BlockMason, a foundry of blockchain-driven technologies, with a credit protocol as its first market entry announced today the listing of its crypto-asset BCPT by cryptocurrency exchange Binance.
The news is a key step in the company’s progress. Binance is a growing exchange of blockchain assets and a top 10 cryptocurrency exchange by volume.
Launched back in July 2017, Binance is building its reputation as an expert exchange and continues partnering with the most interesting and critical new token opportunities as they hit the market.
BCPT is a credit protocol to allow the tracking of lending and securing of loans on the Ethereum blockchain. This may apply to any type of loan or debt tracking — to include personal, business, home, auto, credit cards, or even college loans.
Being one of the first major protocols and token releases to address the global debt market of more than $100 trillion USD, BlockMason’s credit protocol and BCPT hope to make major waves in the market, provide new ways for peer-to-peer lending to enter, and provide lower cost administrative functions to existing commercial lending operations.
Currently, BlockMason is working with multiple current owners and prior purchasers of BCPT (which acts as a use license for the credit protocol) for building consumer or commercial (business to business) driven applications on top of the credit protocol smart contract, allowing for one of the first-ever lending systems tracked on distributed blockchain technologies.
BlockMason Co-Founder Michael Chin commented on the listing:
“This team founded this technology out of our working experiences as tech entrepreneurs in various Asian markets — including China, Korea, Japan, and others. Listing with Binance, as one of the exchange market leaders in Asia is among the most important exchanges for our long-term outlook.”