Fulcrum launches fully insured crypto lending platform
Switzerland-regulated platform Fulcrum has launched its crypto-backed loans and lending platform, offering insured deposits and high returns. The platform supports top coins such as BTC (12% APR), SOL (13% APR), and stablecoins USDT and USDC (14% APR). Licensed by FINMA and partnered with Lloyd’s of London for insurance, Fulcrum provides a safer alternative to traditional and crypto savings accounts. It focuses on over-collateralized loans, generating returns exclusively from lending activities. The platform is targeted at individuals, enterprises, and investors, offering flexibility and financial control while avoiding risky trading strategies.
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Introduction to Fulcrum Lending
Switzerland-regulated platform Fulcrum has announced the launch of its crypto-backed loans and lending platform, supporting top coins and stablecoins. Fulcrum Lending is licensed by FINMA, ensuring regulatory compliance.
High Returns on Crypto Savings
Fulcrum Lending offers highly competitive APRs:
- 12% APR on Bitcoin (BTC)
- 13% APR on Solana (SOL)
- 14% APR on USDT and USDC stablecoins
Fulcrum provides an appealing alternative to traditional savings accounts, combining crypto market returns with full insurance coverage.
Insurance and Institutional Support
Fulcrum has partnered with Lloyd’s of London for full insurance of customer deposits. Additionally, Fireworks will act as the custodian for user assets. This ensures maximum security and peace of mind for investors utilizing the platform.
Loan Features and Benefits
The platform allows users to obtain loans against their crypto portfolios. Crypto holders can:
- Borrow USDT at a 16% annual interest rate
- Use over-collateralized loans to ensure safety
Unlike traditional yield products, Fulcrum generates returns exclusively from lending activities rather than risky trading strategies.
User-focused Offerings
Fulcrum emphasizes greater financial control and flexibility for its users. After six months of beta and alpha testing, the platform is now live, fully insured, and aims to provide a robust alternative to conventional financial solutions.
CEO Statement on the Platform's Vision
Matthew Curtis, the CEO and founder of Fulcrum Lending, stated:
"Fulcrum has always been about empowering our community with innovative ways, and we prove this commitment by providing investors with a high-yield alternative to traditional savings accounts, while giving them a peace of mind with full insurance and regulation."
A Safer Approach in Crypto Lending
During a challenging period for crypto lenders, especially after the 2022 market collapse, Fulcrum sets itself apart by focusing on secured, over-collateralized loans. This approach reduces the risks involved and offers a safer, regulated alternative to high-risk trading products.