Resolution with the California DFPI Highlights SALT’s Commitment to Regulatory Compliance and Operational Excellence
DENVER, CO — January 13, 2025 –– We are pleased to announce that the California Department of Financial Protection and Innovation (DFPI) has officially reinstated our lending license in the state of California. Beginning January 15, 2025, SALT will once again be able to service existing loans and underwrite new loans for California residents, marking a significant milestone for the company and its customers.
The reinstatement reflects our unwavering commitment to regulatory compliance and our mission to provide secure, innovative and reliable financial solutions for digital asset holders.
Building a Resilient Financial Ecosystem
“This resolution with the DFPI represents a significant step forward for SALT, our customers, and the broader digital asset ecosystem,” said Shawn Owen, Chief Executive Officer and Founder of SALT Lending. “We’ve worked tirelessly to meet and exceed regulatory expectations, and we believe these efforts will help build a stronger, more transparent framework for digital asset financial services. SALT is proud to continue fostering trust and innovation while empowering individuals to manage their digital assets securely and effectively.”
Appreciation for California Customers
SALT extends its gratitude to its California customers for their patience and understanding throughout this process. While access to lending services was limited during the suspension, SALT remained steadfast in its commitment to resolving the license status and ensuring compliance with all DFPI requirements.
“We deeply appreciate the support of our California customers as we worked through this process,” added Owen. “Your trust and patience have been invaluable, and we are thrilled to resume serving you with the reliable, secure financial services you deserve.”
Looking Ahead
Starting January 15, 2025, SALT will fully reinstate its lending operations in California, including servicing existing loans and underwriting new ones. This milestone reflects SALT’s ongoing mission to foster a consumer-friendly and resilient financial ecosystem in California and across the United States.
For more information about SALT Lending and its services, please visit www.saltlending.com. To read the Consent Order, visit the DFPI website.
About SALT Lending
Founded in 2016 and headquartered in Denver, SALT Lending is the pioneer of crypto-backed lending. SALT’s mission is to build and enable simple, familiar and novel crypto financial products that increase access to financial opportunities and give consumers more control over their ability to generate long-term wealth.
SALT’s crypto lending products enable its users to seamlessly access credit against their crypto portfolios – while the Company’s B2B Embedded Crypto Lending Service enables third-party platforms to offer these products to their users. For more information, visit www.saltlending.com or follow us on X and LinkedIn.
Important Please Read
SALT reserves the right to modify or discontinue products and benefits at any time without notice. Loan inquiry does not constitute an offer, availability, or application for a loan. Loan options and terms selected may not be available in your jurisdiction, for your loan amount, and or collateral type. SALT Loans are subject to jurisdictional limitations and other restrictions. This communication is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Products and services are not available in all jurisdictions nor to all prospective customers. SALT loans are originated by Salt Lending LLC. NMLS #1711910. NMLS Consumer Access. Learn more at: https://saltlending.com
