Maple Finance, a blockchain institutional capital marketplace, has received an exemption from the SEC to offer its one-month U.S. Treasury yields to accredited investors in the U.S. Previously, the Maple Finance Treasury Pools were only available to accredited investors outside the U.S. Through the SEC Regulation D Rule 506(c) Exemption, the firm can now offer investment products to individual investors in the U.S. with a net worth exceeding $1 million or an annual income exceeding $200,000. Maple Finance’s Treasury Pool currently holds over 21 million USDC with an annualized yield of 4.76%. Room40 Capital, an institutional crypto hedge fund, is currently the sole borrower from the pool, using the proceeds to purchase and hold short-dated U.S. Treasury bills. No late payments have been made thus far.
– Maple Finance has secured an exemption from the SEC to offer its one-month U.S. Treasury yields to accredited investors in the U.S.
– The previous availability of Maple Finance Treasury Pools was limited to accredited investors outside the U.S.
– The SEC Regulation D Rule 506(c) Exemption allows the firm to offer investment products to individual investors in the U.S. with specific financial qualifications.
– The Maple Finance Treasury Pool currently holds over 21 million USDC with an annualized yield of 4.76%.
– Room40 Capital, an institutional crypto hedge fund, is the sole borrower from the pool and uses the proceeds to purchase and hold short-dated U.S. Treasury bills.
Hot Take: Maple Finance’s exemption from the SEC expands its reach to accredited investors in the U.S., allowing them to access its Treasury Pools. This move increases the potential capital inflow into the pools and provides new investment opportunities for investors. The partnership with Room40 Capital showcases the demand for short-dated U.S. Treasury bills in the crypto market. Overall, this development highlights the growing integration of traditional financial products and the crypto space.
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