Key Takeaways
Arch Lending announced it accepts PAX Gold and Tether Gold as loan collateral at starting loan-to-value ratios of up to 75%.
According to BlockchainReporter, alternative-asset lending platform Arch Lending announced on September 1 that it has started accepting PAX Gold and Tether Gold as loan collateral with starting loan-to-value ratios of up to 75%. Operated by ChainFi, Inc., the platform provides fixed 12-month loan terms with funding in dollars or USDC, utilizing Anchorage Digital as a federally chartered custodian.
The offering features minimum loans of $250,000, with monthly-payment rates starting at 9.25% APR for loans between $250,000 and $750,000, decreasing to 7.25% APR for amounts exceeding $5 million. Arch Lending targets gold investors, wealth advisors, family offices, commodities traders, and corporate treasuries. PAX Gold and Tether Gold join Bitcoin, Ethereum, Solana, and XRP in the platform's collateral offerings.
According to Himanshu Sahay, Co-Founder and CTO of Arch Lending, the platform is observing demand from advisors and family offices that possess gold allocations but have historically avoided borrowing due to slow processes that typically required asset sales.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
