BabelBank receives million-dollar investment from NGC
Neo Global Capital (NGC), one of the leading blockchain investment institutions, has invested in BabelBank, the blockchain digital asset financial services platform. As part of the relationship, BabelBank will bring financial services to the holders of NEO and ONT, etc. NGC is a venture fund which invests and empowers leading blockchain and cryptocurrency entrepreneurs, projects and communities.
The investment aims to address the growing global demand for liquidity in crypto market. BabelBank is building an open and sharing financial services ecosystem that facilitates credit at anytime and anywhere. Users can collateralize their cryptocurrencies for credit in varying loan denominations.
“The BabelBank is committed to making long-lasting impacts in the crypto market. The founding team has a wealth of experience and resources in financial services and payment solutions.”, said Wayne Zhu, Partner of NGC.
About BabelBank:BabelBank is a financial services platform for cryptocurrencies. BabelBank provides cryptocurrency backed lending, deposit, block financing, cryptocurrency financing, cryptocurrency margin trading, etc. Founded by former ICBC, PwC and famous Internet Company veterans, BabelBank is a leader in the crypto marketplace financial services. BabelBank is committed to building an open and sharing financial services ecosystem for crypto marketplace.
To learn more about this convenient way to borrow and lend, visit www.babelbank.io