An expanding customer base and increased offerings of innovative crypto investment and money management solutions pushed AUM over $125MM in the 3rd Quarter
Chicago, IL – DrawBridge Lending, LLC (dba DBL Digital) has surpassed the $125 million dollar AUM milestone. This represents a new highwater mark established earlier this year and with AUM expected to continue increasing, the 3rd quarter will smash all previous benchmarks for AUM. “If nothing else, this shows the fulfillment of the vision we drew up on the whiteboard and I am proud of everyone’s hard work to get us here,” stated Tom Anderson, President & Chairman.
DBL Digital offers a growing suite of crypto investing and money management solutions, including low-interest cash loans secured by crypto and investment funds that employ derivative strategies to produce yield while protecting downside risk. DBL Digital products apply conventional investment and risk management strategies in innovative ways to next generation cryptocurrency and digital assets.
“Our innovative crypto programs are delivered with white glove service and a focus on full risk mitigation and compliance,” said Jason Urban, CEO of DrawBridge Lending, LLC (DBL Digital). “Given recent market turbulence, we see savvy investors searching for smarter solutions to meet their demands, whether it is monetizing their crypto without having to liquidate their coins or offering alternative investment opportunities. All of our products offer innovative ways to put your crypto to work without having to liquidate. We’re even seeing IRA investors take advantage, with our non-recourse loan product being particularly attractive.”
To learn more about DrawBridge Lending’s full suite of investing and commercial lending offerings, visit www.drawbridgelending.com.
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ABOUT DRAWBRIDGE LENDING
Headquartered in Chicago and operating as a CFTC regulated Commodity Trading Advisor (“CTA”) and Commodity Pool Operator (“CPO”), DrawBridge Lending initiates USD loans secured by digital assets on a blockchain maintained by third-party qualified and insured custodians, and offers investment products and advanced risk management strategies. DrawBridge Lending has an industry reputation for innovation and leadership through its executive team that brings a lot of experience in trading, brokerage and investing solutions, and regulatory compliance. For more information on DrawBridge Lending (DBL Digital), visit www.drawbridgelending.com.
Risk Disclosure: The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorize someone else to trade for you, you should be aware of the following: if you purchase a commodity option you may sustain a total loss of the premium and of all transaction costs. If you purchase or sell a commodity futures contract or sell a commodity option or engage in off-exchange foreign currency trading you may sustain a total loss of the initial margin funds or security deposit and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the requested funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move. ”The placement of contingent orders by you or your trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. A “spread” position may not be less risky than a simple “long” or “short” position. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. The disclosure document contains a complete description of each fee to be charged to your account by the commodity trading advisor. This brief statement cannot disclose all the risks and other significant aspects of the commodity interest markets. You should therefore carefully study the disclosure document and commodity interest trading before you trade, including the description of the principal risk factors of this investment, in the disclosure document.
Virtual Currency Disclosure: DrawBridge Lending is a member of the national futures association (NFA) and is subject to NFA’s regulatory oversight and examinations. DrawBridge Lending has engaged or may engage in underlying or spot virtual currency transactions in its commodity pool. Although NFA has jurisdiction over DrawBridge Lending and its commodity pool, you should be aware that NFA does not have regulatory oversight authority for underlying or spot market virtual currency products or transactions or virtual currency exchanges, custodians, or markets. You should also be aware that given certain material characteristics of these products, including lack of a centralized pricing source and the opaque nature of the virtual currency market, there currently is no sound or acceptable practice for NFA to adequately verify the ownership and control of a virtual currency or the valuation attributed to a virtual currency by DrawBridge Lending. One or more jurisdictions may, in the future, adopt laws, regulations or directives that affect virtual currency networks and their users. Such laws, regulations or directives may impact the price of virtual currencies and their acceptance by users, merchants, and service providers. The relatively new and rapidly evolving technology underlying virtual currencies introduces unique risks. For example, a unique private key is required to access, use or transfer a virtual currency on a blockchain or distributed ledger. The loss, theft or destruction of a private key may result in an irreversible loss. The ability to participate in forks could also have implications for investors. For example, a market participant holding a virtual currency position through a virtual currency exchange may be adversely impacted if the exchange does not allow its customers to participate in a fork that creates a new product. Many virtual currencies allow market participants to offer miners (i.e. Parties that process transactions and record them on a blockchain or distributed ledger) a fee. While not mandatory, a fee is generally necessary to ensure that a transaction is promptly recorded on a blockchain or distributed ledger. The amounts of these fees are subject to market forces and it is possible that the fees could increase substantially during a period of stress. In addition, virtual currency exchanges, wallet providers and other custodians may charge high fees relative to custodians in many other financial markets.