Bad Idea IMO...


Crypto rich but low on cash?

With all the ICOs that have taken place (not to mention the meteoric rise in the value of crypto assets late last year), there are a lot of entrepreneurs who fit this description, but few products that allow them to turn long-term HODLing into actionable capital.

That's the idea behind a new subsidiary being started by Dominion Capital, a family office based in New York City. While the company has long invested in a variety of assets, Dominion's known for helping to finance projects by backing loans.

As it turns out, Dominion has also been quietly involved in crypto for years, and the firm believes now is the time to prove the worth of the nascent asset class by expanding its services into the sector.

Source: https://www.coindesk.com/cash-hodl-family-office-offer-loans-bitcoin/