Australian Crypto Lender, Helio has Established a US Branch

The Australian leading cryptocurrency-backed lending company, Helio Lending, is expanding its operations in the United States and would be tapping from the flourishing crypto lending business in the country. The company precisely announced in a publication on Thursday that it has established a branch in a US state. Additionally, it hired one of the popular crypto experts and advisors, Min H. Kim, to spearhead the operations in the country. 

Helio Expands Crypto Lending to the US

Launched in 2018, Helio is reportedly the first independent crypto-related company operating in Australia. It’s regulated and operates with the Australian Credit Licence. Having gained prominence by building a unique and propriety platform for Australians to obtain loans with their digital currencies, the company is looking to step up its service, starting with the United States crypto market. As reported, Helio established its US headquarters in San Francisco.

Following the establishment of the US branch, the chairman of John O’Shea, said they look “forward to a mutually rewarding endeavor as we enter 2021 with some solid momentum and a crypto-lending industry that is bursting at the seams.”

According to the report, Ms. Kim will oversee Helio operations in the United States, its digital currency loan portfolio, and business partnerships. She will be responsible for drafting and managing the company’s daily activities. With rich experience in cryptocurrencies and other related services, Ms. Kim said she is a “firm believer that crypto collateralized lending is here to stay as one of the fastest-growing mainstream use cases.”

Helio Prepares for US Growth

Aside from hiring the former Director of Marketing at Huobi U.S., Ms. Kim, the company seemingly has plans to perform better in the country. According to O’Shea, “the Company has engaged counsel to perform exploratory due diligence on a possible change of control transaction through which Helio Lending would potentially merge with a US publicly listed company and become the majority shareholder.”