We have numerous protections set up for return of collateral. Your Loan and Security Agreement (accessible through your BlockFi Dashboard) outlines BlockFi’s obligation to return collateral once the loan is paid in full. BlockFi operates under Article 9 of the Uniform Commercial Code, which governs secured lending and files a UCC-1 with the state in which you reside.
Additionally, we work with Scratch, a third party loan servicer (services U.S. clients only; non-U.S. clients are serviced in-house) that guarantees seamless execution of loan contracts. BlockFi is a preeminent crypto-backed lender with institutional backing from investors and institutional-quality custody partners. To learn more about our risk-management practices please click here.