Decentralized finance platform Credix opens trade receivables lending pool with Solana Foundation among investors
Credix Finance, a decentralized finance (DeFi) credit marketplace, has launched a new private credit lending pool on the Solana blockchain. Here are the key points of the announcement:
1. 11% annual yield: Lenders can earn nearly 11% annual yield by investing in insurance-protected private credit for Colombian farmers backed by receivables.
2. Potential growth: Credix believes that the lending pool could grow to $150 million in the coming months due to high demand for capital in Colombia.
3. DeFi and traditional finance convergence: The tokenization of real-world assets (RWAs) like private credit and bonds on the blockchain is bringing DeFi and traditional finance closer together.
4. Disrupting finance: The tokenization of RWAs could make capital markets more efficient, transparent, and accessible, potentially creating a market worth $4 trillion to $16 trillion by 2030.
5. Strong collateral and insurance: Colombian fintech firm Clave and its affiliate Liquitech underwrite and originate loans in Colombian pesos, pledging receivables as collateral. The receivables are insured by CESCE Colombia.
In conclusion, Credix’s new private credit lending pool on Solana offers accredited investors an opportunity to earn an 11% annualized yield. This initiative aims to provide crucial financial support to Colombian farmers and has the potential to disrupt traditional finance by tokenizing real-world assets.
Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora’s insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content.