Coinbase partners with Greengage

July 4, 2024
Darren Parkin

SME financial services provider Greengage has partnered with crypto exchange Coinbase in a move that will see the London-based platform originating SME debt on the innovative Coinbase Diamond protocol.

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 sector-wide need for SMEs to have better access to institutional-grade credit markets.

The company, headed by CEO Sean Kiernan, is geared towards pioneering financial services supporting small and medium-sized enterprises, namely multi-currency accounts and credit solutions to support the growth and development through tailored financial services.

"We are thrilled to partner with Coinbase on this ground-breaking initiative," said Kiernan.

"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 the exchange's proprietary tokenisation protocol, designed to revolutionise the way private capital is issued and managed. The protocol utilises blockchain technology to issue natively digital debt, making the process more secure, efficient, and accessible to a broader range of investors.