--News Direct--
Avrio Worldwide, PBC (Avrio) announces a merger with Moon Mortgage Inc. (Moon) through a bi-directional common stock acquisition between Avrio and Moon. The merger partnership will focus on delivering crypto lending products to retail and non-retail markets, including through the Avrio ecosystem of companies and partners.
Moon specializes in collateralized crypto lending products to enable customers access to money for discretionary expenses, purchases, and mortgages, without losing the ability to trade those crypto assets once the loan is taken out. Customers can trade crypto and borrow against it with confidence knowing Moon does not lend out their assets.
AVRIO is the parent of several companies delivering digital financial market infrastructure, services, and data across public, private, and digital markets. The deal marks another milestone for Avrio’s ecosystem of companies that develop and scale new and innovative digital financial products and services to retail and non-retail markets.
Commenting on the merger with Moon, Avrio CEO Lawrence Wintermeyer said, “The success of the launch of the bitcoin and ETH ETFs has demonstrated the pent-up demand in the market for crypto with BlackRock’s bitcoin ETF setting the record of the fastest growing ETF in history. Moon’s un-hypothecated lending products mean customers can be assured that when they borrow against their BTC or ETH, that their assets are not then lent out, and they can trade against those assets with confidence.”
Aaron Nevin, Moon Co-founder, and CEO says, “Of all the partners we were looking at for a Moon strategic partnership, Avrio offered the most innovate platform with a world class team and ecosystem of companies and partners for us to work with. The opportunity to get our products in the market in weeks through the Avrio ecosystem, with the opportunity to extend to global markets, was the real deal maker for Moon.”
About AVRIO Worldwide PBC
AVRIO is a registered market infrastructure provider with a full technology stack.
Avrio is the parent company of:
- Arkonis is the operator of a broker dealer and Alternative Trading System (ATS) in the United States. Arkonis Capital, LLC, a US broker dealer (BD) and market infrastructure, services, and data provider with an institutional grade full technology stack transacting equities and debt
- Trading engine (ATS), qualified matching services (QMS), and quotation bureau (QB) for transacting in unregistered securities and private markets
- Exchange management (EM), order management (OM), portfolio management (PM) and client management (CM) for transacting in registered securities, ETFs, and funds in public markets,
- NFT trading platform for collectibles in digital assets markets.
The technology enables clients and partners to create, manage, and trade any product on a global platform, and is blockchain agnostic. This enables clients to capture and scale market opportunities while creating standardization and best practices designed to prevent fraud, protect investors, and comply with know-your-customer and anti-money laundering compliance laws.
Arkonis Capital LLC is a member of the FINRA and SIPC.
About Moon Mortgage Inc
Moon Mortgage Inc. is a Licensed Mortgage lender and servicer, and consumer lender. The company was founded By Aaron Nevin (CEO) and Tristan Marino (COO) to solve the problems faced by crypto native investors. Both founders personally struggled with the lack of regulated options offered to crypto investors. In the wake of the challenges the crypto lending industry faced from 2022-2023, Moon provided a safe, regulated, and transparent set of lending options to help the sector recover from bad actors.
Moon Mortgage Servicing LLC NMLS ID#2361495
Moon Mortgage Residential LLC NMLS ID#2353334
Moon Mortgage LMA LLC NMLS ID#2419733
Contact Details
Avrio Worldwide PBC
Lawrence Wintermeyer
Company Website
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