Maple Finance, a crypto lending platform, has launched a new product — a Cash Management Pool to allow non-U.S. accredited investors and entities to access U.S. Treasury Bills.
This offering is not open to individuals or organizations from the U.S. The fund will generate yield by investing in short-term U.S. government bonds and reverse purchase agreements, deducting expenses, and lending the resulting funds to a borrower through a specialized entity known as a special purpose vehicle (SPV). In this case, the sole borrower is Room40 Capital, a cryptocurrency hedge fund.
All Comments