LenderLab partners with finance companies to provide funding for renewable energy projects via the blockchain. By creating NBTs (note backed tokens) LenderLab allows crypto-currency investors to "become the bank" and access the investments previously available only to banking institutions.
Note backed tokens are non-fungible tokens that assign ownership of a debt. Each NBT corresponds to a ownership of a loan. The holder of the NBT is entitled to the principle and interest due for the loan.
LenderLab's Green Energy Token is a stablecoin backed by renewable energy debt notes. The tokens represent a share of the loans used to finance the installation of green energy projects.
By providing a share of ownership of a real world asset, LenderLab's Green Energy Tokens are a new kind of stablecoin. The notes backing the tokens are seasoned, high-performing debt notes with an fractional default rate. By pooling notes together risk is minimized and returns are historically validated.
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