The world’s first Bitcoin app that lets users add their Bitcoin accounts without giving away custody over the funds–Hoseki has announced a pre-launch partnership with financial products like Ledn, a Bitcoin-backed loans provider. It is aiming to provide bitcoin holders with “proof-of-assets” services.
Ledn is a digital products platform where you can earn a high-interest rate on your Bitcoin. The Hoseki app will provide digital asset attestation services, allowing users to express ownership in bitcoin and also originate a bitcoin-backed loan.
The proof of assets in the bitcoin-backed mortgage product is similar to an alike service based on proof of reserves for custodians.
Adam Reeds, CEO of Ledn commented on the announcement saying, “Easy and standardized asset ownership documentation for all bitcoin investors can accelerate the volume of loan originations and broader maturity of the digital asset market by leaps and bounds.”
Hoseki users will be required to submit standardized proof of asset documentation to Ledn, and a lender’s tab will display Ledn’s information and educate prospective borrowers on the first steps toward getting a bitcoin-backed loan through Ledn.
Sam Abbassi, CEO of Hoseki said, “Hoseki’s proof of asset documentation will be essential for borrowers to work with teams like Ledn as the bitcoin economy continues to grow and mature.”
Marking the slow mainstream adoption of the crypto industry especially Bitcoin in Wall Street, Goldman Sachs offered a secured lending facility where it lent fiat collateralized on Bitcoin for the first time.
