I think we have made it clear that we are mirroring a very conservative estimation based on the traditional securities lending space, where 12.5% of the total assets in circulation are used as collateral, generating a direct interest income of $4.5 billion. ![]() Hi Linda, I have been reading your whitepaper, and some of the forward projections, especially regarding the projected market share seem quite extreme. However their matching system is opaque as it show you how they are matching you to the borrowers and lenders and work on an application basis rather than an order book basis. SALT is a crypto to fiat lending platform. What differentiates Lendingblock from SALT specifically? SALT is maybe the best known lending ICO. We are unique in actually creating an exchange, mirroring securities lending in traditional finance. Yes, I think it’s important not to bucket lending in one group, just like you have every other bank doing lending there is consumer lending, business loans, mortgage lending, payday loans, its important to understand that there is such huge variety of lending in the financial ecosystem today that we are only scratching the surface of it being represented in the crypto ecosystem. What projects do you consider competitors and what differentiates you from them? Linda, there has been a lot of lending related ICO’s lately. I ended up running the tech team that did that across all asset classes.Īt Deloitte I was a partner focused on providing tech strategy advice to investment banks and exchanges, which is where I first saw the potential of blockchain. My career started at Lehman, I was initially a c++ developer working on the equities trading floor, writing pricing and risk models. ![]() & Deloitte? I know even Ian Ballina was excited at the team’s experience, calling it an all star team. Steve, what were your roles at Lehman Bros. It was then that realised the gap in the market for cryptocurrency lending that I decided to start Lendingblock. I then left to start my own lending business - a p2p mortgage lending while trading cryptocurrencies on the side. My first job was working as a product manager in Deloitte’s blockchain lab, building identity solutions on the ethereum network in 2014. I studied Computer Science and have had an interest in blockchain technology since graduating from Cambridge and UCL. ![]() Welcome Linda….let’s get the AMA kicked off. Just getting ready to answer a marathon of questions :) Welcome to another edition of Wolf Crypto AMA, this time with Lendingblock. Here’s what Lendingblock Co-founder & CEO Steve Swain & Co-founder & COO Linda Wang had to say in the AMA.* You can also visit the Lendingblock Telegram channel for further details.
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