Maple Finance Launches a DeFi Syndicated Loan with Alameda Research
- Maple Finance's provided a total liquidity of more than $300 million in six months.
Maple Finance, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-powered institutional capital marketplace, announced on Thursday that it had launched the first DeFi Syndicated Loan jointly with Alameda Research. According to the press release shared with Finance Magnates, the on-chain vehicle seeks to syndicate loans from accredited institutional investors globally.
The first lenders include CoinShares, Abra and Ascendex. With the offering in place, Maple Finance relied on Alameda to build the on-chain borrowing vehicle.
“The crypto trading landscape has evolved very quickly over the past few years, and we expect it to continue to do so. The flexibility that comes from a decentralized, on-chain lending platform like this one helps Alameda adapt to that landscape, and we look forward to seeing it grow,” Sam Trabucco, Alameda’s co-CEO, commented.
Also, Sid Powell, Maple Finance’s CEO and Co-Founder, pointed out the following about the DeFi lending market: “It is a sign of the times that Alameda, a multi-billion dollar institution, is now using a blockchain platform to access Debt Capital Markets. This sets a precedent for how traditional financial institutions can enter and take advantage of the under-collateralized DeFi lending market. The old way of investment banks using a Bloomberg terminal and excel spreadsheet to raise debt is becoming outmoded, and the market is voting with its feet.”
DeFi Lending Pool Launched
Recently, Maple Finance announced the launch of a permissioned institutional DeFi lending pool in partnership with BlockTower Capital and Genesis. Such a pool has deployed to almost $25 million in loans to Genesis. As a result, the total Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provided by the company was over $300 million in six months, Maple Finance noted.
“With seven years of crypto trading experience at CoinShares, we see the future of capital markets moving on-chain and becoming global, distributed and operating 24/7/365. Over the last year, the Maple team has been a phenomenal partner to our growing DeFi book, and we’re proud to provide capital to borrowers via this new channel. As our balance sheet continues to grow, we continue to look for opportunities to play a key role in establishing new markets with exceptional teams,” Jean-Marie Mognetti, CEO of CoinShares, said.
Maple Finance, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-powered institutional capital marketplace, announced on Thursday that it had launched the first DeFi Syndicated Loan jointly with Alameda Research. According to the press release shared with Finance Magnates, the on-chain vehicle seeks to syndicate loans from accredited institutional investors globally.
The first lenders include CoinShares, Abra and Ascendex. With the offering in place, Maple Finance relied on Alameda to build the on-chain borrowing vehicle.
“The crypto trading landscape has evolved very quickly over the past few years, and we expect it to continue to do so. The flexibility that comes from a decentralized, on-chain lending platform like this one helps Alameda adapt to that landscape, and we look forward to seeing it grow,” Sam Trabucco, Alameda’s co-CEO, commented.
Also, Sid Powell, Maple Finance’s CEO and Co-Founder, pointed out the following about the DeFi lending market: “It is a sign of the times that Alameda, a multi-billion dollar institution, is now using a blockchain platform to access Debt Capital Markets. This sets a precedent for how traditional financial institutions can enter and take advantage of the under-collateralized DeFi lending market. The old way of investment banks using a Bloomberg terminal and excel spreadsheet to raise debt is becoming outmoded, and the market is voting with its feet.”
DeFi Lending Pool Launched
Recently, Maple Finance announced the launch of a permissioned institutional DeFi lending pool in partnership with BlockTower Capital and Genesis. Such a pool has deployed to almost $25 million in loans to Genesis. As a result, the total Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provided by the company was over $300 million in six months, Maple Finance noted.
“With seven years of crypto trading experience at CoinShares, we see the future of capital markets moving on-chain and becoming global, distributed and operating 24/7/365. Over the last year, the Maple team has been a phenomenal partner to our growing DeFi book, and we’re proud to provide capital to borrowers via this new channel. As our balance sheet continues to grow, we continue to look for opportunities to play a key role in establishing new markets with exceptional teams,” Jean-Marie Mognetti, CEO of CoinShares, said.