Anvil Targets Secured Credit Costs with Blockchain-Based Platform

Anvil, a financial technology company, aims to reduce costs associated with secured credit by eliminating intermediaries. The company's approach involves using blockchain and smart contracts to facilitate lending between borrowers and lenders directly.

This method eliminates the need for middlemen, such as banks or other financial institutions, which typically charge fees for their services. Anvil claims that its platform can reduce costs for secured credit by 50% or more compared to traditional methods.