It’s helpful to be mindful that there are somewhere between 8-10 private placement trade platforms that are operational. It’s possible that the number one reason you or your colleagues could think that there’s actually a higher number, is because there’s different ways to to be a part of these platforms via a selection of different institutions, but in real terms the trade programs always end up with the same 8-10 private placement trade platforms.
Given that there are multiple paths to gain acceptance to these same 8-10 trade platforms, this effectively means there are a range of institutions and agents showcasing their own proposals and creative ways on how to enter a trade program. At the point the collateral is in place and secured, the Principal passes all KYC AML & DD, and a trade contract is signed, a Principal can then be accepted into the trade program.
It’s the asset segment which makes the change when using Bitcoin as the method of funding. The institution that we can introduce you to, will use your Bitcoin as collateral. The Principals Bitcoin will be asked to be sent to a custodial wallet whereby the custodian has primary control over the wallet. The Bitcoin is not at risk in addition it’s still under the 100% ownership of the Principal. The institution using the Bitcoin as collateral will then monetise the asset at around 80% loan to value, and then use the loan money as leverage and access a trade program in the tried and tested way. There is a $5 Million minimum access level for this program. But don’t forget this… your Bitcoin is not at risk and is safely held by a custodian throughout the term of the trade term length.
If you would like to learn more about a Private Placement Trade Program For Bitcoin BTC in New York City, or would like to speak to an advisor, contact GTES.