Maple Finance Launches Permissioned Institutional Lending Pool With Blocktower, Genesis

Posted on by American Coins & Gold

Maple Finance Launches Permissioned Institutional Lending Pool With Blocktower, Genesis
Undercollateralized lending platform Maple Finance is launching a new pool today designed for permissioned, know-your-customer/anti-money-laundering (KYC/AML) compliant loans.The decentralized finance (DeFi) protocol announced the pool on Monday morning in collaboration with investment firm Blocktower Capital and prime brokerage Genesis (Genesis is owned by Digital Currency Group, CoinDesk’s parent company).Sanat Rao, a general partner at Blocktower and the head of its Gamma Point Capital market neutral fund, said that the pool is an initial step towards addressing a massive, underserved market.“The whole opportunity is, how do you bridge the crypto world and the ‘real’ world, or the traditional finance world? There’s…