HODL Finance joins the EU Blockchain Observatory & Forum. The Forum was launched by the European Commission, with the support of the European Parliament. The aim of the initiative is to highlight key developments of the blockchain technology, promote European actors and reinforce European engagement with multiple stakeholders involved in blockchain activities.

“The blockchain technology has the potential to contribute greatly to general public, businesses and even state economies. It is particularly necessary for Europe because we already are lagging behind other regions in terms of business innovation, R&D, the number of venture capital raised and so on”, the Managing Director of HODL Finance, Vytautas Zabulis, says.

“None of the world’s top 15 companies by market capitalization are European and in December 2017 Europe had just 26 private companies valued above $1 billion, according to the World Economic Forum (WEF). WEF estimated that there are 106 of similar companies in the US and 59 in China. Therefore we must be more dynamic, more agile”, Mr. Zabulis adds.

The EU Blockchain Observatory and Forum was also created with an idea to perform an active role in helping Europe to seize new opportunities offered by blockchain, build expertise and show leadership in the field, as it is said in a European Commission Press release announcing the launch of the EU Blockchain Observatory and Forum.

The Forum also emphasizes, that the initiative enables cross-border cooperation on practical use cases, bringing Europe’s best experts together and promoting an open forum for blockchain technologists, innovators, citizens, industry stakeholders, public authorities, regulators and supervisors, to discuss and develop new ideas in order to learn, engage and contribute in an open way.

Hodl Finance is happy to join this growing family of responsible and forward-looking European blockchain businesses.

HODL Finance is the European digital lending company. HODL Finance issues loans backed by cryptocurrency and other digital assets. Founded by the shareholders of the peer-to-peer lending platform, Savy, HODL Finance now serves clients around the world.