The Dutch bank ABN Amro, Earlybird, and Berlin-based fintech startup solarisBank have invested in blockchain-oriented startup CrossLend. The companies took part in a $14 million funding round. CrossLend, also based in Berlin, leverages distributed ledger technology (DLT) to develop a European debt exchange.
CrossLend was founded in 2014 as an online marketplace for bonds and other types of loans. The company specializes in debt securitization, enabling users to create a bond portfolio while offering new financing channels to European MSMEs.
Christian Nagel, a partner at VC firm Earlybird, is positive about CrossLend's plan to shift from an online investment bank to a debt exchange. He
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