Strong demand from investors to capture yield from a diversified pool of institutional loans
AMSTERDAM, Friday 12 August 2022 – Maven 11 has launched a Permissioned Pool, together with Maple Finance. The initial pool size is $ 40 million in USD Coin (USDC) with an attractive risk-adjusted return to investors. Initial participants for the new pool are Flow Traders, Wintermute and Auros.
The pool will issue loans to a diversified set of borrowers the Maven 11 team already has a commercial history and track record with. These borrowers are all premier low-latency trading firms in digital assets with market neutral strategies that already have a strong and established track-record borrowing from existing Maven 11 pools on Maple Finance. Flow Traders, a leading global market maker, will participate for the first time.
Michael Lie, Head of Digital Asset Trading at Flow Traders says: “This new pool, created by Maven 11, is an exciting opportunity for Flow Traders to expand its footprint within DeFi. At Flow Traders, our focus is to work with partners who are actively contributing to the development of the Digital Asset space and this new pool is another highlight of how Maven 11 is innovating in this space. We are looking forward to further building our partnership with them.”
The funds in the Permissioned Pool have been provided by institutional investors, including crypto-investment platforms Midas and AQRU and Qredo, the digital asset self-custody solution.
All investors (as well as borrowers) will be whitelisted and need to comply with Maple Finance’s KYC/AML policy.
Balder Bomans, Chief Investment Officer at Maven 11 adds: “Our journey with Maple as an on-chain credit marketplace started with a strong belief of transparency in capital markets. The last few months have further underwritten our bull case of transparent on-chain credit markets. Institutional investors have been noticing the innovation and efficiency Maple brings and we are very proud to launch this new pool with a respected institution such as Flow Traders.”
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 collateralization ratio and interest rates. In addition to the newly launched permissioned/KYC pool in USDC, Maven 11 also manages two permissionless pools that are open to all investors: one denominated in USDC and another in wETH.
About Maven 11
Maven 11 is a blockchain and digital asset investment firm. It belongs to the Maven 11 Capital group out of Amsterdam, founded by a diverse set of serial entrepreneurs, investors and blockchain builders. Launched in 2015 as one of the first registered European Venture Capital Firms, Maven 11 Capital has now scaled to a team of 20 people with feet on the ground on all continents.
About Maple Finance
Maple Finance is a decentralized corporate credit market. It offers globally accessible, diversified fixed-income yield opportunities by lending to a pool of premium crypto institutions. Since its launch in May 2021, the Maple platform has originated 170 loans with a total value of $1.5B