Finance:Hodlnaut
| Type | Cryptocurrency |
|---|---|
| Founded | 2019 [1] |
| Founders |
|
| Headquarters | Singapore |
Key people | Juntao, Zhu (CEO) |
| Products | |
Number of employees | 30+ [2] |
| Website | www |
Hodlnaut is a Singapore-based cryptocurrency lending and borrowing platform that allows users to earn interest on their cryptocurrencies.[3] It was co-founded by Juntao Zhu and Simon Lee in 2019.[4]
History
CEO Juntao Zhu has previously worked with Credit Suisse before co-founding Hodlnaut with Simon Lee (CTO and Co-founder of Hodlnaut).[5] Hodlnaut is a portfolio company of Antler – a global VC firm that backs early-stage startups.[6]
Hodlnaut is headquartered in Singapore and also has an office in Hong Kong.[7] In April 2019, Hodlnaut launched the borrowing and lending product and received funds from its first-ever depositor.
In January 2021, Hodlnaut announced its financial attestation with Crowe Singapore, confirming $106 million Assets Under Management (AUM).[8]
A couple of months later, in March of 2021, Hodlnaut announced its Token Swap feature, enabling customers to swap between tokens within the Hodlnaut platform.
In April 2021, Hodlnaut announced a partnership with Fireblocks, an enterprise-grade platform that provides a secure infrastructure for moving, storing, and issuing digital assets.[9] Fireblocks is known to next-generation private key security (MPC-CMP) and hardware isolation technology (SGX) that creates multi-layer security, eliminating a single point of failure and insulating digital assets from internal collusion, human error, and cyber-attacks.
Hodlnaut announced a partnership with Jumio in April 2021. Jumio provides end-to-end AI-powered identity verification and eKYC solutions that improve the onboarding and KYC process. Hodlnaut partnered with Jumio to ensure its compliance with the regulatory requirements in Singapore that the Monetary Authority of Singapore sets.
In April 2021, Hodlnaut announced yet another financial attestation with Crowe Singapore, confirming $234 million in AUM and reached 5000 users soon after in May 2021.
Hodlnaut added support of Wrapped Bitcoin (WBTC) on its crypto interest-earning platform in July 2021.[10] Besides this, it also launched the Preferred Interest Payout feature in the same month. [11] This feature helps investors earn interest in the cryptocurrency of their choice.
In June 2021, Hodlnaut launched their iOS app which allows users to manage their cryptocurrencies on the go.[12]
Hodlnaut partnered with iTrust.insure, in July 2021, to facilitate the purchase of Nexus Mutual’s Custody Cover without leaving the Hodlnaut platform. This integration was done to break down the multiple barriers to adoption.
In August 2021, Hodlnaut collaborated with a local fintech firm, Tokenize, to help users purchase cryptocurrencies and earn interest on their assets.
In 15 September 2021, Hodlnaut partnered with Okcoin [13] to allow users from both platform to easily purchase [[cryptocurrencies] and earn interest on their assets.
Legal Status
Hodlnaut is a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS (Monetary Authority of Singapore).[14][15]
Hodlnaut has been designated as a recognized blockchain company by Singapore’s Infocomm Media Development Authority.
References
- ↑ "HODLNAUT PTE. LTD.". https://www.startupsg.gov.sg/profiles/15119.
- ↑ "Hodlnaut". https://www.linkedin.com/company/hodlnaut/.
- ↑ Yap, Jacky (2021-05-10). "How Singapore startup Hodlnaut is able to offer 10% interest rates on your cryptocurrencies" (in en-US). https://vulcanpost.com/745672/hodlnaut-10-per-cent-interest-cyptocurrencies-singapore/.
- ↑ "About Us". https://www.hodlnaut.com/company.
- ↑ "Founders Series, Juntao Zhu - Co-Founder and CEO of Hodlnaut" (in en). https://www.antler.co/blog/founders-series-juntao-zhu-co-founder--ceo-of-hodlnaut.
- ↑ Akhaya, Prisca. "Antler pours US$2.4M into its second batch of 17 startups" (in en). https://e27.co/antler-pours-us2-4m-into-its-second-batch-of-17-startups-20190704/.
- ↑ "Contact Hodlnaut | Email, Chat, Support". https://www.hodlnaut.com/contact.
- ↑ "Crowe Singapore Validates US$106M in Crypto Assets held by Hodlnaut | Crowe Singapore" (in en-GB). https://www.crowe.com/sg/news/crowe-singapore-validates-us$106-million-in-crypto-assets-held-by-hodlnaut.
- ↑ "Hodlnaut Selects Fireblocks to Provide Robust Security for Digital Assets" (in en-US). https://finance.yahoo.com/news/hodlnaut-selects-fireblocks-robust-security-023800274.html.
- ↑ "Blockchain Blocks: What You Need to Know About Wrapped Bitcoin" (in English). 2021-07-16. https://www.benzinga.com/markets/cryptocurrency/21/07/22015404/blockchain-blocks-what-you-need-to-know-about-wrapped-bitcoin.
- ↑ "Hodlnaut Announces the Launch of Preferred Interest Payout" (in en-US). https://finance.yahoo.com/news/hodlnaut-announces-launch-preferred-interest-100000398.html.
- ↑ "Hodlnaut Launchs Crypto Interest-Earning iOS App" (in en-US). https://thefintechtimes.com/hodlnaut-launchs-crypto-interest-earning-ios-app-and-bolster-its-affiliate-program/.
- ↑ "Singapore-Based Crypto Lending Platform Hodlnaut Partners with Leading Crypto Exchange Okcoin" (in en-US). https://finance.yahoo.com/news/singapore-based-crypto-lending-platform-010000665.html.
- ↑ "Fintech Startups in Singapore" (in en-US). https://fintechnews.sg/fintech-startups-in-singapore/.
- ↑ "Hodlnaut Pte Ltd – SG FinTech Directory" (in en-US). https://directory.singaporefintech.org/directory/listing/hodlnaut-pte-ltd.
External links
https://www.hodlnaut.com/company https://www.linkedin.com/company/hodlnaut/
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