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Coinbase and Greengage Partner to Power SMB Financing with Blockchain Technology
Cryptocurrency exchange Coinbase is partnering with Greengage, a London-based financial services provider for small and medium-sized businesses (SMEs), to originate SME debt using the Coinbase Diamond protocol. The partnership seeks to use blockchain technology to provide SMEs with access to capital, promising a more efficient and transparent financing solution.
Speaking about this new agreement, Sean Kiernan, CEO of Greengage, said: “We are thrilled to be partnering with Monetary base on this groundbreaking initiative. By issuing SMB debt on the Coinbase Diamond protocol, we are not only enhancing our ability to support small and medium-sized businesses, but also paving the way for new financial innovations that will drive growth and sustainability in this critical sector.”
The Coinbase Diamond protocol improves the issuance and management of private capital. Using Blockchain Thanks to technology, the protocol issues native digital debt, making the process safer and more accessible to a wider range of investors.
In a statement shared with The financial magnatesThe partnership aims to address a critical need in the SME sector by enabling companies to access institutional-grade credit markets.
Greengage is a digital finance platform that offers e-money account services for SMEs. The London-based company focuses on multi-currency accounts and credit solutions, which it said are a perfect fit with Coinbase’s digital asset services. In addition to e-money account services, Greengage offers a B2B loan platform with digital sources of money.
Alignment with Coinbase Digital Asset Services
Last year, Coinbase unveiled Project Diamond, a smart contract-powered platform to enable institutions to create, buy, and sell digitally native assets. The launch was marked by the completion of the first debt instrument on the platform, as the project prepared to enter Abu Dhabi Global Markets (ADGM) RegLab sandbox.
The Diamond project uses the Coinbase and Base technology stack, a Ethereal blockchain layer-2, to support capital market activities. This platform aims to address the challenges of inefficient asset management by providing institutions with the tools to utilize next-generation financial technology.
Additionally, Coinbase has recently improved its cryptocurrency transfer processes by supporting sending and receiving cryptocurrencies via shared links on messaging and social media platforms. Links can be shared on WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, and Instagram, or even via email.
Cryptocurrency exchange Coinbase is partnering with Greengage, a London-based financial services provider for small and medium-sized businesses (SMEs), to originate SME debt using the Coinbase Diamond protocol. The partnership seeks to use blockchain technology to provide SMEs with access to capital, promising a more efficient and transparent financing solution.
Speaking about this new agreement, Sean Kiernan, CEO of Greengage, said: “We are thrilled to be partnering with Monetary base on this groundbreaking initiative. By issuing SMB debt on the Coinbase Diamond protocol, we are not only enhancing our ability to support small and medium-sized businesses, but also paving the way for new financial innovations that will drive growth and sustainability in this critical sector.”
The Coinbase Diamond protocol improves the issuance and management of private capital. Using Blockchain Thanks to technology, the protocol issues native digital debt, making the process safer and more accessible to a wider range of investors.
In a statement shared with The financial magnatesThe partnership aims to address a critical need in the SME sector by enabling companies to access institutional-grade credit markets.
Greengage is a digital finance platform that offers e-money account services for SMEs. The London-based company focuses on multi-currency accounts and credit solutions, which it said are a perfect fit with Coinbase’s digital asset services. In addition to e-money account services, Greengage offers a B2B loan platform with digital sources of money.
Alignment with Coinbase Digital Asset Services
Last year, Coinbase unveiled Project Diamond, a smart contract-powered platform to enable institutions to create, buy, and sell digitally native assets. The launch was marked by the completion of the first debt instrument on the platform, as the project prepared to enter Abu Dhabi Global Markets (ADGM) RegLab sandbox.
The Diamond project uses the Coinbase and Base technology stack, a Ethereal blockchain layer-2, to support capital market activities. This platform aims to address the challenges of inefficient asset management by providing institutions with the tools to utilize next-generation financial technology.
Additionally, Coinbase has recently improved its cryptocurrency transfer processes by supporting sending and receiving cryptocurrencies via shared links on messaging and social media platforms. Links can be shared on WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok and Instagram, or even via email.