Fully licensed credit platform for small and medium-sized businesses Crowd Genie will be the first all-Asian credit exchange on the block, which will allow tokenize assets.

Developing a holistic P2P-lending solution for the Asia-Pacific region, Crowd Genie with the help of its subsidiary CGSPV Pte. Ltd  will conduct an initial offer of coins (ICO) for the sale of its own CGCOIN tokens.

Crowd Genie is one of the four P2P lending platforms with the Capital Market Services (CMS) license, which is issued by the Monetary Authority of Singapore (MAS). The company’s activities are aimed at providing borrowers with easier access to capital, which allows them to develop their own business with the help of reliable investors. This goal has already been realized through the creation of an integrated platform for the credit market.

During the tokenize period,  Crowd Genie plans to raise an amount of 100,000 ETH, which will be spent on developing an integrated and complete credit platform for the entire Asian region. It will function  on the basis of asset tokensisation and ensure a simple circulation of funds between creditors and borrowers with low commissions.

What makes ICO Crowd Genie different from many others? Crowd Genie is a fully licensed credit platform in Singapore, it has been verified since 2016 with significant financial flows. Founded by entrepreneurs Akshay Mehra and Bikash Saha, Crowd Genie aims to improve the perception of credit as such. A unique platform on the Ethereum blockhouse will make the loan and lending operations simple and convenient.

Owners of CGCOIN tokens will have an opportunity to invest in enterprises located on the platform Crowd Genie. Also, tokens are designed to invest in company assets that can be purchased in parts and receive revenue that is higher than traditional investment tools. All this will be possible due to the use of blocking technology, which will be used to account for and control property rights, as well as investments made.

Crowd Genie will strictly monitor the fairness of the terms and conditions for borrowers and lenders. Each participant of the platform will receive a so-called “digital passport”, which will  contain verified information about each participating party or asset. Now the team of the platform is working to ensure that the technology of the blockage ensures the uninterrupted operation of the platform and reliable data storage.

About Crowd Genie

The Singapore-based credit platform Crowd Genie brings together borrowers (registered small and medium-sized enterprises) and lenders (sources of capital) within a single ecosystem. Founded in 2016, the platform is aimed at implementing transactions based on blocking technology using its own crypto currency CGCOIN. Crowd Genie is one of the few P2P-credit platforms that have successfully passed the licensing process and are licensed to deal with securities (“Dealing in Securities”), which is issued by the Monetary Authority of Singapore (MAS).

Details on the platform and tokenize can be found on official resources:

The post A new approach to lending from the Crowd Genie platform appeared first on Keep Loving More News.