The Lending Pool managed by Maven 11 on the capital marketplace Maple Finance has reached a volume of USD175 million.
Launched in July 2021, the Lending Pool has issued 35 loans to premier institutional borrowers in the crypto industry, such as Alameda Research, a quantitative trading firm, GSR, a crypto market maker, and digital asset platform Amber Group.
Maple Finance is a decentralised corporate debt marketplace built to create a sustainable yield source for long-term focused lenders to earn a competitive return on their assets. The capital on Maple Finance’s platform sits in Lending Pools, each managed by a Pool Delegate. As a Pool Delegate, Maven 11 forms the link between investors and companies, tasked with assessing the creditworthiness of borrowers and determining the terms of the investment, such as collateralisation ratio and interest rates.
Maple Finance is also one on the participations of Maven 11 Blockchain Venture Fund II, which closed at USD120 million on 30 November. Maven 11’s involvement in Maple Finance, both as an investor through Venture Fund II and as a Pool Delegate, showcases its ability to offer founders more than just funding, thereby actively adding value to its participations.
