Blockchain Company Intain Onboards $4 Billion of Assets

Announcements, Blockchain, News | March 14, 2022 By:

Blockchain company Intain has onboarded $4 billion of transactions to its structured finance platform, even when many of its competitors folded operations.

Helping institutional financial companies to evolve from spreadsheet and email to integrated and automated blockchain platforms provides greater transparency, amounting to a watershed moment for the adoption of blockchain in the banking sector.

At the close of 2021, Intain reviewed its business growth; witnessing more than 20 new clients were on-boarded across many financial asset classes including consumer loans, student loans and mortgages, with more than $3.8 billion in assets being administered, rated and unrated deals.

“The accelerating pace of assets being on-boarded through new deals is really exciting. It took two years to reach the first billion, two quarters for the second billion, and just two months to reach our third billion dollars in assets on the platform,” said Siddhartha, Founder and CEO of Intain. “Blockchain in financial services has reached an inflection point where more traditional financial institutions see the benefits and are beginning to consider and adopt the technology. With our conservative approach, while still maintaining a pioneering attitude, inside the financial regulations, we are perfectly positioned to perform as the de facto administrative platform for structured finance. We’re not interested in being disruptive; we are simply dependable and results-driven.”

“The industry has matured, and blockchain is becoming routine. The blockchain platform has evolved to become the crucial and secure trust layer. There is an incredible amount of investment in decentralized finance in the blockchain, and we have chosen to steer down the path of adoption at the moment, as building credibility through delivering results is crucial,” said Eric Mitzel, Vice President of North America Sales and Client Solutions, Intain. “We have taken careful strides to implement a pragmatic use of blockchain that acts as a bridge into the existing world of structured finance, served by agents and trustees within the industry.”

Intain is on course to become the default industry platform for structured finance in partnership with trustees for public deals and traditional institutional transactions). An established blockchain-based platform will become the ‘trust’ layer in alternative transactions where agreements may not involve trustees or rating agencies.