TechFlow to a report by Coinpost on January 20, cryptocurrency broker K33 announced on January 19 the launch of a cryptocurrency-backed lending service, allowing customers to use digital assets such as Bitcoin (BTC) and Ethereum (ETH) as collateral.
This service will allow customers to borrow stablecoins such as USDC, improving liquidity while maintaining their digital asset positions. K33, headquartered in Norway, is listed on the Nasdaq First North Growth Market.
K33 stated that cryptocurrency-backed loans are not yet widely available in the Nordic region, and the service will initially be offered to a select group of eligible customers. CEO Torbjørn Bull Jenssen said the move aims to enhance customer convenience, expand service coverage, and create new revenue use cases for Bitcoin treasuries.
