Daiwa Securities' joint venture launches BTC-guaranteed "digital asset secured loan" service

According to Jp.cointelegraph, the Japanese investment and securities giant Daiwa Securities Group's joint venture company Fintertech today announced the start of virtual currency as a guarantee to provide fiat currency loans "digital asset secured loans" services. The service is aimed at legal persons or individual business owners, and provides fiat currency loans with Bitcoin as a guarantee. With Bitcoin as guarantee, the guarantee mortgage rate is 50%. The minimum loan is 4 working days from the start of application.