Exchange Hodl Hodl will launch the Debifi landing platform. As CoinDesk reports, founder and CEO Max Keidun spoke about this at the Baltic Honeybadger conference.

According to him, the platform will start operating in the first quarter of 2023. In the first phase, Debifi will offer stablecoin loans to its customers. Six months after launch, fiat loans will become available. In both cases, cryptocurrencies will act as collateral.

Keidun noted that the company has already signed deals with several liquidity providers. In this capacity, he emphasized that only corporate entities with the necessary licenses, such as banks, can join the platform.

Debifi has also signed contracts with Bitfinex exchange and XBTO crypto finance company. Second, it provides fiat loans secured by cryptocurrencies. Both firms are investors of Hodl Hodl.

The platform will not store client funds in a central wallet. Instead, the collateral will be blocked using multiple signatures.

Kaidun’s project was supported by Samson Moe’s Casa, Blockstream and Jan3.

In 2020, Hodl Hodl launched Lend, a non-custodial p2p platform.

In 2022, a number of centralized crypto lending platforms faced problems due to the collapse of the Terra ecosystem and subsequent collapse of the cryptocurrency market.

As a reminder, in August, cryptocurrency lending platform Hodlnaut suspended withdrawals, swaps and token deposits due to a liquidity crisis.

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