which is just the first of Gluwa’s investment products. Other upcoming accounts include a 5% APY savings accounts and a prize-linked account, offering collective interest of 4% APY. Gluwa Invest marks the inception of a broader strategy to achieve a decentralized credit ecosystem for non-collateralized lending based on the Creditcoin blockchain.

Gluwa Invest Product Manager Brendan O’Toole said:

“The launch of Gluwa Invest is a significant milestone, and a major step towards realising our final vision: connecting people all over the world with the opportunities, capital and investment they need.”

Gluwa CEO Tae Oh added:

“Our users benefit twofold. Firstly, by making responsible investments that provide credit opportunities to millions of people; and secondly, by providing our investors with industry-leading returns.”

The post Gluwa launches first cryptocurrency venture debt fund within Ethereum ecosystem appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Smart Investment Fund Token (SIFT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SIFT

fund ethereum gluwa cryptocurrency debt venture press

Источник: invezz.com

fund ethereum → Результатов: 126


Фото:

Crypto Fund Gives Ethereum Tokens Instead of Shares to Investors, And It’s Approved by the U.S. SEC

A 2018-founder crypto firm just got the green light from the U. S. SEC to function as an Ethereum-issuing investment fund on Monday, in a first such structure. Own a Hedge Fund’s Tokens Based in Los Angeles, Arca is an asset management firm that creates and manages institutional-grade products using crypto and blockchain technology, as itsRead MoreRead More.

2020-7-8 13:00


Фото:

Why This Respected Fund Manager Sees DeFi Thrusting Ethereum 4000% Higher To A Trillion-Dollar Market Cap

Some investors are still wary of a March-like market correction. With crypto markets, you can never predict, of course. For instance, who could have foreseen such a massive crash in mid-March, and who could have also seen the swift recovery from the painful lows? Ethereum has recovered over 120% from the lows of March. However, […]

2020-6-20 14:34


After 90% crash, Ethereum just printed a major cycle bottom: fund manager

Believe it or not, there was a time when a single Ethereum traded for over 0.10 BTC, meaning that you could sell a mere handful of the altcoin and obtain a whole Bitcoin as a result. However, it’s a whole different story today; since the highs set at the peak of 2018’s bubble, altcoins have […] The post After 90% crash, Ethereum just printed a major cycle bottom: fund manager appeared first on CryptoSlate.

2020-4-27 16:00


What Pushed Bitcoin Up 65% in 2 Months? Top Fund Manager Explains

Since the middle of December, Bitcoin has been on an absolute tear higher, rallying from $6,400 to $10,550 earlier this week, per data from TradingView. This marks a surge of over 60%, meaning that the cryptocurrency outpaced a majority of other multi-billion-dollar assets save for Ethereum, XRP, and Tesla. This strong surge comes shortly after...

2020-2-15 07:00


Will Ethereum’s “parabolic” DeFi growth be the main factor of ETH recovery?

Year-to-date, the price of Ethereum is down slightly from $155 to $148 and has been noticeably struggling to recover to 2018 levels. As said by Adaptive Fund partner Willy Woo, on-chain fundamentals determine the long term trend of a cryptocurrency like Bitcoin and short term price movements are primarily dictated by margin trading platforms such […] The post Will Ethereum’s “parabolic” DeFi growth be the main factor of ETH recovery? appeared first on CryptoSlate.

2019-11-24 17:55


Фото:

eToro’s Twitter-Based Cryptocurrency Trading Strategy Could Be Ruined by Artificial Intelligence

eToro’s new TheTIE-LongOnly CopyPortfolio attempts to collapse the entire crypto sentiment of Twitter users into an automatically rebalancing basket fund—and that might be a big problem. Currently, the TheTIE-LongOnly CopyPortfolio algorithm automatically invests in a selection of up to 13 different digital assets, these are: Bitcoin (BTC), Ethereum (ETH), XRP, IOTA, Bitcoin Cash (BCH), NEO, […] The post eToro’s Twitter-Based Cryptocurrency Trading Strategy Could Be Ruined by Artificial Intelligence appeared first on BeInCrypto.

2019-10-19 02:17


FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP

Grayscale Investments got a green light from FINRA for a publicly-quoted security that derives its value from a basket of digital currencies, similar to ETF. The news was made official through a press release, which read, “Shares of Grayscale® Digital Large Cap Fund (DLC) have received approval from FINRA for public quotation under symbol: GDLCF […] The post FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP appeared first on AMBCrypto.

2019-10-15 21:30


Фото:

Ethereum Foundation donates $18K to UNICEF’s new cryptocurrency fund

Further to its previous blockchain exploits, the United Nations Children’s Fund, more commonly known as UNICEF, is now taking donations in cryptocurrency. According to an announcement earlier today, UNICEF is setting up a “cryptocurrency fund” so that it can “receive, hold, and disburse donations of cryptocurrencies,” specifically Bitcoin and Ethereum.

2019-10-9 12:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Exclusive interview: Playnance COO sees a ‘new generation of GameFi’ ahead

Bigger, more notable names in gaming will eventually “adopt blockchain technologies”, says Yaniv Baruch. He’s the chief operating officer at Playnance.   What Baruch expects will help boost blockchain integration Baruch acknowledged user experience and complexity as “major barriers” for the gaming companies to switch to blockchain technologies.

Sceptre launches liquid staking on Flare to maximize FLR yield

Sceptre, a new liquid staking protocol developed by Rome Blockchain Labs (RBL), is now live in private beta on the Flare blockchain. This innovative protocol is designed to maximize the yield of the FLR token by enabling holders to participate in decentralized finance (DeFi) protocols while still claiming native Flare rewards and monthly FlareDrops. Integration […]

HAQQ Network teams up with evmOS to broaden DeFi functionalities

HAQQ Network teamed up with evmOS to offer a broader range of DeFi functionalities to its users and developers on Wednesday.   Details of HAQQ-evmOS partnership The new partnership enables “cross-chain compatibility” with the Cosmos and Ethereum networks.

Here’s an overview of what Metacade has planned for 2024

Metacade – a blockchain based gaming platform looks positioned for a solid 2024 even though it already ended the last year on a strongly positive note. Glimpse of what 2023 looked like for Metacade The GameFi platform went live with its Public Beta Launch in the final week of November and ended the recent year […]