Laurus: Lending to the blockchain?
Next Big Futures article Laurus (NYSE: LUC) said its LendingClub subsidiary will make it easier for lenders to access the blockchain technology.
The company said it will be able to create and access digital wallets, which will then be accessible to any Laurus customer.
“This new platform will make Lending Club more affordable and more accessible to new and existing customers alike, which are in the process of becoming Lending Clubs customers,” the company said in a blog post.
The announcement comes as other institutions have expressed interest in using blockchain technology to create smart contracts.
The first company to make that move, E*Trade, is currently in talks with banks about how to make smart contracts that can be used to buy stocks and bonds.
Lucas shares rose 2.4% to $14.30.
The stock is up over 40% in the past year, and has traded between $18 and $23 since it launched.