Clear Hedge Capital, a lending group for alternative investment vehicles, has announced it had entered into a partnership with BitGo Prime to offer multi-million loans to institutional investors.
The both companies, according to an official press release, will focus their services — built by a Wall Street team — only on institutional clients.
BitGo Founder and CEO Richard Tan says the collaboration allows offering a lending service that was not previously available to institutions.
"We are excited to see how this partnership with BitGo enables Clear Hedge to bring traditional credit investors into this new asset class," Tan added.
The popular crypto services provider launched BitGo Prime in May 2020.
The platform delivers a new level of control over cryptocurrency trading by aggregating liquidity from multiple counterparties, optimizing order flow and executions directly from the investors' custodial wallets.
Earlier, BitGo CEO Mike Belshe said that the government's decision to keep the lockdown for political correctness will increase the devaluation which, in turn, will make cash hard to hold.
The current crisis, according to BitGo CEO, will make institutional investors look for alternatives like bitcoin (EXANTE: Bitcoin) or gold.
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