What To Expect
Everyone understands the concept. Far fewer understand the structure.
Bitcoin-backed lending is having a second act. The first one ended badly. Genesis, BlockFi, and Celsius were processing billions in loans right up until they weren't, and the borrowers who thought their collateral was safe found out what rehypothecation actually means when a lender fails.
The market has a short memory. The infrastructure, when done right, does not.
Join Two Prime and BitGo for a direct conversation about what institutional borrowers consistently get wrong: LTV ratios that look conservative until volatility proves otherwise, custody arrangements that sound secure until the counterparty fails, and liquidation mechanics that are never explained until they are triggered.
Featuring:
Alexander S. Blume — CEO, Two Prime
Chen Fang — CRO, BitGo