Tokenet is a crypto-lending platform that allows firms to borrow and lend digital assets while managing collateral positions. The platform is backed by a number of crypto firms, including Hidden Road Partners, Xapo Bank, EDX Clearing, and DV Chain. The launch of Tokenet comes at a time when the crypto lending industry is still reeling from the collapse of several major lenders, including Celsius Network, BlockFi, and Voyager Digital. These lenders collapsed due to a number of factors, including poor risk management practices and exposure to volatile market conditions.