Lantern Finance Expands Crypto-Backed Lending to Nine Digital Assets

Lantern Finance, a financial technology firm serving crypto investors, has expanded its crypto-backed lending platform to include three additional digital assets: Cardano (ADA), Hedera (HBAR), and Stellar Lumen (XLM). This expansion increases the number of supported collateral options to nine, offering U.S. investors greater flexibility to borrow against their holdings without having to sell their assets [1].

U.S. users can now collateralize Bitcoin, Ethereum, XRP, Solana, Litecoin, Dogecoin, and the three newly added assets to access same-day fiat loans. The loans are issued at a fixed 15 percent annual percentage rate (APR) and an introductory 33 percent loan-to-value ratio, consistent with the terms offered for other long-tail tokens on the platform [1]. Lantern Finance has already facilitated the first loans secured by the newly listed assets, indicating strong demand from investors seeking stable lending alternatives in a traditionally volatile market [1].

The company’s co-founder, Jung Won Kim, noted that expanding asset coverage has been a top user request. He emphasized that the move allows long-term holders of these assets to access liquidity while maintaining their portfolio positions. Lantern’s platform is built around principles of security, simplicity, and fixed-rate predictability, aligning with the expectations of traditional finance users [1].

The addition of ADA, HBAR, and XLM addresses a gap in the U.S. crypto lending market, where these assets previously had limited or no secure lending options. Lantern’s approach avoids risky practices like rehypothecation, instead opting for institutional-grade security measures and user-centric design [1]. Co-founder Prince Jindal highlighted the significance of the move, stating it strengthens Lantern’s role in bridging crypto and traditional finance through secure and efficient solutions [1].

Lantern Finance is backed by a team with deep experience in finance, technology, and digital assets. The company has served a growing base of crypto investors and plans to continue expanding its product offerings, enhancing security, and innovating in customer experience [1]. The firm’s primary service—a crypto-backed loan—enables users to leverage their holdings for capital without exposing them to market volatility [1].

Source: [1] Lantern Finance Expands Crypto-Backed Lending to Nine Digital Assets, Broadening Access to Liquidity for U.S. Investors (https://coinmarketcap.com/community/articles/6895e19d1214ff464aa18f1d/)