Daiwa Securities Begins Offering Crypto-Asset Backed Loan Referrals

On the first of the month, Daiwa Securities Co., Ltd. began introducing 'Digital Asset Collateral Loans' at all its nationwide branches. This service allows customers holding cryptocurrencies such as Bitcoin and Ethereum to procure Japanese yen by using these digital assets as collateral, thereby meeting the funding needs of customers who own cryptocurrencies. The Digital Asset Collateral Loan is a service provided by Fintertech Co., Ltd., a group company. Since its launch in 2020, Fintertech has been well-received for enabling customers to meet their funding needs without having to sell their crypto assets. In this initiative, Daiwa Securities refers customers who 'hold crypto assets and have a need for yen funding' to Fintertech...