Credora Obtains Bermuda Digital Asset Business License
NEW YORK, Aug. 28, 2023 /PRNewswire/ -- Credora, the lending and credit intelligence infrastructure provider, today announced that it has received a Bermuda Class M Digital Asset Business License. Bermuda is a leader in the digital asset space and has a clear regulatory framework for varying types of digital asset businesses. The Class M License provides the optimal environment for new and innovative models seeking regulatory guidance.
- Credora announces plans to provide collateralized agency lending through newly licensed Bermuda subsidiary, expanding marketplace offering for institutions
NEW YORK, Aug. 28, 2023 /PRNewswire/ -- Credora, the lending and credit intelligence infrastructure provider, today announced that it has received a Bermuda Class M Digital Asset Business License. - Bermuda is a leader in the digital asset space and has a clear regulatory framework for varying types of digital asset businesses.
- Through the license, Credora plans to serve a larger global customer base and extend the company's regulated presence, which includes existing Credora subsidiary MSB registrations in Canada.
- Although it has been a challenging environment for digital asset lending, we value the BMA's support for more transparent business models, and shared interest in making digital asset lending more secure for all participants."