![]() ![]() Just the strike price of that loan to value, think about your home moving 50% in a six month period, you might want to refi or you might need to put more money up. ![]() So our loans are one to six months in duration, and we offer renewal options, so you can re-up and renew. It’s a very volatile asset, and our backgrounds are managing that volatility, but there’s only so much you can do when something moves as rapidly as that does, which is an advantage to the asset, but it’s also difficult from a lending capacity. Jason Urban: We typically focus one to six months. Lee Neubecker: What is the duration of your loans typically? Lee Neubecker: So, if someone’s sitting on say 100 bitcoin, which is quite a bit of money, you’d allow them to take out a loan against that bitcoin and use that for short term cash expense or whatever? People who have these digital assets and because of the way they’re categorized here in the States from the IRS perspective, when you spend them, when you use them, you encounter a taxable situation, but to the extent that you might need to pay your power bill or to go on a vacation or buy that boat you always wanted, you need fiat, you need US dollars, and what we provide is a mechanism or platform for people to borrow against the digital asset holders. Jason Urban: I think there is a wide variety of people. Lee Neubecker: What type of people would have a need for your service? Jason Urban: Sure, so what we do is we’re a lender against secured digital asset holdings and what we are providing is the draw bridge, or the bridge, from these traditional lending sources, or pools of liquidity, into this new ecosystem where everybody is trying to figure out how that landscape works. You’ve been doing some innovative things in the lending industry as it relates to bitcoin and blockchain. Lee Neubecker: Jason, I’ve known you for a while. He’s the President and CEO of DrawBridge Lending. Lee Neubecker: Hi, I have Jason Urban on the show today. ![]()
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