{"id":5777,"date":"2023-10-13T08:38:00","date_gmt":"2023-10-13T08:38:00","guid":{"rendered":"https:\/\/acudc.com\/?p=5777"},"modified":"2023-10-13T08:38:00","modified_gmt":"2023-10-13T08:38:00","slug":"maple-finance-announces-asia-expansion-after-successful-investment-round","status":"publish","type":"post","link":"https:\/\/acudc.com\/zh\/maple-finance-announces-asia-expansion-after-successful-investment-round\/","title":{"rendered":"MAPLE FINANCE ANNOUNCES ASIA EXPANSION AFTER SUCCESSFUL INVESTMENT ROUND"},"content":{"rendered":"<p>by&nbsp;<a href=\"https:\/\/www.cryptopolitan.com\/author\/owotunse\/\">Owotunse Adebayo<\/a><\/p>\n\n\n\n<p><img decoding=\"async\" loading=\"lazy\" width=\"1140\" height=\"570\" srcset=\"https:\/\/img.cryptopolitan.com\/wp-content\/uploads\/2023\/08\/IMG_3854.jpeg?strip=all&amp;lossy=1&amp;quality=90&amp;webp=90&amp;sharp=1&amp;ssl=1 1140w, https:\/\/img.cryptopolitan.com\/wp-content\/uploads\/2023\/08\/IMG_3854-300x150.jpeg?strip=all&amp;lossy=1&amp;quality=90&amp;webp=90&amp;sharp=1&amp;ssl=1 300w, https:\/\/img.cryptopolitan.com\/wp-content\/uploads\/2023\/08\/IMG_3854-768x384.jpeg?strip=all&amp;lossy=1&amp;quality=90&amp;webp=90&amp;sharp=1&amp;ssl=1 768w, https:\/\/img.cryptopolitan.com\/wp-content\/uploads\/2023\/08\/IMG_3854.jpeg?strip=all&amp;lossy=1&amp;quality=90&amp;webp=90&amp;sharp=1&amp;w=560&amp;ssl=1 560w, https:\/\/img.cryptopolitan.com\/wp-content\/uploads\/2023\/08\/IMG_3854.jpeg?strip=all&amp;lossy=1&amp;quality=90&amp;webp=90&amp;sharp=1&amp;w=840&amp;ssl=1 840w\" src=\"https:\/\/img.cryptopolitan.com\/wp-content\/uploads\/2023\/08\/IMG_3854.jpeg?strip=all&amp;lossy=1&amp;quality=90&amp;webp=90&amp;sharp=1&amp;ssl=1\" alt=\"Maple Finance\"><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cryptopolitan.com\/maple-finance-expansion-after-investment\/#\"><\/a><\/p>\n\n\n\n<h3><a href=\"https:\/\/www.cryptopolitan.com\/maple-finance-expansion-after-investment\/#\">CONTENT<\/a><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.cryptopolitan.com\/maple-finance-expansion-after-investment\/#Maple_Finance_secures_5_million_in_investment\">1.&nbsp;Maple Finance secures $5 million in investment<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cryptopolitan.com\/maple-finance-expansion-after-investment\/#The_company_is_eyeing_evolution_in_a_dynamic_crypto_landscape\">2.&nbsp;The company is eyeing evolution in a dynamic crypto landscape<\/a><\/p>\n\n\n\n<h2>TLDR<\/h2>\n\n\n\n<ul>\n<li>Maple Finance has announced that it is making inroads into Asia after completing an investment round.<\/li>\n\n\n\n<li>The company is eyeing evolution in a dynamic crypto landscape.<\/li>\n<\/ul>\n\n\n\n<p>Maple Finance, a&nbsp;<a href=\"https:\/\/www.cryptopolitan.com\/news\/blockchain\/\">blockchain<\/a>-based credit&nbsp;<a href=\"https:\/\/www.maple.finance\/\" rel=\"noreferrer noopener\" target=\"_blank\">marketplace<\/a>, has set its sights on the Asia-Pacific (APAC) region, announcing a successful $5 million investment round on Tuesday. The fundraising was led by BlockTower Capital and Tioga Capital, with participation from Cherry Ventures, The Spartan Group, GSR Ventures, and Veris Ventures, among others. Notably, existing investors including Maven 11 and Framework Ventures also increased their capital commitment.<\/p>\n\n\n\n<h2>Maple Finance secures $5 million in investment<\/h2>\n\n\n\n<p>CEO Sidney Powell expressed the significance of this funding round, highlighting that it marks a pivotal moment in Maple Finance\u2019s journey as it gears up for expansion in the APAC region. Powell emphasized the company\u2019s strategic growth plan and its mission to leverage partnerships and technology to facilitate compliant lending and borrowing adoption across key APAC markets, including Singapore, Japan, Hong Kong, and Korea.<\/p>\n\n\n\n<p>The move into Asia is a testament to the region\u2019s increasing importance within the digital asset landscape. Several Asian countries have been proactive in establishing clear regulatory frameworks for cryptocurrency firms, a sharp contrast to the regulatory uncertainty often seen in other regions, notably the United States. Recently, Hong Kong granted its first licenses to trading platforms under its new crypto regulations, while Singapore\u2019s central bank introduced a regulatory framework for stablecoins.<\/p>\n\n\n\n<p>This regulatory clarity has attracted international players such as U.S-based exchange Gemini, which expanded its presence in the region by opening a hub in Singapore. Maple Finance\u2019s expansion initiative comes on the heels of its recovery from a significant crypto deleveraging event last year. The platform faced challenges following the collapse of FTX, which resulted in the accumulation of distressed loans worth $54 million.<\/p>\n\n\n\n<h2>The company is eyeing evolution in a dynamic crypto landscape<\/h2>\n\n\n\n<p>In April, Maple Finance introduced a blockchain-based U.S. Treasuries facility, which has garnered $22 million in deposits since its launch. The platform also established a direct lending arm aimed at supporting web3 firms in June. Although the total value locked on Maple has decreased from its peak of $938 million in May last year to $88 million, according to DefiLlama, the platform\u2019s commitment to innovation and expansion remains evident.<\/p>\n\n\n\n<p>In a separate development, Maple Finance recently announced its renewed use of the Solana (SOL) network after an eight-month hiatus. This move signifies the platform\u2019s commitment to broadening its stablecoin cash management offerings to the network. Solana-based protocols including Solend, Drift, and UXD Protocol have already committed to deposit funds on the network, reinforcing Maple\u2019s return to Solana.<\/p>\n\n\n\n<p>Previously limited to the&nbsp;<a href=\"https:\/\/www.cryptopolitan.com\/news\/ethereum-eth\/\">Ethereum<\/a>&nbsp;network, Maple Finance\u2019s facility enables accredited investors, companies, and decentralized autonomous organizations (DAOs) to securely park their stablecoin assets in one-month U.S. Treasury bills, yielding an annual return of 4-5%. This initiative aligns with the company\u2019s pursuit of providing attractive yield-generating options to its user base. The platform\u2019s stablecoin cash management offering on Solana has attracted $22 million in deposits since its launch in April.<\/p>\n\n\n\n<p>Maple Finance\u2019s decision to expand into the APAC region reflects the growing global interest in digital&nbsp;<a href=\"https:\/\/www.cryptopolitan.com\/metas-encryption-plans-under-fire\/\">assets<\/a>&nbsp;and decentralized finance. With its innovative approach to credit and lending in the crypto space, Maple Finance is poised to contribute significantly to the evolution of the financial landscape, particularly in a region where regulatory clarity and technological advancements are driving digital innovation.<\/p>\n\n\n\n<p><em><strong>Disclaimer.<\/strong>\u00a0The information provided is not trading advice.\u00a0<a href=\"https:\/\/cryptopolitan.com\/\">Cryptopolitan.com<\/a>\u00a0holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and\/or consultation with a qualified professional before making any investment decisions.<\/em><\/p>\n\n\n\n<p>Retrieved from: https:\/\/www.cryptopolitan.com\/maple-finance-expansion-after-investment\/ (13\/10\/23) <\/p>","protected":false},"excerpt":{"rendered":"<p>by&nbsp;Owotunse Adebayo CONTENT 1.&nbsp;Maple Finance secures $5 million in investment 2.&nbsp;The company is eyeing evolution in a dynamic crypto landscape TLDR Maple Finance, a&nbsp;blockchain-based credit&nbsp;marketplace, has set its sights on the Asia-Pacific (APAC) region, announcing a successful $5 million investment round on Tuesday. The fundraising was led by BlockTower Capital and Tioga Capital, with participation &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/acudc.com\/zh\/maple-finance-announces-asia-expansion-after-successful-investment-round\/\"> <span class=\"screen-reader-text\">MAPLE FINANCE ANNOUNCES ASIA EXPANSION AFTER SUCCESSFUL INVESTMENT ROUND<\/span> \u67e5\u770b\u5168\u6587 &raquo;<\/a><\/p>","protected":false},"author":5,"featured_media":5778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[15,9],"tags":[],"_links":{"self":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts\/5777"}],"collection":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/comments?post=5777"}],"version-history":[{"count":1,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts\/5777\/revisions"}],"predecessor-version":[{"id":5779,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts\/5777\/revisions\/5779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/media\/5778"}],"wp:attachment":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/media?parent=5777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/categories?post=5777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/tags?post=5777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}