Skew Launches P2P Lending Platform with 8% Debit Card Rewards

Skew, a Switzerland-regulated peer-to-peer lending platform with a debit card, has emerged from stealth mode after two years of development. The platform aims to provide crypto users with access to the lending market while offering traditional financial services. This move comes at a time when decentralized finance (DeFi) has made significant strides, yet the global lending market remains largely controlled by traditional institutions. Banks and centralized platforms continue to act as gatekeepers, often sidelining smaller borrowers and individual investors.

Peer-to-peer (P2P) lending offers an alternative by removing intermediaries and enabling direct capital exchange. However, factors such as regulatory uncertainty, low consumer trust, and the technical complexity of many crypto platforms have hindered its mass adoption. Despite these challenges, the P2P market size is estimated to reach $1 trillion by 2032, indicating a dynamic shift in the industry. New platforms are rethinking P2P finance by merging blockchain’s transparency and automation with user-friendly interfaces.

Skew, a registered Switzerland-based peer-to-peer crowdlending platform, directly connects lenders and accredited borrowers using either fiat or digital currencies. This approach simplifies lending and makes it more accessible while eliminating unnecessary intermediaries. By removing middlemen, lenders achieve higher returns, borrowers enjoy better access to capital, and both sides benefit from greater overall value. Skew users bypass centralized lenders by connecting directly with others to negotiate terms in a P2P environment. Borrowers can select their preferred assets or post crypto as collateral, while lenders have the flexibility to fund loans using fiat or digital assets. This supports both crypto-native and traditional participants, providing accredited professional traders, crypto miners, and other alternative businesses with another way to leverage their existing capital, which is often unavailable in traditional banking.

One of Skew’s core distinctions is its approach to handling risk for borrowers who want to use crypto as collateral. Unlike many lending protocols that automatically liquidate collateral when prices dip, Skew offers up to 100% loan-to-value without forced liquidations, as long as borrowers stay current on repayments. This approach provides users with greater control, even in volatile markets. SKW tokens are strictly utility-based and used exclusively for lender membership tier benefits and borrower loan origination fees. Lenders gain entry through a one-time membership tier activation secured by SKW tokens, with higher tiers offering greater access and perks. Borrowers use SKW to pay loan origination fees. Unlike tokens used for staking, rewards, yield farming, speculative incentives, or emissions, SKW serves purely as an access mechanism. Membership isn’t a sunk cost—after a locking period, tokens are unlocked and can be freely traded on the open market.

Beyond lending, the platform integrates a real-world spending feature. Users who opt for the Skew debit card earn up to 8% in Skew Points on everyday purchases, which can be redeemed for gift cards from participating retailers. This straightforward reward system delivers tangible value from day-to-day spending without the need to navigate complex liquidity pools or track volatile APYs. The platform also emphasizes community engagement, with borrowers, lenders, and the founding team regularly interacting in open, fully staffed Telegram channels. This level of user interaction fosters transparency and trust, which is uncommon in financial services. As a platform designed for everyday users, it supports both fiat and digital assets, with an interface modeled on familiar online banking and financial apps, making it easy for newcomers to use while still meeting the needs of more experienced users.

Skew’s journey began three years ago with the premise that finance should connect people directly. The team focused on clearing Swiss compliance standards, securing licenses, and laying the legal groundwork required to operate responsibly. After more than two years of development, Skew officially launched in May 2025. To mark the occasion, Skew announced a $100,000 giveaway for its first 1,000 members. The platform aims to serve both crypto-native users and those familiar with conventional banking. As CEO Daniele Capasso explains, traditional companies, especially in real estate, have already approached Skew looking for an alternative to banks. They see the value in faster access to capital and better rates, and by using Skew, they also help bring crypto into real-world use. The platform’s structure reflects this philosophy, with simple account setup, live community chats, and use cases that mirror familiar financial behaviors. Rather than rushing to scale, the team focuses on adding features gradually, only when thoroughly tested and ready to support long-term growth.

Skew is building something most DeFi platforms have ignored: a product people outside of crypto can actually use. With features like a debit card and a familiar user interface, Skew aims to make decentralized finance practical, compliant, and usable for a broader audience beyond crypto natives. The platform’s emergence from stealth mode marks a significant step in the evolution of P2P lending, offering a new way for users to access capital and traditional financial services in the crypto space.