Clients are understandably worried about transparency after feeling betrayed by the collapse of other lending platforms in 2022. Many clients have requested a custodied loan solution versus our standard bitcoin-backed loans. Consistent with our focus on providing increased choice and transparency for our clients, we have made the decision to deliver a Custodied Loan option.
By launching Custodied Loans alongside our monthly Open Book Report, we aim to provide the same choice and transparency for our Loans as we do for our Savings experience.