Entrepreneur First backs CreditMint to decentralize corporate lending.
CreditMint are preparing the Ethereum blockchain to be the world’s decentralised investment bank. At EF, we are excited about this exciting, practical application of Blockchain. Tom and Zac are a unique and great team, marrying a background in Finance and complex particle physics.
The corporate debt industry is migrating from a bank-led model towards smaller lenders. But these new-wave lenders are tied to constant cycles of reconciliation, and trading is slow and expensive. Furthermore, companies lose track of their creditors and the market is structurally illiquid.
CreditMint fix this using a public blockchain as the shared ledger for corporate debt. They provide a dealmaking platform, a trading layer, and a settlements facility, all communicating with one digital asset on Ethereum.
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