AI Firm Secures $500 Million Onchain Credit Facility Using Tokenized Collateral
An AI infrastructure company has successfully obtained an onchain credit facility valued at up to $500 million by utilizing GPU hardware as tokenized collateral. According to NS3.AI, this groundbreaking method circumvents conventional banks and credit checks, allowing for quicker access to capital. The transaction highlights a notable application of blockchain technology in financing physical assets within the AI and cryptocurrency industries.
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