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The developers of the credit crypto market Maple Finance have introduced a new liquidity pool for trade receivables. According to the creators, its launch was the first step of the protocol in a new strategy to attract traditional financial investments in the blockchain industry.
The new USD Coin (USDC) stablecoin pool will allow firms to receive discounted cash advances on tax credits and funding programs such as the IRS employee retention (ERC). Companies will pledge receivables as collateral for loans, and investors will be able to make a profit.
The target return on the liquidity pool is 10% year-on-year with a minimum investment of $500k and a 45-day blocking period. The maximum size of the pool will be up to $100 million. It will be open only to accredited investors. These will include institutional digital asset managers and decentralized autonomous organization (DAO) treasuries. Compliance with all Know Your Customer (KYC) requirements and anti-money laundering (AML) verification will be mandatory.
London-based public company AQRU will manage the pool, acting as a delegate. She will have to supervise the firms that have submitted applications and manage the loan portfolio.
The pool idea was initiated by Intero Capital Solutions. This firm specializes in the financing of receivables. The organization will use the money from the pool to lend to qualified start-ups.
AQRU CEO Phil Blowes assured that receivables financing is one of the oldest commercial finance products. Thus, his company wants to become a pioneer in the blockchain industry by providing this traditional strategy to crypto investors who are looking for conservative investment vehicles to generate income.
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