Founded in April 2019 by Juntao Zhu and Simon Lee, Hodlnaut Pte. Ltd. was a platform that allowed users to earn interest on their cryptocurrency holdings, including Bitcoin, Ethereum, and stablecoins. The company's primary service was to provide yield on deposited assets by lending them to corporate borrowers and decentralized protocols. However, in August 2022, following the collapse of the Terra/LUNA ecosystem and significant losses, the company halted all withdrawals, token swaps, and deposits. Subsequently, it was placed under Interim Judicial Management in Singapore and is currently undergoing liquidation proceedings to recover and distribute remaining assets to its creditors.

Founded in

Singapore