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PUBLISH, YFUND to launch world’s first principal and interest receivables NFT minting service
PUBLISH announced today that it has partnered with YFUND to provide world’s first principal and interest receivables NFT issuance service.
Specific areas of cooperation include the development of a platform for crypto-backed P2P loans and a marketplace for principal and interest receivables NFTs.
YFUND is one of the fastest-growing P2P (peer-to-peer) lending companies in Korea, becoming the fifth such company to acquire a P2P lending license under the recently enacted Online Investment-linked Finance Act.
The company seeks to revolutionize the lending market in Asia by providing an end-to-end financial solution that connects borrowers and lenders.
At the time of writing, YFUND CEO Lee Yukang is the youngest CEO of a P2P lending company registered with South Korea’s FSC (Financial Services Commission). Previously he worked as a financial analyst at Amazon, Morgan Stanley, and Altavair, an asset management firm focused exclusively on managing commercial aviation assets.
Commenting on the partnership, Lee Yukang said that “when applied to P2P lending, blockchain technology brings a number of benefits, especially in the areas of security and efficiency.”
"We look forward to applying our blockchain expertise in the area of P2P lending,” said PUBLISH CEO Sonny Kwon. “We expect to be able to provide a variety of investment-related and DeFi products to our PUBLISHiD users in the near future,” he added.