{"id":64774,"date":"2022-07-22T15:26:44","date_gmt":"2022-07-22T12:26:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64774"},"modified":"2025-09-06T16:16:35","modified_gmt":"2025-09-06T13:16:35","slug":"blockfi-loan-portfolio-tops-1-8-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blockfi-loan-portfolio-tops-1-8-billion\/","title":{"rendered":"BlockFi loan portfolio tops $1.8 billion"},"content":{"rendered":"<p>As of June 30, 2022, the crypto-lending platform BlockFi&#8217;s liabilities to institutional and retail investors totalled more than $1.8 billion. Of these, $600 million in loans were unsecured, the company said in its Q2 report.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We\u2019ve just published our Q2 Transparency Report with a breakdown of our total AUM, retail and institutional loans, and how we manage related liquidity and credit risk.<br \/> <a href=\\\"https:\/\/t.co\/qcdRDcYmNQ\\\">https:\/\/t.co\/qcdRDcYmNQ<\/a><\/p>\n<p>\u2014 BlockFi (@BlockFi) <a href=\\\"https:\/\/twitter.com\/BlockFi\/status\/1550203092150456324?ref_src=twsrc%5Etfw\\\">July 21, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Institutional investors accounted for $1.5 billion of the total liabilities, with retail investors making up the remaining $300 million. The company valued assets based on Bitcoin\u2019s market price of $19,986.<\/p>\n<p>BlockFi noted that the platform has over 650 000 accounts with non-zero balances. Collectively, clients hold about $3.9 billion in digital assets across various account types.<\/p>\n<p>In the report, the company noted that it developed a set of principles to help \u201cmaintain the liquidity necessary to meet obligations in the ordinary course of business.\u201d In particular, BlockFi will hold at least 10% of client funds on the main balance for the immediate repayment of positions on user demand.<\/p>\n<p>In early July 2022, BlockFi signed an agreement with the U.S. unit of FTX. The Sam Bankman-Fried-backed structure will provide the platform with a revolving credit facility of $400 million and <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-us-signs-deal-with-blockfi-with-option-to-acquire-the-lending-platform\">will receive an option to buy it for $240 million<\/a>.<\/p>\n<p>As reported in May, the head of FTX <a href=\\\"https:\/\/forklog.news\/glava-ftx-birzha-potratit-milliardy-na-pokupku-dolej-v-drugih-kompaniyah\/\\\">\u043f\u043e\u043e\u0431\u0435\u0449\u0430\u043b \u043f\u043e\u0442\u0440\u0430\u0442\u0438\u0442\u044c \u00ab\u043c\u0438\u043b\u043b\u0438\u0430\u0440\u0434\u044b\u00bb<\/a> on acquiring stakes in other companies.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of June 30, 2022, BlockFi&#8217;s crypto-lending platform had liabilities to institutional and retail investors exceeding $1.8 billion. Of these, $600 million in loans were unsecured.<\/p>\n","protected":false},"author":1,"featured_media":64775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"BlockFi's crypto-lending liabilities totalled over $1.8 billion as of June 30, 2022.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1436],"class_list":["post-64774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockfi"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"BlockFi's crypto-lending liabilities totalled over $1.8 billion as of June 30, 2022.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64774"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64774\/revisions"}],"predecessor-version":[{"id":64776,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64774\/revisions\/64776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64775"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}