Lendingblock platform consists of two types of users: lenders and borrowers, regardless of whether users are retail or institutional in nature.
1. Both groups are subject to KYC and AML verification in order to provide the highest security level of services and to become compliant with national regulations.
2. Lenders and borrowers are matched in a simple, safe and transparent way thanks to blockchain. Individual smart contracts are issued for each loan, protecting both party’s rights.
3. Lenders are able to capitalize on interest income from their asset portfolio and will be supported by full collateralization alongside smart contract-executed lending terms.
4. Borrowers access the previously-outlined benefits of asset lending within the cryptocurrency market, but are able to lend assets via the platform that offers transparent pricing and fee structure based on market supply and demand.