Ribbon Finance to Launch Credit Product Ribbon Lend

Ribbon Finance announced that it will launch its credit product Ribbon Lend at the end of the month, allowing depositors to lend unsecured to institutional market makers of their choosing with high liquidity. Ribbon Lend is said to enable high yields from unsecured lending, no lockups, off-chain enforcement, and built-in insurance. In addition, Ribbon said it is working with Credora Platform to evaluate credit of the institutional borrowers, ensuring that only borrowers with the best credit rating can create pools on the platform.