Parallel Lending

Overview

Parallel Lending is a decentralized lending protocol enabling users to borrow and lend using both Non-Fungible Tokens (NFTs) and Fungible Tokens (FTs). It offers the ability to leverage untapped capital for additional investments while generating yields. Notably, Parallel stands out as the pioneer in cross-margin NFT Finance, allowing users to borrow and lend ERC-721 and ERC-20 tokens within a unified account and credit line. This protocol empowers asset holders to access liquidity and earn yields effortlessly across their entire asset portfolio, offering a user-friendly yet robust solution

Agent Information

Regulatory Considerations

Based on our analysis, Parallel Lending operates in the trading sector with medium regulatory risk. Key considerations for APAC jurisdictions:

• Hong Kong: May require SFC Type 1/7 license for VA dealing
• Singapore: Likely requires MAS Digital Payment Token license
• Japan: JFSA registration required for crypto asset exchange