Kiernan and I exchanged insights on the role of cryptocurrency as a bridge between digital and traditional finance, addressing liquidity needs and providing tailored solutions.
He highlighted Greengage’s role in banking innovation, with over 70 accounts and GBP 100 million ($124 million) in lending. Greengage’s innovative approach to lending through crypto-collateralised loans enables it to address diverse client needs, bridging the digital and traditional financial sectors.
Recognising the substantial lending gap of GBP 22 billion ($27 billion) for small and medium-sized enterprises (SMEs) in the UK, Kiernan devised Greengage’s advanced “credit library” matching system to address the issue head-on.
Kiernan’s vision includes integrating traditional banking with decentralised finance principles, revolutionising peer-to-peer lending through sophisticated underwriting solutions. Emphasising collaboration and regulatory compliance, Greengage remains dedicated to empowering SMEs and driving positive change in the financial landscape.
Key discussion points:
● Using crypto-assets as collateral for loans offers advantages over traditional methods, providing increased liquidity and access to capital
● Integrating traditional banking with DeFi principles is a dynamic process that shapes the vision of financial institutions
● Revolutionising peer-to-peer lending, particularly for larger loans, involves sophisticated underwriting solutions to mitigate risks for borrowers and investors
● Partnerships with regulated entities are vital in navigating regulatory complexities in the crypto and fintech space, ensuring compliance while fostering innovation
● The future of tokenisation in banking and finance involves exploring broader cryptocurrency applications beyond lending, such as payments and asset management
