Avrio Merges With Moon to Introduce Crypto Lending Products

Avrio Worldwide, PBC (Avrio) has announced a merger with Moon Mortgage Inc. (Moon) through a bi-directional common stock acquisition. This partnership focuses on introducing crypto lending products to both retail and non-retail markets, facilitated through Avrio's ecosystem of companies and partners.

Moon specializes in collateralized crypto lending, allowing customers to access funds for various purposes, including discretionary expenses and mortgages, without needing to liquidate their crypto assets. This service ensures that customers can continue trading their crypto assets even after taking out a loan, with the assurance that Moon does not lend out their assets.

Avrio, the parent company of multiple firms delivering digital financial market infrastructure, services, and data across public, private, and digital markets, sees this merger as a critical milestone. The deal aligns with Avrio's mission to develop and scale innovative digital financial products and services for diverse markets.

Lawrence Wintermeyer, CEO of Avrio, highlighted the market demand for crypto products, exemplified by the success of bitcoin and ETH ETFs. He noted that Moon's lending products offer customers the confidence to borrow against their BTC or ETH without the risk of their assets being lent out, enabling secure trading.

Aaron Nevin, Co-founder and CEO of Moon, expressed that Avrio's innovative platform, coupled with a world-class team and partner ecosystem, made the merger an attractive opportunity. He emphasized that through Avrio's ecosystem, Moon could bring its products to market swiftly and potentially extend to global markets.

Avrio's comprehensive technology stack supports various financial market activities, including trading in equities, debt, unregistered securities, and private markets. The firm's capabilities also cover exchange management, order management, portfolio management, and client management for transactions in registered securities, ETFs, and funds in public markets. Additionally, Avrio operates an NFT trading platform for digital assets.

The merger promises to enhance Avrio's offerings and provide innovative, secure, and regulated crypto lending solutions, thus potentially transforming the financial services landscape by integrating digital assets more comprehensively.