19 November 2021 07:17, UTC
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Sam Bankman-Fried’s venture capital firm Alameda Research raised $ 25 million through DeFi platform Maple Finance.
Representatives of Maple Finance stressed that the loan pool will increase to $ 1 billion within a year. Only accredited investors who are not US residents can participate in it. Initially, they are CoinShares, Abra and Ascendex – companies that have passed KYC / AML procedures.
Maple Finance is positioned as a permissioned platform that issues syndicated loans… Institutional investors raised $ 339.5 million in partially secured loans, according to the website.
“Institutional interest in DeFi is growing. These companies want to generate revenue, but they don’t know how to do it in accordance with the requirements, and do not trust the existing protocols, ”- said Sid Powell, co-founder of Maple Finance.
The first permissioned pool from Maple Finance was launched in November with the support of BlockTower Capital and Genesis Trading. Lenders and borrowers who have passed KYC procedures can participate in it.
The newly created pool has only one borrower – Alameda Research.
As a reminder, the Aave DeFi platform is preparing to launch the Aave Arc institutional platform.
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