Home Finance Coinbase and Spartan Group invest in crypto lender CLST

Coinbase and Spartan Group invest in crypto lender CLST

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CLSTa platform of crypto loan dedicated to institutional investorshas just completed a round of financing of ” several million dollars “.

Directed by Spartan Groupthe fundraising of the Swiss CLST also counts the participation of the investment branches of the crypto exchanges Coinbase and Kraken as well as that of the venture capital companies GSR, Menai Financial and Luno Expeditions (Digital Currency Group).

CLST presents itself as a “one-stop shop” for crypto loans and borrowing for institutional investors such as asset managers, hedge funds and banks.

Thanks to the newly raised funds – 5.3 million according to Coindesk -, CLST intends to strengthen and enhance its platform to provide a “facility for lending between institutional entities that has not been made possible until now.”

CLST sits at the intersection of the digital asset short-term debt market and the traditional capital market. Together with our investors and partners, we are building a market for stablecoins, digital assets, fiat and beyond,” Michael Guzik, the Zurich-based company’s boss, said in a statement.

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