Atomic Loans is a protocol for bitcoin and crypto-backed loans on your terms, without middlemen.
Atomic Loans is building the first Bitcoin-native solution for decentralized finance.
Atomic Loans was founded in 2019 by Tony Cai and Matthew Black. The company is headquartered in Toronto, Ontario, Canada.
Atomic Loans is committed to building and maintaining a no-nonsense protocol.
Atomic Loans allows users to deposit bitcoin and take out DAI and USDC loans. The company's protocol and user-facing platform enable a two-sided marketplace for Bitcoin-backed lending.
Atomic Loans works by allowing users to lock their Bitcoin in a non-custodial escrow, and receive an Ethereum stablecoin such as DAI or USDC in a loan.
Atomic Loans is backed by ConsenSys, Morgan Creek Digital, and Bison Trails’ Joe Lallouz and Aaron Henshaw. The company raised $2.45M in a Seed round on April 14, 2020. This brings Atomic Loans' total funding to $2.65M to date.