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ETH · 206w

Digix & ETHLend Announce Partnership · October 10, 2017 · 12:30 am

BREAKING NEWS: Digix & ETHLend announce an extensive partnership on decentralized lending.

[Note: This is a press release.]

Tokenization of assets. Digix was one of the first proofs-of-concept on tokenizing valuable real-world assets. Tokenization means that a value is translated into a tradable and easily transferrable digital format, a token. Digital tokens may represent any value from the real world, such as commodities, shares or property.

Every DGX token contains the right to 1 gram of gold that is stored in an audited vault. Therefore, the value of the tokenized gold can be easily traded or pledged against a loan without moving the physical gold repository. This digital gold standard provides more flexibility to investors that are trading in physical gold.

Moreover, unlike many digital tokens whose value is based on speculation on a blockchain startups future, DGX tokens are subject to the price of real gold. Therefore, these tokens are useful in situations where an investor aims to avoid volatility, while still having the benefits of owning a digital good.

ETHLend is a decentralized peer-to-peer application that is running on Ethereum network. ETHLend is a global lending market that connects lenders and borrowers from all over the world. ETHLend offers secured loans with the use of ERC-20 compatible digital tokens as a collateral. The application is ideal for token holders who are in need for liquidity and all those who want to participate in a free lending market. Instead of selling and closing a token position, a borrower can easily pledge digital tokens to receive Ether.

ETHLend is additionally adding a function to tie Ether loans to fiat currencies to avoid volatility and allowing familiar loan agreements for everyone while keeping all benefits that separate blockchain technology from traditional banking: fast transactions even across borders, transpare...

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