Cross River partners with Offchain Labs to tokenize lending
Cross River, the US fintech bank, is partnering with Offchain — the development company behind Arbitrum — to tokenize loans at origination on Arbitrum One, announced at Hong Kong FinTech Week. Cross River CEO Gilles Gade unveiled the partnership, with Arbitrum CSO A.J. Warner welcoming the bank's tokenization initiative and Offchain co-founder Ed Felten confirming Cross River is building with Offchain Enterprise Services.
- The integration brings tokenization capabilities directly into Cross River's lending platform, with Arbitrum One providing the rails at launch and ZeroDev's embedded wallet solution powering the customer experience
- Adds another regulated institutional lender to Arbitrum's real-world-asset push, alongside SBI Digital Markets and WisdomTree's tokenized funds
- No details on supported loan products, issuance volumes or rollout timing were shared
Sources
- RT @stabledash: TODAY: @crossriverbank is partnering with @Offchain Labs to tokenize loans at origination on @Arbitrum One. @ajwarner90 sh…x.com ↗
- RT @EdFelten: Cross River is building with @Offchain Enterprise Services Very excited to support their business as one of the biggest bank…x.com ↗
- RT @ajwarner90: Extremely excited to partner with @crossriverbank on their tokenization initiatives. Cross River is one of the most forwa…x.com ↗
- RT @GillesGade: Very excited to announce today at @HongKongFinTech our partnership with @Offchain to build the infrastructure to tokenize l…x.com ↗
- Cross River is bringing its tokenized lending platform to Arbitrum One. > Arbitrum One will provide the rails at launch to tokenize and service loans on Cross River’s platform > @ZeroDev’s embedded wallet solution will power the customer experience > Architected by @Offchain’s https://t.co/VsrFnACnDQ https://t.co/slRNwFqDdHx.com ↗
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