Avrio Worldwide, PBC (Avrio) has announced a strategic merger with Moon Mortgage Inc. (Moon) through a bi-directional common stock acquisition. This partnership aims to bring crypto lending products to both retail and non-retail markets, leveraging the Avrio ecosystem of companies and partners.
Moon Mortgage specializes in offering collateralized crypto lending products, allowing customers to access funds for discretionary expenses, purchases, and mortgages without losing the ability to trade their crypto assets. Moon assures its customers that their assets are not lent out, providing a level of security and confidence in their lending products.
Avrio, the parent company of several firms delivering digital financial market infrastructure, services, and data across public, private, and digital markets, views this merger as a significant milestone. The deal is in line with Avrio's commitment to developing and scaling innovative digital financial products and services across various markets.
Lawrence Wintermeyer, CEO of Avrio, commented on the merger, stating, "The success of the launch of the bitcoin and ETH ETFs has demonstrated the pent-up demand in the market for crypto, with BlackRock's bitcoin ETF setting the record of the fastest-growing ETF in history. Moon’s un-hypothecated lending products mean customers can be assured that when they borrow against their BTC or ETH, their assets are not then lent out, and they can trade against those assets with confidence."
Aaron Nevin, Co-founder and CEO of Moon, expressed his enthusiasm for the partnership, saying, "Of all the partners we were looking at for a Moon strategic partnership, Avrio offered the most innovative platform with a world-class team and ecosystem of companies and partners for us to work with. The opportunity to get our products in the market in weeks through the Avrio ecosystem, with the opportunity to extend to global markets, was the real deal maker for Moon."
Avrio's ecosystem includes Arkonis, a broker-dealer and Alternative Trading System (ATS) in the United States, providing market infrastructure, services, and data for transacting equities and debt. The company's technology stack enables clients and partners to create, manage, and trade any product on a global platform, capturing market opportunities while adhering to best practices designed to prevent fraud, protect investors, and comply with know-your-customer and anti-money laundering laws.
This merger is particularly significant given the challenges faced by the crypto lending industry from 2022-2023. Moon Mortgage was founded to address the lack of regulated options for crypto investors, providing a safe, regulated, and transparent set of lending options. The partnership with Avrio is expected to further reinforce this mission, helping to restore confidence in the crypto lending sector.
For more information about Avrio and its ecosystem of companies, visit https://avriotech.io. To learn more about Moon Mortgage and its lending products, visit https://www.moonmortgage.io.
