The fintech company Arch has launched a crypto lending product, with collateral assets custodied by BitGo

ChainCatcher news, fintech company Arch has launched a cryptocurrency lending product that allows customers to use alternative assets (starting from cryptocurrencies) as collateral for loans. The collateral will be custodied by BitGo, and customers can freely repay the loans using USD or USDC.

In addition, Arch also announced that it completed a $2.75 million funding round in the second half of 2022, which will be used to develop the team and financial partnerships, as well as to address regulatory issues. (Source link)