6419 Banks and credit unions
BlockFi New York , New York
New York US
Registration country:United States
Based in New York, BlockFi is a secured non-bank lender that offers USD loans to cryptoasset owners who collateralize the loan with their cryptoassets. Our products bring additional liquidity to the blockchain asset sector and meet the needs of individuals and institutions that hold cryptoassets. BlockFi holds clients' Bitcoin and Ether with a registered custodian and issues loans in USD to their bank accounts. Currently operating in a beta launch, we lend in 35 US states to retail investors and companies. BlockFi’s mission is to provide liquidity, transparency and efficiency to digital financial markets by creating products that meet the needs of consumers and corporations across the globe. We build bridges between traditional finance and digital markets that enable growth for all participants. The inspiration for BlockFi comes from both the enormous market opportunity and social impact potential of cryptoassets. Similar to the founding stories of many other companies, the idea was sparked by a personal experience. Leveraging a sophisticated infrastructure that integrates with multiple blockchains, we plan to expand our product set based on our retail and institutional clients' needs. All customer crypto balances are stored in a custodial account with Gemini.