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Published On: Thu, Aug 10th, 2023

Maple Finance Extends Tokenized Treasuries Access to U.S. Investors Following Regulatory Exemption

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Maple Finance’s Cash Management Facility Draws $22 Million in Deposits Since April Launch

Blockchain-based credit marketplace, Maple Finance, announced the opening of its USDC cash management pool, backed by tokenized Treasuries (T-bills), to U.S. investors. The firm obtained a Rule 506(c) exemption under Regulation D from the U.S. Securities and Exchange Commission (SEC), enabling access for U.S. entities. Previously, only non-U.S. participants had entry to the Maple pool.

The cash management pools within Maple’s platform provide a means for accredited investors, companies, and decentralized autonomous organizations (DAOs) to allocate their spare USDC and USDT stablecoins into one-month U.S. Treasury bills, generating an annual yield of 4-5%. Since its launch in April, the facility has seen a cumulative deposit of $22 million.

It’s noteworthy that U.S. investors are restricted to depositing USDC, excluding USDT.

With the yield on U.S. government debt surpassing decentralized finance (DeFi) yields and being considered risk-free, demand for blockchain-based T-bill offerings has surged. This trend particularly benefits digital asset firms, crypto investment funds, and protocol treasuries that frequently hold substantial sums in stablecoins. Tokenized Treasuries offer these entities protection against inflation and a yield-generating avenue.

Reflecting this growing demand, the market size of tokenized T-bills has expanded six-fold this year, approaching nearly $700 million, as reported by real-world asset data platform RWA.wyz.

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