BlockTower backs Maple Finance in $5 million funding round
The DeFi platform Maple Finance has closed a strategic funding round worth $5 million, led by BlockTower Capital and Tioga Capital.
The round was also funded by Cherry Ventures, The Spartan Group, GSR Ventures, Veris Ventures, Maven11 Capital and Framework Ventures.
The funds will be deployed to expansion in Latin America and the Asia-Pacific region.
The startup also intends to collaborate with other protocols, providers of financial services and lending experts.
The funding round kicks off a roadmap that envisions Maple Finance […] into the world TradFi as a leading lending platform and technology provider, the team said.
Maple Finance is positioned as a permissioned platform that issues syndicated loans.
According to веб-сайту фирмы, the total value of loans issued on the platform has surpassed $2.2 billion, with deposited assets of $45.7 million.
“Our mission remains clear — to unite Web3 with traditional finance through a robust networked capital infrastructure that sets new standards and creates opportunities for the entire ecosystem”, — said Sidney Powell, CEO of Maple Finance.
Earlier in October 2022, BlockTower Capital quietly launched a venture fund in the amount of $150 million.
Earlier, the Monetary Authority of Singapore considered aspects of tokenization and DeFi protocols. As part of the project, participants studied the possibility of integrating the latest developments into institutional market infrastructure.
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