Crypto as Collateral
In the past, the difficulty and costs of evaluating, liquidating, transferring, and storing assets used for collateral has required lenders to focus on the creditworthiness of their borrowers.
This inefficiency resulted in high rates for unsecured credit and a long, paperwork driven process for securitized loans such as mortgages.
Blockchain technologies and distributed ledgers represent a paradigm shift in the liquidity, evaluation, storage and transfer of assets.
TENEOS is building the tools to power credit in a crypto economy