Digital Prime Technologies, founded by former Cantor Fitzgerald executives, has launched a crypto lending platform named Tokenet, aiming to capitalize on the potential U.S. regulatory approval of Bitcoin ETFs.

Digital Prime Technologies, a company launched by former Cantor Fitzgerald executives, has entered the crypto lending market with a new platform named Tokenet. The platform is aimed at positioning itself for a boom expected with the potential approval of Bitcoin exchange-traded funds (ETFs) in the United States.

Already serving clients such as Xapo Bank, Tokenet allows the lending of digital assets to various players in the market, including EDX Clearing and Hidden Road Partners. The Jersey City-based company emphasizes strong risk management and user communication with features like chat for loan handling, showing its readiness to address current market needs.

This move by Digital Prime comes at a critical time. The market experienced a significant void after the downfall of crypto lenders like Genesis and Celsius last year, which slowed trading activity and limited options for crypto operations.

With signs pointing to a possible U.S. acceptance of direct Bitcoin ETFs, Digital Prime is betting on a revitalized demand for Bitcoin borrowing, especially from ETF issuers, potent

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Author: Bralon Hill

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