Tesseract, the Finland FSA-regulated digital asset innovator lending company, is thrilled to announce its strategic collaboration with Bitstamp, one of the most trusted names in crypto, to introduce a groundbreaking transparent lending product. This initiative underscores Tesseract’s commitment to redefining the crypto lending landscape by fostering transparency, security, and technological innovation.
Bitstamp’s reputation as one of the most regulated entities in the crypto space aligns seamlessly with Tesseract’s vision of offering a secure and reliable lending solution. With this collaboration, both entities embark on a journey to shift the paradigm of crypto lending from opacity to radical transparency.
As Jean-Baptiste Graftieaux, CEO of Bitstamp, said “We’re re-building crypto lending from the ground up — shifting from the often opaque and mysterious world of crypto lending to being radically transparent and accessible.”
The newly unveiled lending product extends a multitude of compelling features designed to cater to both the seasoned crypto enthusiasts and the growing user base. Users can now access an unparalleled opportunity to engage in lending activities across select European markets, Hong Kong, and the UAE.
This product introduces a daily rewards structure, all while eliminating the constraint of a lock-up period. Beyond established cryptocurrencies such as Bitcoin and Ethereum, the offering encompasses a diverse array of large-cap coins, including Circle’s USDC and Tether’s USDT, as well as XRP, BCH, LINK, LTC, and APE.
Jean-Baptiste Graftieaux, CEO of Bitstamp, expressed his enthusiasm for the collaboration, stating, “Bitstamp’s commitment to transparency and regulatory compliance perfectly aligns with Tesseract’s vision. Our collaborative product represents a significant step towards ushering in a new era of accessible and secure crypto lending.”
As part of this initiative, Bitstamp pledges to deliver monthly lending performance reports, furnishing users with comprehensive insights into product performance, risk profiles, and collateral levels. These reports serve as a testament to the commitment of both Tesseract and Bitstamp in setting a new standard of transparency within the crypto lending domain.
Tesseract’s strategic partnership with Bitstamp encapsulates the shared dedication of both entities in shaping the future of the crypto lending landscape. By combining Tesseract’s innovative approach with Bitstamp’s established reputation, this collaboration is poised to make a lasting impact on the crypto community.
To see the product in action visit the Bitstamp website:
https://www.bitstamp.net/crypto-lending/
To read more about the partnership visit the news article on The Block:
https://www.theblock.co/post/225024/bitstamp-bitcoin-crypto-lending-europe
Bitstamp is one of the longest-standing cryptocurrency exchanges, known for its commitment to regulation and security within the industry. With a strong emphasis on transparency and compliance, Bitstamp has positioned itself as a trusted platform for crypto trading and investment.
Learn more at https://www.bitstamp.net
Tesseract is a Finland FSA-regulated digital asset innovator lending company headquartered in Helsinki, providing yield-generating solutions to institutional clients, such as cryptocurrency trading platforms and custodians, globally. Our plug’n’play yield platform, Earn API by Tesseract, enables partners to automatically offer their customers a full suite of crypto financial products tailored to specific risk strategies.
Since our founding in 2017, we have a track record of rigorous risk management, innovation, and profitable growth. In June 2021, we raised a 25 MUSD Series A to supplement our scaling up.
We are recruiting and are always excited about meeting new talent. Learn more at https://tesseractinvestment.com/.
© 2023 Tesseract. All Rights Reserved.
Tesseract Group Oy is regulated by the Finnish Financial Supervisory Authority (FIN-FSA) as a virtual currency service provider.
