Description
Altr Lending revolutionises traditional finance by enabling borrowers to leverage luxury collectibles as collateral for loans, while offering lenders the opportunity to invest in secured loans backed by high-value assets. The platform operates on a peer-to-peer model where lenders can directly fulfill borrowers' loan requests, initially focusing on luxury watches and cars as collateral, with plans to expand into art and other valuable collectibles. Verified assets are stored in insured, specialized freeport storage facilities in Switzerland for the duration of the loan. Transactions are conducted using the USDt stablecoin on the Polygon blockchain, and through a partnership with Coinify, users can exchange USDt for fiat currencies such as EUR, CHF, and USD. Lenders must complete KYC checks to register, and the platform serves both collectors seeking liquidity against their high-value items and investors seeking secured, asset-backed lending opportunities.