Enness Global has announced a tenfold rise in enquiries for Bitcoin-backed lending over the past 90 days.
The international mortgage broker attributes this to the rising value of Bitcoin and recent developments in the US, including Donald Trump’s re-election and his pledge to position the country as a global leader in cryptocurrency.
Enness works with a wide range of lenders, including Swiss private banks, alternative finance lenders, private credit funds and international exchanges.
The broker argues that while borrowing against Bitcoin at lower values can be “relatively straightforward”, securing higher loan amounts requires specialist advice and guidance. At this level, ensuring optimal lending terms, protecting the security of assets, managing margin calls, and navigating the potential use of underlying tokens during the loan term, are all critical considerations, it claims.
Islay Robinson (pictured), CEO of Enness Global, said: “Our expertise in bridging the gap between traditional finance and securities-backed lending, including crypto assets, has never been more critical.
“With cryptocurrency markets on the rise and new policies accelerating crypto innovation, decentralised currencies are becoming mainstream assets for the wealthy. As well as sourcing traditional forms of finance our clients are increasingly looking to leverage recent gains in their Bitcoin portfolios. As one of the world’s first Bitcoin loan brokers we’re proud to continue leading the way in providing the tailored solutions they need.”
Recent enquiries range from £1m-£50m loan requests secured against Bitcoin, Etherium and others, with the use of the loans ranging from buying real estate, reinvesting in digital assets right, to clearing tax bills incurred from trading assets.
