4 Jul, 2024
LONDON, 4th July 2024: Think global and eat local—Small and Medium Enterprises (SMEs) live the saying, and they happen to be the backbone of the world economy. Roughly 400 million SMEs account for 95% of worldwide companies and 65% of total employment.
Today marks a significant step forward in the digital finance to giving SMEs more tools to run their businesses more effectively.
Greengage, a leading provider of financial services for SMEs, is excited to announce a collaboration that will see Greengage originating SME debt on the innovative Coinbase Diamond protocol.
Greengage is pioneering financial services supporting SME growth, namely multi-currency accounts and credit solutions to support the growth and development of SMEs through tailored financial services. With this new partnership, Greengage will leverage Coinbase’s state-of-the-art blockchain technology to provide SMEs with greater access to capital in a more efficient and transparent manner. The solution will fulfil a great need in this sector and allow SMEs access to institutional-grade credit markets.
Sean Kiernan, CEO of Greengage, commented: “We are thrilled to partner with Coinbase on this groundbreaking initiative. By originating SME debt on the Coinbase Diamond protocol, leveraging Base, we are not only enhancing our ability to support small and medium enterprises but also pioneering new financial innovations that will drive growth and sustainability in this critical sector. This collaboration exemplifies our commitment to providing advanced financial solutions that meet the evolving needs of our clients.”
Coinbase Diamond is Coinbase’s proprietary tokenization protocol, designed to revolutionize the way private capital is issued and managed. This protocol utilizes blockchain technology to issue natively digital debt, making the process more secure, efficient, and accessible to a broader range of investors.
About Greengage
Greengage is a London-based digital finance pioneer, providing a platform of relationship-based e-money account services for entrepreneurs, SMEs, family offices and digital asset firms to the highest ethical, secure and compliance standards. Alongside e-money account services, Greengage provides clients access to a B2B lending platform offering digital sources of money. Greengage’s tailored services are delivered by people, empowered by technology. For more information visit: https://www.greengage.co
About Coinbase
Coinbase is a global leader in digital asset exchange, providing a secure and user-friendly platform for buying, selling, and managing cryptocurrencies. Through its proprietary technologies and protocols like Coinbase Diamond, Coinbase is dedicated to revolutionising the financial landscape and democratizing access to financial services.
For more information, please visit https://www.coinbase.com/en-gb/
For media enquiries, please contact: suzanne.molloy@greengage.co
