Cerchia joins forces with Warbler Labs and Goldfinch to establish the World’s First On-Chain Lending Pool dedicated to Reinsurance Capital.
Zug, Switzerland, June 15th, 2023. Warbler Labs’ a contributor to leading on-chain lending protocol Goldfinch, and Cerchia, the world’s first direct risk transfer provider, have announced a strategic partnership to combine Goldfinch's decentralized lending protocol with Cerchia's decentralized risk transfer solutions to foster financial inclusion and empower participants in the crypto ecosystem.This collaboration is aimed at reducing the widening protection gap and connecting investor capital to attractive investment opportunities that support the world’s growth. In scope of the partnership is the potential launch of a lending pool fully collateralized with reinsurance instruments – the first of its kind.
The CEO of Cerchia, Michael Rey, stated "We are excited to collaborate with Warbler Labs and the Goldfinch community and contribute to the growth of the crypto ecosystem and institutional adoption. By providing direct risk transfer solutions and integrating real-world assets as collateral, we bridge the gap between investor capital and attractive investment opportunities. Our partnership allows investors to invest in a meaningful realworld asset, which is both uncorrelated from crypto as well as traditional financial markets."
The CEO of Warbler Labs and cofounder of Goldfinch, Michael Sall added "our collaboration with Cerchia will help the Goldfinch community extend its lending credit portfolio and support Cerchia in its mission to reduce the protection gap while connecting the world’s capital with the world’s growth. Making event risks investable offers a great portfolio addition, while driving resilience and financial inclusion."
Media request Cerchia: Paulo Germann, paulo.germann@cerchia.io
Media request Warbler Labs & Goldfinch: Po On Yeung, pyeung@warblerlabs.com
About Cerchia AG
Founded by two Swiss capital markets veterans with the vision to create a more resilient world. A world where underinsured people and companies have access to insurance protection against climate change risks like flood, storms, or draughts. By providing direct access to the capital markets via the proprietary DRT platform we help to solve the protection gap and actively contribute to the UN sustainable development goals.For more information visit: www.cerchia.io
About Warbler Labs and Goldfinch
Warbler Labs is a contributor to the Goldfinch protocol and builder of technology services in the crypto space. Goldfinch is a leading lending protocol that utilizes blockchain technology to offer decentralized lending services, enabling financial inclusion and bridging the gap between the world’s capital and the world’s growth. For more information, visit www.warberlabs.com and www.goldfinch.finance.