Partnership with Etherisc and diverse crypto-lending and insurance projects will establish safer assurance practices for blockchain-based collateralBlockchain insurance project Etherisc recently announced the founding members of a new consortium of crypto-backed lending networks dedicated to create Collateral Protection Insurance (CPI). The founding members include: bZx, Celsius Network, Colendi, ETHLend, Lendroid, Libra Credit, Nexo, Ripio and Sweetbridge.Sweetbridge joins the Collateral Protection Insurance Consortium, sponsored by insurance project Etherisc.To unlock the mass adoption potential for loans backed by crypto assets, there is a need for developing institutional-grade guarantees on the collateral securing these loans.By joining Etherisc and other leading crypto-lending networks in the CPIC, Sweetbridge will help the industry develop open standards and technologies for mitigating the risk of borrowing on blockchain networks, and compensate lenders if collateral gets destroyed, stolen, lost, frozen or seized by authorities.We think this level of cooperation makes blockchain-based lending safer for all customers and projects involved, while paving the way for institutional and industrial-grade participation in new token economies.Said Sweetbridge Alliance President Mac McGary about the CPIC:“In today’s volatile market, Collateral Protection Insurance provides borrowers and lenders with a sense of security from cryptolending networks, which is a critical step in advancing blockchain adoption.”“By allowing individual investors and businesses to use cryptocurrency and other real-world resources as collateral for asset-backed loans, the founding members can help to increase the amount of working capital available and incentivize businesses to participate in tokenized economies.”Read more coverage on the widely distributed release at these news outlets:1. CryptoNinjas: Etherisc launches consortium to bring increased protection to crypto lending marketEtherisc launches consortium to bring increased protection to crypto lending market2. Payment Week: Leading Crypto-Backed Lending Networks Join Forces To Unlock Mass AdoptionLeading Crypto-Backed Lending Networks Join Forces to Unlock Mass Adoption | Payment Week3. ValueWalk: Big Crypto-Backed Lending Networks Join ForcesCrypto Lending Networks Join Forces To Unlock Mass AdoptionAbout SweetbridgeSweetbridge is a new economy built for commerce that enhances the world’s current economies. Sweetbridge and its alliance partners offer a unique set of blockchain protocols, applications and crypto-economics to create an economy of opportunity for all participants. The goal of Sweetbridge is to transform brittle, industrial-era commerce through decentralized industry ecosystems that create a faster, fairer value exchange, unleash working capital, better utilize resources, and optimize talent for the benefit of all participants. For more information, follow Sweetbridge on Twitter at @sweetbridgeinc or visit https://sweetbridge.com.News: Sweetbridge joins Collateral Protection Insurance Consortium (CPIC) was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.