It’s vital to note that there are around 8-10 private placement trade platforms that are up and running. Perhaps the honest reason you or your associates potentially think that there’s actually many more, is because there’s numerous ways to take part in these platforms via numerous different institutions, but in reality the trade programs always end up with the same 8-10 private placement trade platforms.
Given that there are different routes to enter these same 8-10 trade platforms, this means there are a number of institutions and agents offering their own solutions and creative ways on how to get started. Once the collateral is in place and secured, the Principal passes all due diligence KYC and AML checks, and a trade agreement is signed, a Principal can then access the trade program.
It’s the asset piece of the puzzle which makes the difference when using Bitcoin as collateral. The institution that we can connect you to, will use your Bitcoin as collateral. The Principals Bitcoin will be required to be transferred to a custodial wallet whereby the custodian has full control over the wallet. The Bitcoin is never at risk and it’s still under the complete ownership of the Principal. The institution accepting the Bitcoin as collateral will then monetise the collateral at approximately 80% LTV, and then use the loan proceeds as leverage and enter a trade program in the normal way. There is a $5 Million minimum entry level for this program. Remember… your Bitcoin is never at risk and is securely held by a custodian throughout the term of the trade agreement.
If you would like to discover more about a Private Placement Trade Program For Bitcoin BTC in Uster, or would like to request a call, contact GTES.