News and Announcements
Helio Lending successfully launched into the Australian cryptocurrency market
- Published January 06, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Helio Lending launched into the Australian cryptocurrency market.
- The company is the first independent crypto lending company to actively lend within Australia under an Australian Credit Licence.
- Helio Lending provides holders of cryptocurrency safe and secure access to fiat funds without selling the currency.
Helio Lending has successfully launched into the Australian cryptocurrency market.
It is the first independent crypto lending company to lend within Australia under an Australian Credit Licence.
The company will unlock the monetary value linked with cryptocurrencies allowing everyday goods to be accessible to cryptocurrency holders through Helio’s new model.
John O’Shea, Helio’s Founder and Managing Director stated that Helio Lending will ‘introduce new lending capabilities and bring significant benefit to the Australian economy’.
He said: “The Australian economy will benefit through an unleashing of assets currently held as cryptocurrency back into our market.
“Our clients will have 50% more spending power than they currently do while still holding onto their crypto assets.
“These assets may be held in overseas exchanges or wallets, Helio allows these funds to be converted back to AUS, USD, EUR and HKD to be used by our clients.”
Helio Lending is aiming to target an untapped area that has potential for growth and expansion.
The company is pioneering the crypto asset backed lending market with an estimated $20 billion of crypto assets in Australia untapped, they will permit the use of approved digital assets for normal consumer transactions, such as luxury goods, property and other lending acquisitions.
Helio Lending provides holders of cryptocurrency safe and secure access to fiat funds without selling the currency.
Partnerships have been established with key contributors such as ETHLend.
Helio Lending will be one of the first companies to have a white label partnership with ETHLend.
About Helio Lending
Helio Lending is the first licensed and regulated cryptocurrency lender, based in Australia. ACL #391330
The lending service provides holders of cryptocurrency a secure way to access fiat funds, without selling any of their cryptocurrency.
Helio finances loans through an MIS, Helio Secured Income Fund (AFSL #302538) targeting to generate a secured return of 9.75% p.a, net of fees.
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