Crypto loan platform Pledge raises capital

Pledge, which claims to be a leading marketplace for financial NFTs, has received an investment from US-based investor Gianfranco Filice, through his angel fund AKA Angel.

The FinTech company, which is headquartered in California, enables crypto holders and investors to take fixed-rate loans from the Pledge ecosystem without needing to sell their portfolio.

Its platform creates an NFT to represent each loan, bond, insurance or other asset.

Filice said, “Pledge’s most significant point of differentiation is to allow long-term holders of crypto to continue to share in an asset’s upside potential, while also recognizing that the desire to diversify into real assets may require liquidity at a time that is not opportune for investors.

“If modern portfolio theory is any indication of a sound investment strategy, the ability to maintain one’s crypto positions while also diversifying into other financial instruments such as equities, fixed income, real estate, ad infinitum will only create a more robust ecosystem for Web3 as a whole.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.