Bitcoin is no longer just digital gold. The Norwegian company Norlend, led by Andre Johnsen and eidd of K33, is now going out and offering infrastructure and technology for businesses looking to offer loans secured by Bitcoin.
Globally, a whole new global ecosystem based on BTC is now being built. But Norlend is one of the first Nordic companies to seize these opportunities through a B2B solution.
- I think Bitcoin will become the leading mortgage object in the financial markets, overtaking traditional securities, says Andre Johnsen, and continues - What is currently missing for that to happen is infrastructure for businesses. This is where Norlend comes in and makes it easy and regulatory safe for financial institutions to offer loans secured by Bitcoin directly to their customers.
Norlend, formerly known as Vanir, marks the name change as the start of a new phase of increased investment and growth in the company. At the same time, Andre Johnsen, with a background as CEO of blockchain incubator Aurora3, is stepping into the role of general manager to lead the company's further development.
The company delivers advanced SDKs, APIs, and White Label-based solutions that enable banks, exchanges and financial institutions to offer loans backed by Bitcoin. Norlend's platform automates security management, collateral management and liquidation processes, while ensuring full compliance with KYC/AML requirements and accounting integration. This provides institutional clients with a safe, efficient and compliant way to integrate digital assets into their financing offerings.
The market for Bitcoin financing is growing in line with increased interest and need for robust digital solutions. Norlend and K33 thus consolidate their position as important players in the interaction between traditional finance and Bitcoin-based infrastructure.
Norlend was previously owned by Klein Group, but was sold to K33 a year and a half ago for 24.7 MSEK. Andre H. Johnsen has played a central role in the development of the company all along, both before and after the sale of Vanir to K33. But now he is going 100% into Norlend, which is ahead of a stepped-up venture.
