Future of Finance Background

Building the Future of Finance

Becoming the Next Generation Merchant Bank

Greengage is the first fully integrated financial services group bridging the traditional financial services space with the new digital innovations in cryptoassets and blockchain. 

Greengage aspires to be the next generation of merchant bank, taking deposits from and making loans to small and medium-sized enterprises (SMEs) and with a focus on banking cryptoasset companies. Should a full banking licence be secured this will allow us to provide a full suite of classic products and services across fiat currencies (£, €, $) and cryptoasset classes.

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TheMission

It is Greengage's mission to deliver merchant banking services to cryptoasset companies and SMEs – providing a robust digital banking platform using advanced technologies, facilitating cost-effective transactions within and across traditional currency and cryptoassets, by adhering to highest established standards of compliance and security. 

ThePlatform

Greengage is setting up a robust digital platform built from well-known and tested technologies. Greengage aims to be an enabler for supporting cryptoasset companies and SME banking needs, and to partner with existing technology providers to ensure a robust and dynamic platform built for service excellence. 

Merchant Banking Background

Merchant Banking for the 21st Century

Greengage intends to serve two significant underserved client sectors:

  • Cryptoasset companies: Cryptoasset companies struggle to find access to mainstream banking services. The estimated size of fiat deposits in the cryptoasset sector is $30 - $40 billion with only a handful of banks actively supporting this sector.

  • UK SME market: There are 5.9 million SMEs in the UK with ~£2.5 trillion annual turnover. Yet there is a £22 billion funding gap for SMEs in the UK.

Greengage will initially focus on offering fiat deposit accounts to largely unbanked cryptoasset companies. Thereafter, Greengage will expand its services by providing fiat loans to underserved SMEs. In the long-term, Greengage intends to expand its product offering to include the structuring of digital products such as digital debt and equity.