The company believes that its new RCX platform is the first of its kind in the growing debt market as it will allow professional, sophisticated and high-net-worth investors to purchase debt from professional property lenders.

Racefields believes that other debt-trading platforms in the market only focus on traders, such as merchant banks and other large corporates. 

RCX plans to disrupt the market by creating an intuitive platform for individual debt buyers and sellers to trade with one another in a secure and transparent environment. 

All types of assignable debt can be traded on the platform, including peer-to-peer loans, but RCX’s initial focus will be on bridging loans.

“We developed RCX to initially fund bridging loan companies,” said David Gammond, chairman of Racefields (pictured above).

“The sector might reach £5bn of loans this year and is supported by HNW, sophisticated and institutional investors.

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“Using RCX, these same investors can select a portfolio of loans across many lenders that better matches their investment criteria.”

RCX is looking for investors based in the UK and China who are keen to use the platform to invest in asset-backed securities in the UK.

The loans can be a mixture of commercial, residential, semi-commercial, buy-to-let residential and development based in the UK, but RCX intends to expand into the European and Chinese debt markets in the future. 

David said that investors would be able to back the loans they wanted through the exchange, which he believed made a lot more sense than backing all the good or bad loans initiated by a single lender. 

“Peer-to-peer lenders should also consider the benefits of using RCX. 

“Through our platform they are funding professional lenders who understand what a good loan looks like and who know how to recover capital in the event of default. 

“We believe that RCX could become the PayPal of the UK property finance industry as the platform becomes the central transfer point of funds from investors to property lenders.”