Australian lending startup Loda gets $15m to further crypto collateralization efforts

Australian startup Loda, a lender that accepts crypto as collateral, has completed its first liquidity pool with the help of some heavyweight investors from the world of decentralized finance (DeFi).

Loda attracted more than 15 investors who poured $15 million into the lender’s first of three completed institutional liquidity pools, according to a press release on Friday,

The two remaining pools, which are still live, will be completed once demand calls for it, Dion Dalton-Bridges, CEO and founder of Loda, told CoinDesk via Telegram.

Participation in the first liquidity pool came from Framework Ventures, Spartan Capital, One Block, Mechanism Capital, Liquefy Labs, Apollo Capital, Maven 11, Ledger Prime, Cluster Capital, Signum Capital, X21 and others.

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Source: Australian Lending Startup Loda Gets $15M to Further Crypto Collateralization Efforts